This report focusses on digital transformation in the Construction sector as enabled by the key technology groups that are the focus of Transforma Insights’ research. These technology groups include:
Clearly not all of these technology groups are directly relevant to the construction industry (for example, Distributed Ledger), but many are very relevant (including IoT, Artificial Intelligence, Autonomous Robotic Systems, and others).
Accordingly, the aim of this document is not to chart the future direction of the Construction industry, but to highlight key areas of change enabled by new and emerging technologies. The bulk of this report (Section 4) is concerned with discussion of these key areas of change, including an overview of each area, together with analysis of the business impact, and the complexity, timings and risk associated with each area. We also identify key enabling technologies for each area (from the list above) and provide summary details of illustrative case studies that are available in Transforma Insights Best Practice & Vendor Selection database.
The purpose of the document is two-fold. Firstly, from the perspective of a practitioner in the Construction industry, the document highlights new and emerging aspects of change that can be expected to impact the industry in the next few years. Secondly, from the perspective of potential vendors to the Construction industry, it highlights key emerging areas of opportunity to sell new products, services, and solutions to the Construction industry. Our analysis of the key technologies that enable each of the identified areas of digital transformation will help vendors of horizontal (technology-specific) capabilities to identify the contexts in which they may be able to secure new business from the Construction sector.
Specific exclusions from the scope of this report include:
The analysis contained in this report draws significantly on Transforma Insights’ Best Practice & Vendor Selection Database, and analysis of the Construction sector Case Studies that are part of the database are included Section 6 of this report.