Technology adoption, the opportunities it presents the construction industry and clients it serves is now an industry prerequisite. However, with new mediums providing a constant evolution in how the industry provides it services, the shifting tides in the field of technology within industry present opportunity to embrace the ‘Fourth Industrial Revolution.’

 

Framed against the industries habitually poor productivity record; arguably worsening in recent times, its resistance to change and longstanding industry fragmentation, the need to discover new value whilst uncovering historically unfeasible efficiencies, is imperative for the industry evolution in the digital age.

 

With the confluence of both BIM and Blockchain technologies, a moment of inflection to remodel the very infrastructure on which the industries processes are built is potentially achievable. However, with any new technology comes an implementation challenge, with its feasibility, value and economic viability needing to reach a tipping-point before commercial acceptability is conceivable.

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