BIM World 2023, held last week in Munich, provided a clear insight into the current state of digitalization in the construction sector. It is evident that digitalization has now become a standard practice in this field. The focus has shifted from the ‘why’ to the ‘how’ – how companies and their clients can benefit from digitalization is the prevailing question.

BSV Blockchain launched its annual Blockchain Barometer in partnership with research house, YouGov. The national survey reveals the UK’s shocking lack of knowledge and understanding of key emerging technologies, including AI, cryptocurrencies, Chat GPT, blockchain, metaverse, Web 3, and IoT. The individual technologies that fared best in the UK have been widely reported in global media recently. AI ranked top, with 53% claiming to understand the technology, compared to 30% who understood cryptocurrencies, 26% the metaverse, 13% blockchain, and only 6% who said they understood Web3.

Over 150 startups, scale-ups, and techpreneurs from over 40 nations across the globe have submitted their innovative solutions in the realms of planning, construction, operations, and environment that are shaping the future of our landscapes. The ecosystem in connected technologies and Deep-Tech has joined forces with BIM World MUNICH and the Mittelstand-Digital Zentrum Bau for the 6th SMART BUILDING / SMART CONSTRUCTION INNOVATION WORLD CUP to seek out pioneering solutions in smart construction, real estate, smart cities, and urban planning. 

The global metaverse market is poised for significant expansion, with an estimated growth of USD 1,152.35 billion expected from 2022 to 2027, according to a report by Technavio. The market is projected to grow at a compound annual growth rate (CAGR) of 40.06% during this period, with growth momentum anticipated to accelerate.

HP has unveiled the newest addition to the Z by HP workstation lineup: the HP Z6 G5 A, a cutting-edge desktop workstation designed to meet the demanding needs of virtual production, 3D rendering, AI, and machine learning professionals. With the highest number of cores ever in a Z by HP workstation and the ability to configure up to 3 high-performance graphics cards,1 the Z6 G5 A is set to revolutionize productivity and performance.

The market for AR and VR software has a bright future ahead of it because to growing applications in sectors including healthcare, education, and business. Growth will be fueled by better technology, mixed reality, and content development tools, but user experience and ethical issues will play a major role in determining how the market develops.

Meta has officially announced the release date of its much-anticipated Quest 3, with the product set to be available from October 10. Pre-orders are currently open for the mixed reality headset, marking it the world’s first mass-market product of its kind. The starting price for the 128GB version is $499.99 USD, while the 512GB version is available for $649.99 USD.

BMW Group, in partnership with NVIDIA, is pushing the boundaries of automotive manufacturing digitalization, embarking on a path of virtual production at its future plant in Debrecen more than two years before the commencement of actual series production. This innovative concept was demonstrated by BMW AG Board Member for Production, Milan Nedeljković, and NVIDIA CEO and founder, Jensen Huang at GTC 2023.

The rapid advancements in digital twin technology are charting a new trajectory for industries, bridging the divide between the physical and virtual worlds and setting the global market ablaze with projections to soar at a CAGR of 37.5% from 2023 to 2030. The proliferation of Internet of Things (IoT) and big data analytics coupled with the soaring demand for optimized processes and cost-efficient operations are the major catalysts driving the growth of the digital twin market.

Infosys and NVIDIA have recently broadened their collaborative scope, focusing on enabling enterprises globally to bolster productivity through cutting-edge generative AI applications and solutions. A distinctive aspect of this collaboration is the emphasis on the development of advanced solutions related to digital twin technology, marking a significant stride in enterprise digitalization applications.