BOULDER, Colo. — (BUSINESS WIRE) — December 10, 2018 — A new report from Navigant Research examines how building information modeling (BIM) adds value to intelligent buildings.

BIM, which has been used since the 1980s under different names and guises, is a collaborative way of using and sharing work products in the architectural, engineering, and construction industries. The essence of this collaboration is documented, accessible, and usable information that enables access to information during each step in a building’s life cycle, from design to demolition. Click to tweet: According to a new report from @NavigantRSRCH, BIM can help accelerate the transformation of buildings into smart, optimized intelligent buildings, as well as advance the development of smart cities, smart infrastructure, and the Energy Cloud.

“The foundation of intelligent building technologies is data and ultimately better information,” says Tom Machinchick, principal research analyst with Navigant Research. “Digitally documenting and integrating all aspects of a building adds value each step of the way.”

According to the report, the most transformative aspect of BIM is in the modeling and application of sophisticated new technologies such as Internet of Things (IoT) and the interconnectivity of a wider range of assets that include city infrastructures, utility grids, transportation networks, and the emerging Energy Cloud. BIM also allows building tenants, city residents, and businesses to be coordinated in a holistic manner to provide value-added services across a wide swath of markets and constituents.

The report, How BIM Adds Value to Intelligent Buildings explores how early BIM adoption drives value through the building life cycle and discusses how it supports the evolution of smart cities and the Energy Cloud. Recommendations are provided for buildings industry stakeholders on how best to realize the value of BIM through the life cycle of the building, as well as reap benefits beyond the building itself. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, How BIM Adds Value to Intelligent Buildings, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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