Excerpted from the keynote address, “Strategic Business Transformation for the Building & Construction Industry,” delivered to the BIM-MEP AUS Construction Innovation 2016 Forum on August 4, 2016 in Sydney, Australia.
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John Stokoe, CB, CBE, Head of Strategy EuroNorth, Dassault Systèmes
The fourth industrial revolution – the Digital Age – is creating the drivers to transform the Construction Industry as it seeks to exploit the significant advantages to be derived from the effective and efficient use and management of data.
Industry-leading technology, developed for other sectors, is exponentially improving value and efficiency, and can be employed to propel Construction into the digital age.
This impacts not only the Construction Industry but also the logistic supply chains which support it, improving capability and skills, and contributing to the economies and construction potential of the countries involved.
The considerable amount of data which is created during the design, development, construction and utilization of the built asset, if properly configured and integrated, can be harnessed to drive value, cut costs and waste, and used to create a digital asset. This data-driven digital equivalent, when used by the end customer, can provide a dynamic platform on which to manage legacy, sustain the present and plan the future.
