The future of construction will be a fully automated end-to-end design and build process that enables streamlined flow from design to construction, real-time visibility into the construction process, and data-driven construction project management. Find out several methodologies that construction companies need to embrace on this transformational journey.
In the age of the fourth industrial revolution (also known as Industry 4.0), ways of automating the complete design and build process are becoming more and more critical. According to McKinsey, the construction industry is moving towards a manufacturing-like system of mass production, relying on smart technologies, such as Internet of Things (IoT), big data analytics, and cloud computing to conduct end-to-end design and build automation. The use of these techniques could boost the sector’s productivity by five to tenfold. According to research from the Boston Consulting Group , full-scale digitization may help the construction industry save between $1 trillion and $1.7 trillion annually worldwide.