The construction industry continues to lag behind others when it comes to the adoption of digital work practices. How can the Fourth Industrial Revolution become reality without a fully digitized engineering, procurement and construction sector? As the foundation of infrastructure across the world, the construction industry has the opportunity to lead. When global construction leaders start to think digital first, our cities and industries will be propelled into the Industry 4.0 era.
That was why the World Economic Forum, in a recent Shaping the Future of Construction report, encourages construction industry executives to think strategically about the future and take preparatory steps sooner. In the report, several key imperatives are identified, including adopting advanced technology at scale and maximizing the use of data and digital models throughout processes.