| | September 20159CIOReviewclients based on outcomes, rather than on price or even value.Disruptions will Create a New Era of CompetitionThese three disruptions are creating a new age of rivalry. Access to unlimited processing power can help solve the most complex problems effortlessly: seamless connection of talent, across geographies and commercial interfaces, to get the best ideas; intelligent digital connectivity within and between assets to deliver better outcomes; and freer access to capital, from reduced risk and alternative funding. These capabilities will be available to any company, regardless of type, size, or location. The barriers to access will be low. Your Role in all of ThisIn all likelihood, you have heard of Virtual Design and Construction (VDC) and Building Information Modeling (BIM), but if your firm isn't adopting these building approaches on all of your projects you are behind the eight ball. In this new era of connection (and competition), there is no room for a wait-and-see approach. BIM is the foundation for success, with tightly connected "design to build to own" processes across the lifecycle. A recent Economist Intelligence Unit report, Rethinking Productivity across the Construction Industry: The Challenge of Change, made a few bold statements of their own about VDC and BIM. Here is one example: "If companies want to remain competitive, they have no choice but to incorporate these technologies and strategies into their project-planning and delivery process." All across the world, governments are starting to mandate the use of VDC/BIM on projects and the percentage of construction firms expected to adopt a VDC/BIM process is on the rise.It's Not too Late, but You are Cutting it CloseIf you are still just dipping your toe in the BIM waters, it is time to step off the diving board. BIM is the conduit to success in the era of connection. It puts the digital model at the center of all activities, showering construction firms with benefits across the board; in 2013, contractors cited everything from reduced errors and omissions to better cost control and predictability (see McGraw-Hill graphic). BIM adoption is still in its early stages, and the time to adopt is now. In fact, that same Economist Intelligence Unit report revealed that early adopters of these approaches have a clear advantage over their competitors. This is a historic time for construction and technology. In your position as CIO, you have the unique ability to significantly impact how your company takes advantage of these opportunities. Eventually these disruptions will become the norm, and construction firms that jumped ahead of them will be just that--ahead. Some on your leadership team may be resistant to the type of change successful BIM adoption necessitates. It will be your job to help drive this change and to increase adoption to use on all projects. If you are still just dipping your toe in the BIM waters, it is time to step off the diving boardJeff BrzyckiContractors Citing BIM Benefits as Among Top Three for Their CompanyReduced Errors and OmissionsSource: McGraw Hill Construction, 2013Collaborating With Owners/Design FirmsEnhancing Your Organization's ImageReducing ReworkReducing Construction CostBetter Cost Control/PredictabilityReducing Overall Project DurationMarketing New Business19%19%21%23%31%32%35%41%
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