Climate change is the most pressing issue of our lifetime...
In February 2018, Canadian Prime Minister Justin Trudeau told the World Economic Forum: “The pace of change has never been this fast, yet it will never be this slow again”. The COVID-19 pandemic has accelerated that pace of change, demanding rapid and far-reaching social and economic adaptations – and construction has not been immune.
With little prospect of a return to a pre-COVID normality, how must industries such as construction adapt to survive and thrive?
While there remains no agreed universal definition, our exploration of digital engineering has led us to the conclusion that it is not just the uptake of new technologies but, instead, the concerted effort to use smart technologies to unlock greater value across the entire lifecycle of a capital asset.
Accordingly, this report examines digital engineering throughout the project lifecycle to provide insight into the technologies and advanced processes set to be the most transformative, including digital twins, BIM, and modular construction.
Ultimately, by setting the foundations for how we can advance our approach to digital engineering, the industry can unite behind an agreed method of advancement, resolving the fragmented nature of the industry and offering a more holistic alternative to how it operates.
Of all the industries, construction continues to have the most significant impact globally; even beyond the built environment, its reach spans the economy, technology, the environment, and our individual lives. With so many layers and such magnitude, transformation and responsiveness can often be slow. So, in light of the current climate, how does the industry come together to respond and build continued resilience?
Technology will, of course, play a huge role in this. The introduction of new technologies and tools has undoubtedly altered the nature of projects we are seeing and how these projects are approached. And, with the global spread of COVID-19 and the developing economic fallout, there is a good chance that the answer to mitigating the impact of the virus and supporting business continuity will lie here.
Digital engineering and a drive to build better were perceptible across all of our regions of interest, and this report seeks to demonstrate that the industry already has the tools to ensure its resilience. The construction sector already has a culture of modeling and analyzing data, and these skills are transferable. Furthermore, the lessons learned from our neighbors and data captured could provide a starting point for establishing a flexible and pragmatic operating model in the coming months.
Ultimately, this report provides a snapshot of the future trends shaping the industry, the opportunities and issues it faces in 2020 and exemplifies the virtues of a regionally engaged and globally responsive approach.
Tags: UK/Europe, APAC, North America, India/MENA, Building Resilience, The Built Environment, 2020 Report, Sustainability and resilience, Future trends in constructions, Issues facing construction industry 2020