In an industry traditionally hesitant to change, technological advances are rapidly altering the way buildings are constructed and reshaping the industry as a whole. While the construction industry’s record of innovation and adoption of new technologies, tools and approaches has historically lagged behind most other sectors, it is increasingly embracing technology, as reported in this recent Fortune article.
According to “Imagining construction’s digital future,” a report from McKinsey & Company, construction is among the least digitized industries and struggles to embrace revolutionary, new technologies that require up-front investment, even if the benefits are significant in the long run. Fortunately, innovative construction technologies and digitization are beginning to allow the build sector to drastically reduce production time and project costs while improving a project’s overall quality.
As the Fortune article discusses, this shift from the physical to the digital realm is “proving downright revolutionary” for a $10 trillion global industry. Construction companies are beginning to leverage advanced technologies like artificial intelligence, cloud-based data analytics and mobile computing to drive efficiency and boost margins.
At Prescient, we are embracing digital construction technologies in order to provide our customers with building solutions that are faster, better, greener and cheaper.
Some credit for sparking this digital shift goes to Autodesk for pushing into building information modeling (BIM). According to the software company, BIM is an intelligent 3D model-based process that gives architecture, engineering and construction (AEC) professionals the insight and tools to more efficiently plan, design, construct and manage buildings and infrastructure.
Before BIM, architectural drawings informed builders what a finished structure should look like but these designs did not detail how it should be built. This technique created a disconnect that, for decades, forced builders to work through time-consuming construction modifications on the job site. In fact, by some accounts, construction projects regularly lose up to a third of their value to waste.
With Prescient’s BIM platform, every stakeholder in the construction process can now consider more than just a design’s geometry. Today, BIM encompasses geographic information, spatial dimensions and their relationships with each other and augments this information with time and cost dimensions.
Advances in BIM technology allow the structure and engineering details that will eventually be built on site to be captured in a fully detailed, 3D virtual model during the earliest stages of the design process. This helps leading-edge construction technology companies see their projects as a connected network of people, ideas, resources and products converging on a single site. Prescient’s advanced digital technologies are delivering comprehensive multidisciplinary 3D building models that enable architects, engineers and contractors to seamlessly collaborate.
Prescient’s proprietary Digital Thread automates the creation of the BIM model, which enables more efficient upfront design, earlier access to hard pricing and far fewer revisions on the job site — all of which ultimately save time and money. All solutions used in the Prescient system software support the ‘Design for Manufacturing’ concept, optimizing the components’ geometry to drive greater manufacturing efficiency and lower costs. By tying the entire construction process together with our unique Digital Thread, the grid-based Prescient system results in an efficient and expedited layout, design and system coordination, allowing the structure and engineering details built on site to be captured in a fully detailed, 3D virtual model as early as possible. As a result, companies using this system are building high-quality structures with more predictable and less costly outcomes.
“The construction industry’s ongoing digitization has the potential to reshape not just an industry but also the entire built world,” according to the Fortune piece, and we couldn’t agree more. At Prescient, we are proud to be on the leading edge of innovation, providing the digital tools and technologies necessary to propel the entire construction industry into the future.