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Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions

Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions

Ingrid Vasiliu-Feltes
Copyright: © 2023 |Pages: 23
ISBN13: 9781668438336|ISBN10: 166843833X|ISBN13 Softcover: 9781668438343|EISBN13: 9781668438350
DOI: 10.4018/978-1-6684-3833-6.ch004
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MLA

Vasiliu-Feltes, Ingrid. "Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions." Impact of Digital Twins in Smart Cities Development, edited by Ingrid Vasiliu-Feltes, IGI Global, 2023, pp. 104-126. https://doi.org/10.4018/978-1-6684-3833-6.ch004

APA

Vasiliu-Feltes, I. (2023). Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions. In I. Vasiliu-Feltes (Ed.), Impact of Digital Twins in Smart Cities Development (pp. 104-126). IGI Global. https://doi.org/10.4018/978-1-6684-3833-6.ch004

Chicago

Vasiliu-Feltes, Ingrid. "Impact of Digital Twins on Smart Cities: Healthtech and Fintech Perspectives – opportunities, Challenges, and Future Directions." In Impact of Digital Twins in Smart Cities Development, edited by Ingrid Vasiliu-Feltes, 104-126. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-3833-6.ch004

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Abstract

There are several industries that have shown significant advancements in using digital twin capabilities. Healthcare, life sciences, and fintech constitute a powerful trifecta that can profoundly impact society at a global scale. The design and deployment of digital twins is complex and intimately connected to other digital technologies. However, in order to be successful, we will also need to overcome some of the challenges faced with any emerging technologies and mitigate against the risks of maleficent use. Specifically, ethics, cybersecurity concerns, and cross-industry standards will be on the agenda of most enterprises wishing to deploy digital twins. By leveraging a combined deployment of digital twins with other emerging technologies, we could potentially build a highly performant global digital twin ecosystem. Futurists would even venture to envision the existence of state-of-the-art smart cities where digital healthcare twins, digital life sciences twins, digital finance twins would be part of our daily lives.

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