Driving the Future of Construction: Embracing Digital Transformation in 2024
The construction industry is through 2024, experiencing a rapid transformation driven by the integration of advanced digital tools aimed at improving productivity, security, and asset management. Embracing minimal viable processes allows companies to achieve swift improvements without waiting for perfect solutions, while robust cybersecurity frameworks protect crucial data in an increasingly interconnected environment. Digital-twin technology further enhances real-time insights and decision-making, extending asset lifecycles. These strategies align with McKinsey's findings last month, which highlight the industry's shift toward AI, generative AI, robotics, and virtual reality to tackle historically low productivity and enhance long-term outcomes. External investments in construction technology also offer critical resources for these advancements, helping businesses stay competitive in a rapidly evolving sector.
Key questions to consider
Don’t wait for a ‘silver bullet’ — establish a minimal viable process
Embrace a minimal viable process to drive digitization
In the construction industry, waiting for a perfect solution can delay growth and efficiency. David Swan , SVP of Products at Trackunit , emphasizes the importance of empowering teams to adopt a minimal viable process, enabling quick improvements with current technology. By acting now, businesses can see immediate ROI, improve safety, and foster a culture of continuous innovation, without waiting for elusive 'silver bullet' solutions.
‘Put cyber security at the core of your business to reap benefits’
Cybersecurity is essential to protect high-value assets in construction
Digitization has transformed construction, making data security a critical priority, says S?ren Bruncke Mikkelsen , Senior Director of Engineering at Trackunit . From implementing governance frameworks to adopting a zero-trust model, securing assets and systems is essential for protecting against evolving threats. Investing in cybersecurity not only safeguards operations but also provides a competitive edge, ensuring long-term resilience and success.
Simplifying and extending a building's lifecycle with digital-twin technology
Harnessing the power of digital-twin technology to extend building lifecycles
Digital-twin technology is revolutionizing the architecture, engineering, construction, and operations (AEC/O) industry by offering real-time, data-driven insights throughout a building’s lifecycle. By breaking down data silos and embracing building lifecycle intelligence, companies can improve collaboration, performance monitoring, and decision-making. This technology not only enhances efficiency but also drives long-term cost savings and sustainability in the built environment.
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