Every day, around the world, more than 200,000 people are moving into cities. To support this influx, cities need to build. Yet, only 25 percent of the infrastructure we’ll need in 2050 exists today. As a result, the architecture, engineering and construction (AEC) industry is projected to grow at a rapid pace—around 3 percent per year through 2021.
However, profitability and margins in the industry continue to be low. Earnings before interest and tax (EBIT) from construction activities is on an average just 5 percent of sales. This is primarily because global trends such as increased competition, urbanization, and limited natural resources, as well as pervasive challenges such as talent access and engagement, tend to make AEC projects complex to manage and execute. To meet demand and improve the bottom line for construction projects, firms might now consider industrializing construction. What does this mean? It means digital transformation at a level that can allow builders to seamlessly connect construction, assets, suppliers, and contractors; automate processes; and synchronize equipment, labor, and supply chains.
Digital technologies such as Autodesk BIM tools have the potential to transform this industry and help imagine, create, and build the spaces, structures, and cities of tomorrow. Specifically, connected construction technology enhance how companies deliver construction and infrastructure projects, drive down costs, and improve overall project execution and timeliness. Using connected construction tools, such as real-time data project analytics, predictive maintenance and automation, companies can now create smart, connected job sites of the future. Connected construction makes assets work smarter, reduce downtime through proactive monitoring, optimize asset utilization and efficiency, gain visibility and predictive actionable insights, and trigger automated business processes.
Contact us at 201-792-6300 to examine how Autodesk’s AEC and BIM tools will help you work smarter and more profitably or email us at email@example.com