How Trends like Digital Twins and IoT Impact Construction?
The construction industry is one of the biggest sectors of the world economy. Its ecosystem comprises of stakeholders such as the designers, architects, engineers, and construction workers. On any given project having multiple stakeholders, the complexities stem from various functions and stages of the project. Typical challenges faced by AECO projects are - rising construction costs, material procurement delays, budget and time overruns, workforce shortage, health and safety of the workforce, and construction site issues. The volatility of the AEC industry is inevitable. However, the sector can immensely enhance its productivity and efficiency with the help of digital tools and rewiring certain processes on the backbone of technology. Digital transformation is the right step towards achieving faster and more sustainable construction within the estimated time and budget. Digital tools such as Digital Twins paired with IoT can help construction companies get closer to this...