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Decoding Digital Transformation in the Construction Industry: Standards Meets Digital at CSI

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Description

Why should digital transformation be a part of your strategy? Standards and best practices help us to organize and set the stage for successful project execution. According to McKinsey and Company, Architecture, Engineering and Construction (A/E/C) companies rank among some of the least digitized businesses. There are many contributing factors including de-centralization, fragmentation of the value chain, uniqueness of individual projects, and the absense of digital standards. Stemming from the large efficiency loss that can occur because information isn't transmitted effectively during handoffs between trades and functions is a major issue, and a significant opportunity. McKinsey suggests several strategies for successful digital transformation in construction: focus on fixing pain points, not installing IT solutions; implement digital use cases that promote collaboration; connect projects to unlock impact across the enterprise. In this session, we will examine how the Construction Specifications Institute is advancing the science of standards and is creating a reliable non-dues revenue stream through the Construction Information Exchange (CIE). Utilizing APIs, Artificial Intelligence, Machine Learning, Blockchain, and the Internet of Things, the CIE platform transforms existing standards and best practices into a digital collaboration platform for construction.

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