The market:

“Within ten years, according to our estimates, full-scale digitalization will lead to huge annual global cost savings. For non-residential construction, those savings will be $0.7 trillion to $1.2 trillion (13% to 21%) in the Design & Engineering and Construction phases; and $0.3 trillion to $0.5 trillion (10% to 17%) in the Operations phase.”

(world Economic Forum, 2016).

“These technologies also enable investors to see value from their large investments much sooner than in the past, resulting in a faster ROI.”

(, 2016)

The problem:

“Unlike other industries, the Engineering and Construction sector has been slow to adopt new technologies, and has certainly never undergone a major transformation. As a result, productivity has stagnated over the last 40 years, or in some cases, even declined.”

The solution:

“The key is digitalization. More and more construction projects are incorporating systems of digital sensors, intelligent machines, mobile devices, and new software applications – increasingly integrated with a central platform of Building Information Modelling (BIM).

The challenge now is to achieve widespread adoption and proper traction. Wherever the new technologies have properly permeated this fragmented industry, the outlook is an almost 20% reduction in total life-cycle costs of a project, as well as substantial improvements in completion time, quality, and safety.”

(world Economic Forum, 2016).