Management authority scales construction’s digitization reckoning


Digital technologies such as building information modeling, prefabrication, wireless sensors, automated and robotic equipment, and 3D printing will transform the entire engineering and construction (E&C) industry and its 100 million-plus employees worldwide, according to “Shaping the Future of Construction: Future Scenarios and Implications.” The new World Economic Forum and Boston Consulting Group report cites a potential $1.0 trillion to $1.7 trillion in an annual cost savings tied to a full-scale digitization of the global E&C business.

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