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When you think about it, the engineering and construction
(E&C) industry lays the groundwork for the world's economy,
helping many other industries to thrive due to increased value
creation through buildings and infrastructure.
Although the E&C industry pulls in annual revenues of nearly
$10 trillion (about 6% of global GDP), out-of-date processes
are just as much a part of the industry as boots and a hard hat.
Some estimate that within ten years, full-scale digitalization in
Heavy Civil construction will lead to annual global cost savings
of $0.7 trillion to $1.2 trillion (13% to 21%) in the engineering
and construction phases and $0.3 trillion to $0.5 trillion (10%
to 17%) in the operations phase.
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The industry is on the brink of a new age, and the transition
to digitalization is changing the way construction companies
plan and execute projects.
$10 TRILLION
E&C industry annual revenue
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NEW IDEAS FOR
A NEW ERA
