Global Digital Transformation on the Building and Construction Sector, Forecast to 2025

Digitalization, Analytics, Smart Assets, and Materials Key Toward Smart Construction
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Published: 5 Jan 2018

Digital transformation journey has to be adopted in order to stay competitive. The building and construction industry productivity in general is largely left behind, compared to other industries, due to the slow digital transformation movement. Poor planning, lack of automation, insufficient communication, inadequate risk management, and unsophisticated supply chain practices are the major factors hampering productivity and causing significant cost and time overruns. The need to boost productivity, coupled with the need to minimize project overruns and the reliance on unskilled labor, is the top driver for IT adoption in the construction industry. In addition, the combination of new mega trends like urbanization, connectivity & convergence, smart is the new green, artificial intelligence, and other social trends are driving transformational changes in the industry. Ultimately, the move toward digital transformation will be inevitable for the building and construction industry.

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