New business model of digitisation to save cost and time
Digitisation of the construction industry are transforming construction sites around the world which is estimated to save up to a whopping $1.7 trillion (Dh6.24 trillion) in construction, engineering and design costs globally within the next decade, as per the reports by the World Economic Forum (WEF) in cooperation Boston Consulting Group.
The age of construction and engineering is dramatically changing as builders now have direct control of the development of their designs. The potential impact of this technology is limitless, said Aref Boualwan, manager tasked with business processes re-engineering at Athens-based construction firm Consolidated Contractors Company (CCC).
CCC, which built the Dubai Mall, worked on several other projects in the UAE, has collaborated with Dubai-based Immensa Technology Labs, a 3D-printing company, to create on-demand concrete casting components facilities from a digital warehouse to simplify its supply chain and make it more efficient.
However, as quoted by few experts that the digital technology have begun to emerge in the engineering and construction industry. The government’s receptive attitude towards digitisation may provide a much-needed impetus for greater adoption by developers and contractors. Several new technologies have the potential to positively impact the industry, including advanced engineering design software, mixed and augmented reality, along with building information modelling, computer vision recognition, artificial intelligence-based technologies and big data analytics, said Nour Kassassir, vice-president and business technology services director for Middle East and Africa at construction technology and engineering firm Parsons.
Such technology will drive down costs and increase productivity. Dubai is certainly equipped to benefit from the digital readiness in the construction sector on its own and through related government initiatives. According to Marc Durand, director of digital disruption in the Middle East and Africa, the greatest potential of new construction technologies lies in maximizing the use of data and digital models to increase efficiency through parametric design and automation.