The transformative power of BIM - Revision history

Designing Buildings at 07:12, 27 January 2021

2021-01-27T07:12:08Z

← Older revision		Revision as of 07:12, 27 January 2021
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	* The impact of digital on civil engineering.		* The impact of digital on civil engineering.

−	[[Category:~~Publications_/_reports~~]] [[Category:~~Research_~~/~~_Innovation~~]] [[Category:~~DCN_Research,_Development_and_Innovation~~]] [[Category:Construction_management]]	+	[[Category:DCN_Commentary]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:Publications_/_reports]] [[Category:Research_/_Innovation]] [[Category:Construction_management]]

Editor at 18:52, 4 September 2017

2017-09-04T18:52:58Z

← Older revision		Revision as of 18:52, 4 September 2017
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−	[[File:Modeling.jpg]]	+	[[File:Modeling.jpg\|link=File:Modeling.jpg]]

−	With annual revenues of nearly $10 trillion, or about 6% of global GDP, the engineering and construction (E&C) industry is a cornerstone of the world’s economy. It serves almost all other industries, much of whose value creation involves buildings, infrastructure facilities, and other ~~“constructed~~ assets.”	+	With annual revenues of nearly $10 trillion, or about 6% of global GDP, the engineering and construction (E&C) industry is a cornerstone of the world’s economy. It serves almost all other industries, much of whose value creation involves buildings, infrastructure facilities, and other 'constructed assets'.

−	Yet, unlike other industries, E&C has been slow to adopt new technologies and has never undergone a major transformation. Consider, for example, the opportunity offered by lean process methodologies—take-up has been limited, and many companies that have adopted them have failed to apply them wholeheartedly. In addition, construction firms now find themselves struggling to cope with ever-larger and more complex “megaprojects,” particularly in infrastructure. As a result of these setbacks and challenges, the construction industry has registered disappointing efficiency gains, and its growth in labor productivity continues to lag far behind that of other industries.	+	Yet, unlike other industries, E&C has been slow to adopt new technologies and has never undergone a major transformation. Consider, for example, the opportunity offered by lean process methodologies—take-up has been limited, and many companies that have adopted them have failed to apply them wholeheartedly.

−	~~Substantial change is on the way~~, ~~however~~, ~~driven by digitalization: the development and deployment~~ of ~~digital technologies~~ and ~~processes. Construction will soon be characterized by connected systems of sensors~~, ~~intelligent machines, mobile devices~~, and ~~new software applications—all integrated on a central platform~~ of building information modeling (BIM). As their adoption increases, digital technologies are enabling companies to boost productivity, manage complexity, reduce project delays and cost overruns, and enhance safety and quality.	+	In addition, construction firms now find themselves struggling to cope with ever-larger and more complex 'megaprojects', particularly in infrastructure. As a result of these setbacks and challenges, the construction industry has registered disappointing efficiency gains, and its growth in labour productivity continues to lag far behind that of other industries.

−	~~Other industries, such as~~ the ~~automotive industry~~, ~~underwent radical process changes earlier~~ and ~~are now well into their~~ digital ~~transformation~~. ~~In E&C~~, ~~digitalization is just beginning. Given the sector’s vast size~~, ~~however~~, ~~even small improvements will translate into substantial benefits for companies~~ and ~~for society~~.	+	Substantial change is on the way, however, driven by digitalisation: the development and deployment of digital technologies and processes. Construction will soon be characterised by connected systems of sensors, intelligent machines, mobile devices, and new software applications—all integrated on a central platform of building information modeling (BIM).

−	~~Within ten years~~, ~~according~~ to ~~our estimates~~, ~~full-scale digitalization in nonresidential construction will lead to annual global~~ cost ~~savings of $0.7 trillion to $1.2 trillion (13% to 21%) in the engineering~~ and ~~construction phases~~ and ~~$0.3 trillion to $0.5 trillion (10% to 17%) in the operations phase~~.	+	As their adoption increases, digital technologies are enabling companies to boost productivity, manage complexity, reduce project delays and cost overruns, and enhance safety and quality.

−	~~Digitalization~~ will change the game fundamentally in E&C, not only enabling efficiency and quality gains along the value chain but also reshuffling the competitive league table of companies and countries.	+	Other industries, such as the automotive industry, underwent radical process changes earlier and are now well into their digital transformation. In E&C, digitalisation is just beginning. Given the sector’s vast size, however, even small improvements will translate into substantial benefits for companies and for society.
		+
		+	Within ten years, according to our estimates, full-scale digitalisation in non-residential construction will lead to annual global cost savings of $0.7 trillion to $1.2 trillion (13% to 21%) in the engineering and construction phases, and $0.3 trillion to $0.5 trillion (10% to 17%) in the operations phase.
		+
		+	Digitalisation will change the game fundamentally in E&C, not only enabling efficiency and quality gains along the value chain but also reshuffling the competitive league table of companies and countries.

	[http://futureofconstruction.org/content/uploads/2016/09/BCG-Digital-in-Engineering-and-Construction-Mar-2016.pdf Download the PDF]		[http://futureofconstruction.org/content/uploads/2016/09/BCG-Digital-in-Engineering-and-Construction-Mar-2016.pdf Download the PDF]
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	Post originally published on [https://www.bcgperspectives.com/content/articles/engineered-products-project-business-digital-engineering-construction/ bcgperspectives.com].		Post originally published on [https://www.bcgperspectives.com/content/articles/engineered-products-project-business-digital-engineering-construction/ bcgperspectives.com].

