Digital Transformation

5 practices to enable Construction companies capture value in digital transformation

5 practices to enable Construction companies capture value in digital transformation

To counter the characteristics that make digital transformation particularly challenging in the Construction industry. Construction companies must be thoughtful in the ways they approach their digital transformations. Adopting the following five practices will increase the likelihood of success and enable companies to capture greater value from digital. Focus on fixing pain points, not installing ... »

4 Reasons Why Construction is stuck in the analog era

4 Reasons Why Construction is stuck in the analog era

Outside individual major projects, few Construction companies have fully digitized their operations. They aren’t alone. Companies in all industries report that digital transformations often fall short of expectations. In one McKinsey survey, just 16 percent of respondents said their organizations’ digital transformations had delivered sustainable performance improvements. Common challenges include... »

5 Tools Government can use to accelerate digital adoption in the construction industry

5 Tools Government can use to accelerate digital adoption in the construction industry

Using technologies to boost construction productivity can have a profound impact on public and private spending. In the United States alone, expenditures on construction reached $1.29 trillion in 2018, after rising an average of 7.4 percent annually over the previous five years.[rml_read_more] »

THE CONSTRUCTION SECTOR HAS BEEN SLOW TO ADOPT DIGITAL TECHNOLOGIES

THE CONSTRUCTION SECTOR HAS BEEN SLOW TO ADOPT DIGITAL TECHNOLOGIES

Builders have traditionally been at the forefront of innovation. Each generation of structures, from ancient pyramids to 20th-century skyscrapers, arises from more-sophisticated construction techniques.     However, over the past 20 years, the industry has fallen behind companies in other sectors; companies ranging from government to manufacturing have significantly reduced costs and schedules by ... »

DIGITAL TRANSFORMATION IS KEY TO RADICAL ECONOMIC TRANSFORMATION IN THE CONSTRUCTION INDUSTRY

DIGITAL TRANSFORMATION IS KEY TO RADICAL ECONOMIC TRANSFORMATION IN THE CONSTRUCTION INDUSTRY

Digital Transformation is the change associated with the application of digital technology in all aspects of human society. The transformation stage means that digital usages inherently enable new types of innovation and creativity in a particular domain, rather than simply enhance and support traditional methods.   According to the Mckinsey report Navigating the digital future: Productivity in th... »