STUTTGART, Germany, Oct. 13, 2020 /PRNewswire-PRWeb/ -- COVID-19 has accelerated the need for digital transformation of the construction industry. Digitalization and digital connectivity have never been as critical as they are today. It has become the lifeblood of businesses looking to support people as they work from home and collaborate online, and it is vital that these technologies keep improving. How construction companies can leverage digital technologies to tackle the challenges and stay ahead of the curve?

RIB Software SE has developed a White Paper on "How MTWO Complete Construction Cloud helps construction businesses to perform digital transformation by adopting one integrated cloud platform." The article explores what is the new normal of construction, why an integrated cloud platform can help AEC companies navigate the new circumstances and how AEC companies can kick start the digital transformation journey by adopting one integrated cloud platform.

The new normal of construction is digital

The construction industry employs about 7% of the world's working-age population and is one of the world economy's largest sectors, yet this sector has been far slower than other industries in adopting and adapting to new technology, causing its labor productivity to stagnate. Despite the fact that a plethora of digital technology platforms already exist and have been supporting forward-thinking construction firms to handle complex challenges, this industry has been somewhat resistant to new thinking, new ways of working, and new technologies.

COVID-19 has significantly impacted this industry in several ways, including project delays, productivity loss, supply chain disruptions and more. These impacts have accelerated the need for digital transformation of this industry. Digitalization and digital connectivity have never been as critical as they are today. It has become the lifeblood of businesses looking to support people as they work from home and collaborate online, and it is vital that these technologies keep improving.

Connectivity has never been as vital as it is today

Some enterprises claim that they are 'digitalized', yet they still suffer collaboration issues; the main issue being that several systems are not integrated with one another yet are being used simultaneously across an organization, causing data to be dispersed across multiple sources. This in turn makes it cumbersome to increase overall productivity. A great deal of construction data remains unstructured and unused due to outdated processes or using tools that are not integrated.

Intelligence and automation is the future

AI has been a driving force in identifying patterns in data to automate processes and uncover insights. The construction industry is one of the main economic sectors where robotics and automated systems have the potential to address inefficiencies and low productivity. Artificial Intelligence in the global construction market is forecasted to reach USD $4.51 Billion by 2026, according to a new report by Reports and Data. The construction industry is turning to technology solutions that utilize artificial intelligence to solve significant and longstanding challenges.

Hence, forward-thinking firms in the industry should implement practical solutions to stay connected, increase their efficiency, improve productivity, and ensure long-term competitiveness. Such solutions should prioritize connecting people, data and processes; such as a single cloud platform where enterprise-wide teams' collaboration is made easy. The continuity of data between different teams and different partners is ensured, and participants have unfettered access to accurate and consistent data. This platform should also be open and can easily be integrated with other software solutions to connect teams, unify data and standardize processes.

MTWO Complete Construction Cloud

MTWO Complete Construction Cloud is an integrated 5D BIM enterprise cloud platform for contractors, asset owners and developers to accelerate their digital transformation journey. It helps AEC companies move away from digitalization with the 'tool thinking mindset' into a 'platform thinking' one. It enables all teams on construction projects to perform their day-to-day work and collaborate throughout the project lifecycle in the same platform.

The connectivity and consistency between different work areas is one of the key values of the platform. All participants work within the same database, all data is stored in one place, and all processes are connected. Comprehensive project reports are generated quickly and easily, and you own the data to develop artificial intelligence that can optimize your processes and keep you ahead of the competition.

Platform Technology

The highly fragmented construction industry needs platform technology. It is only when all business-units and projects have unified workflows and processes that the real value of enterprise digitalization can be unlocked. MTWO is the only complete cloud platform on the market that offers the advanced functionalities and technologies needed to support modern construction projects and enterprise digitalization. It's not an additional tool, it's an integrated platform that combines all your processes into one interface. Different areas of work can communicate and interact freely with each other, allowing each project role to work within the same package and interface while knowing the connection and influence of one section's data upon others. This supports enhanced collaboration and helps to rapidly improve productivity. The platform can be further extended by adding more applications with open APIs, leveraging the most up-to-date technologies to create better outcomes.

Intelligence and Automation

MTWO supports smart analytics, data-driven decision making and construction workflow and processes automation through innovations such as Cloud, Big Data, Business Intelligence and Artificial Intelligence. It turns data into actionable insights, predicts development trends and detects risks and performance anomalies. It makes your construction management more data-driven by enabling everyone to access real-time project information. Your workflows and processes can be simplified and automated by AI algorithms and machine learning data analysis, providing precise predictions, forecasts and insights for the entire project lifecycle.

Advanced 5D BIM Support

BIM is one of the most valuable processes for visualizing structured construction information digitally. It can be helpful in keeping up with your defined goals in a verifiable way, if construction and operation phases are included. This is what MTWO focuses on; it integrates construction planning, building and operation with 5D BIM. In this way, you will make time and quality gains in execution planning and construction for your projects. The visual BIM models create a lifelike demonstration of building processes for everyone involved in the planning, execution and operation phases. Within MTWO, BIM can help to optimize planning and better control budgets and deadlines in the execution and operation phases with constant, real-time comparison of target and actual costs and schedules.

Download the White Paper from this link https://www.mtwocloud.com/white-paper-download to find out more about how MTWO Complete Construction Cloud helps construction businesses to perform digital transformation by adopting one integrated cloud platform.

For more information, please visit https://www.mtwocloud.com
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SOURCE RIB Software