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Non-profit trade association Object Management Group® (OMG®) with founders Ansys, Dell, Lendlease and Microsoft, today announced the formation of Digital Twin Consortium™. Digital twins, virtual models of a process, product or service that allow for data analysis and system monitoring via simulations, can be challenging to implement due to a lack of open-source software, interoperability issues, legacy systems, and high costs. 

Companies today have access to more data than ever before, but, unless they understand what it means, its value is limited. Sweden’s largest real estate company, Vasakronan, is using Idun ProptechOS built on top of Microsoft Azure to process and analyze the massive amounts of data generated by its commercial properties. 

One of Idun’s founders Erik Wallin is presenting at BuildingSmart in Oslo, on the 5th of March. BuildingSmart is Norway's open BIM association, which is a neutral arena for innovation and digitization of the building, construction, and real estate industries. 

Most modern buildings are already packed with smart potential. Designed with sensor-rich environments, they have the capacity to run more efficiently and sustainably than ever before while responding in real-time to the needs of inhabitants. However, unlocking these benefits isn’t as straightforward as pushing a power button.

Jfokus is Sweden’s largest developer conference with an open technical collaboration among language designers, compiler writers, tool builders, runtime engineers, and VM architects. Erik will be discussing the potential of RealEstateCore and ProptechOS.

ProptechOS was born out of an idea sparked between a data scientist, an engineer, and a real estate company with passion for making buildings smart.

Idun a new software company arriving on the smart city scene to make their mark with ProptechOS and unlocking the potential of a real estate portfolio.

For every smart solution a property owner develops today, around 70 percent of resources are used to track down the right data and only 30 percent is left over for actually making something happen.