Take part in the Bentley Systems “State of the Nation” survey –
In the 1987 film “Wall Street” Michael Douglas’ character Gordon Gekko tells us: “The most valuable commodity I know of is information.” A white paper by the Centre for Economics and Business Research in 2012 highlighted that more effective sharing of data within and between organisations can unlock GBP 149 billion of operational efficiencies and GBP 66 billion of new business and innovation opportunities in the UK alone.
By introducing mandatory Building Information Modelling (BIM) Level 2 compliance on all central government procured public projects in 2016, the government established legally binding requirements which are estimated to save a fifth of costs during construction and the lifetime of the asset.
As a result of this digital project information has now become an essential component for winning central Government major projects and construction work. With the public sector accounting for 40% of construction spend, driven by central government as the largest client, the direction of travel is clear:
Businesses involved in major projects and construction must digitise. If they do not, eventually they will die out.
While improving productivity, efficiency and certainty have been huge drivers in the move towards digital adoption – the arrival of COVID-19 has accelerated this process.
As a result of COVID-19, Nelson Phillips, professor of innovation and strategy at London’s Imperial College Business School, raised an interesting point when he said: “I have heard chief executives say they have made five years’ progress on their plans to transform in two months.”
The much-talked about “luxury” of digital transformation has suddenly become essential to roll-out effective remote working for tens of thousands of workers and ensure that planning, design, oversight, and site productivity can continue.
While we believe this is true, we want to find out what is really happening and take the pulse of Major Projects Association members and the wider industry at this pivotal time. With your help we want to create a “State of the Nation” report on going digital in major projects and construction.
We want to find out how much progress firms have made with their digital transformation plans as well as how COVID-19 has influenced them.
By taking this 10-minute survey you can help us understand where our industry is right now and what barriers organisations are facing to digital transformation.
Mark Coates, Bentley Systems