−		+	-----
−		+	This article was written by Philipp Gerbert, Santiago Castagnino, Christoph Rothballer, Andreas Renz, and Rainer Filitz.
−	* Written by~~<br />~~	+
−	Philipp Gerbert, Santiago Castagnino, Christoph Rothballer, Andreas Renz, and Rainer Filitz	+

	This article was also published on the [https://futureofconstruction.org/ Future of Construction Knowledge Sharing Platform] and the [http://www.weforum.org/agenda/2017/03/elon-musk-innovation-construction-industry WEF Agenda Blog].		This article was also published on the [https://futureofconstruction.org/ Future of Construction Knowledge Sharing Platform] and the [http://www.weforum.org/agenda/2017/03/elon-musk-innovation-construction-industry WEF Agenda Blog].

−	--[[User:~~Future of Construction~~\|Future of Construction]] 15:22, 16 Jun 2017 (BST)	+	--[[User:Future_of_Construction\|Future of Construction]] 15:22, 16 Jun 2017 (BST)
		+
		+	= Find out more =

		+	=== Related articles on Designing Buildings Wiki ===

		+	* BIM articles.
		+	* Building information modelling.
		+	* Digital Built Britain v BIM
		+	* Digital technology boost to construction industry.
		+	* How to make the digital revolution a success.
		+	* The impact of digital on civil engineering.

−	~~[[Category:International]] [[Category:Organisations]] [[Category:Projects_and_case_studies]]~~ [[Category:Publications_/_reports]] [[Category:Research_/_Innovation]] [[Category:~~Health_and_safety_/_CDM]] [[Category:Planning_permission]] [[Category:Policy]] [[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Sustainability]] [[Category:Client_procedures~~]] [[Category:Construction_management~~]] [[Category:Construction_techniques]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Design]] [[Category:Products_/_components]] [[Category:Roles_/_services~~]]	+	[[Category:Publications_/_reports]] [[Category:Research_/_Innovation]] [[Category:DCN_Research,_Development_and_Innovation]] [[Category:Construction_management]]

Editor: moved The Transformative Power of Building Information Modeling to The transformative power of BIM

2017-09-04T18:48:28Z

moved The Transformative Power of Building Information Modeling to The transformative power of BIM

← Older revision

Revision as of 18:48, 4 September 2017

Future of Construction: Created page with "File:Modeling.jpg With annual revenues of nearly $10 trillion, or about 6% of global GDP, the engineering and construction (E&C) industry is a cornerstone of the world..."

2017-06-16T14:22:56Z

Created page with "File:Modeling.jpg With annual revenues of nearly $10 trillion, or about 6% of global GDP, the engineering and construction (E&C) industry is a cornerstone of the world..."

New page

[[File:Modeling.jpg]]

With annual revenues of nearly $10 trillion, or about 6% of global GDP, the engineering and construction (E&C) industry is a cornerstone of the world’s economy. It serves almost all other industries, much of whose value creation involves buildings, infrastructure facilities, and other “constructed assets.”

Yet, unlike other industries, E&C has been slow to adopt new technologies and has never undergone a major transformation. Consider, for example, the opportunity offered by lean process methodologies—take-up has been limited, and many companies that have adopted them have failed to apply them wholeheartedly. In addition, construction firms now find themselves struggling to cope with ever-larger and more complex “megaprojects,” particularly in infrastructure. As a result of these setbacks and challenges, the construction industry has registered disappointing efficiency gains, and its growth in labor productivity continues to lag far behind that of other industries.

Substantial change is on the way, however, driven by digitalization: the development and deployment of digital technologies and processes. Construction will soon be characterized by connected systems of sensors, intelligent machines, mobile devices, and new software applications—all integrated on a central platform of building information modeling (BIM). As their adoption increases, digital technologies are enabling companies to boost productivity, manage complexity, reduce project delays and cost overruns, and enhance safety and quality.

Other industries, such as the automotive industry, underwent radical process changes earlier and are now well into their digital transformation. In E&C, digitalization is just beginning. Given the sector’s vast size, however, even small improvements will translate into substantial benefits for companies and for society.

Within ten years, according to our estimates, full-scale digitalization in nonresidential construction will lead to annual global cost savings of $0.7 trillion to $1.2 trillion (13% to 21%) in the engineering and construction phases and $0.3 trillion to $0.5 trillion (10% to 17%) in the operations phase.

Digitalization will change the game fundamentally in E&C, not only enabling efficiency and quality gains along the value chain but also reshuffling the competitive league table of companies and countries.

[http://futureofconstruction.org/content/uploads/2016/09/BCG-Digital-in-Engineering-and-Construction-Mar-2016.pdf Download the PDF]

Post originally published on [https://www.bcgperspectives.com/content/articles/engineered-products-project-business-digital-engineering-construction/ bcgperspectives.com].

* Written by<br />
Philipp Gerbert, Santiago Castagnino, Christoph Rothballer, Andreas Renz, and Rainer Filitz

This article was also published on the [https://futureofconstruction.org/ Future of Construction Knowledge Sharing Platform] and the [http://www.weforum.org/agenda/2017/03/elon-musk-innovation-construction-industry WEF Agenda Blog].

--[[User:Future of Construction|Future of Construction]] 15:22, 16 Jun 2017 (BST)

[[Category:International]] [[Category:Organisations]] [[Category:Projects_and_case_studies]] [[Category:Publications_/_reports]] [[Category:Research_/_Innovation]] [[Category:Health_and_safety_/_CDM]] [[Category:Planning_permission]] [[Category:Policy]] [[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Sustainability]] [[Category:Client_procedures]] [[Category:Construction_management]] [[Category:Construction_techniques]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Design]] [[Category:Products_/_components]] [[Category:Roles_/_services]]