Innovation in the digital sphere is on everybody’s minds, but how can you make it work for you? And where do you start?
Statistics tell us that 92 percent of engineering and construction organisations spend less than four percent of their budget on digital research and development. It is clear that for too long spending on technology has been lower in the sector than in other industries. And for the architecture, engineering and construction (AEC) industry to keep abreast of the disruption that is impacting industries in every sector across the globe, this has to change.
But while the term ‘digital transformation’ has become increasingly ubiquitous, what does it actually mean in a practical sense? Gartner has defined it as “anything from IT modernisation (e.g. cloud computing) via digital optimisation to the invention of new digital business models”.
Understanding its implications is particularly important for the AEC industry because we can see once infallible firms going under, all while client expectations head ever upward.
With the demand for solutions that are ever faster, ever cheaper and always of a higher standard, AEC firms need all the help they can get. Technology is helping to address these challenges by identifying new ways of working that can bring real value to organisations. Yet many businesses are still reluctant to take that first step.
They should remember, however, that change has two faces and the other side of challenge is opportunity. Accordingly, in this space it helps to divide transformation processes and goals into two pillars:
The time is now
Don’t wait for ideal conditions; they will never arrive. Begin your organisation’s journey to digital transformation today with these simple but essential steps.
To download Deltek’s full report, ‘Digital Transformation in Architecture, Engineering and Construction – 5 Steps to Success’, click here.