Last edited 29 Nov 2019

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The Institution of Civil Engineers Institute / association Website

Construction and Industry 4

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Contents

[edit] Introduction

Andy Hastie, Marketing Lead, Invennt discusses the findings of its joint roundtable with ICE which asked industry leaders the question – is construction ready for industry 4.0?

Industry 4.0 is an umbrella term for a range of emergent technologies including big data, cloud computing, artificial intelligence, IoT and sensors that some analysts believe could initiate a fourth industrial revolution. The New Civil Engineer has estimated that the gains to construction could be worth an extra £25bn per year.

[edit] Impact of Industry 4.0

The advent of this new technology has permanently changed the way construction businesses operate, and evolving market demands are forcing the industry to become more connected, dynamic and customer centric.

Invennt and ICE recognise that to thrive in this new landscape, civil engineering and construction organisations need to develop new business models that take advantage of these opportunities and minimise risks, but so far, the industry has been slow to react.

It is important to remember that while technology and data are important enabling components for successful business models that drive innovation and deliver value, the are not the answer in themselves. Which is why it is important to know how business models are changing in response to these pressures.

[edit] Roundtable discussion on Industry 4.0

In partnership with Invennt, ICE hosted a roundtable discussion on 29 October 2019 to answer the question – is construction ready for industry 4.0?

[edit] Key takeaways from the discussion:


Further information from the discussion will be published in a report by Invennt, due to be released on 6 February 2020. Readers who would like to register to receive a copy of the report or attend a breakfast briefing where the report findings will be discussed are kindly requested to register their interest at www.invennt.com/industry-40

For press enquiries and more information regarding the report, please contact Andy Hastie at [email protected] or on +44(0)7948 281571.

[edit] About this article

This article was written by Andy Hastie, Marketing Lead, Invennt. It was previously published in November 2019 on the website of the Institution of Civil Engineers (ICE) under the title 'Is construction ready for Industry 4.0' and can be accessed HERE.

Other articles by the ICE on Designing Buildings Wiki can be accessed HERE.

[edit] Related articles on Designing Buildings Wiki

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