Public Investment Management Simulation Platform Using the National Digital Twin

Abstract

Metaverse, Digital Twin, XR will put the Korea at the forefront of future industry. This paper proposes a Public Investment Management Simulation Platform(PIMSP) using the Digital Twin GEO to decrease an efficiency gap and manage effectively public investment assessment. The PIMSP unifies 6 separate systems as data sources and shares data based on location and real time through the entire system. There are technical functions such as collection, transfer, storage, service, application and management, 3D modelling, virtualization, connectivity, analysis, simulation, visualization, AI, ML, and DL. PIMP can simulate collaboration of various projects each agency in the same platform; optimization of the overall design and implementation; showcase of the interdependencies, possibilities, benefits and barriers including terrain attributes; and efficiencies and the optimal timing of investment. A open lab of PIMP can be used and shared for virtual testbed or experimentation by the public, private, people and research sectors. The Korean Digital New Deal will support the development of PIMSP within Metaverse technical environment.