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Possibilities Of Digitization In Construction During The Building Life Cycle

Author

Listed:
  • Zbynek Skoda

    (1Czech Technical University in Prague, Faculty of Civil Engineering)

Abstract

The object of this paper is to figure out the possibilities of digitization in the construction industry and whether the digitization is beneficial. Construction industry has a share 6% of world GDP and is therefore the cornerstone of the world economy. However, compared with other industries, almost all of them are investing more into digitization than the construction sector. Fewer investments in digitization are just in the agriculture and hunting sectors. The author of this paper would like to point out what digitization possibilities can be used in construction industry to reduce construction costs, more accurately control construction and reduce operate costs.

Suggested Citation

  • Zbynek Skoda, 2019. "Possibilities Of Digitization In Construction During The Building Life Cycle," Proceedings of Business and Management Conferences 8512234, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:ibmpro:8512234
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    File URL: https://iises.net/proceedings/9th-business-management-conference-prague/table-of-content/detail?cid=85&iid=008&rid=12234
    File Function: First version, 2019
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    Cited by:

    1. Zdenko Stacho & Katarina Stachova & Michal Lukac & Vaclav Kupec & Nadezda Petru, 2023. "Management Reflections on Innovations in Digitalization, with an Emphasis on Degree of Work Autonomy," E&M Economics and Management, Technical University of Liberec, Faculty of Economics, vol. 26(1), pages 78-93, March.

    More about this item

    Keywords

    BIM (Building Information Modeling); innovation; life cycle cost;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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