- 66% of construction companies say digital transformation is a key priority to drive much needed changes to processes, business models and ecosystems
- Digital transformation to address the top industry challenge of completing projects on time and on budget
Autodesk, Inc. (NASDAQ: ADSK) today announced the publication of an International Data Corporation (IDC) InfoBrief, “Digital Transformation: The Future of Connected Construction.”
Sponsored by Autodesk, the IDC InfoBrief – a survey of 835 construction professionals from large construction companies in countries across Europe, the Americas and Asia Pacific – assesses the construction industry’s digital transformation (DX) maturity and challenges.
In India, only 3% are further along in their DX journeys, with most companies (72%) in the early stages of digital maturity.
Overall, Europe and the Americas score higher than the Asia Pacific region in terms of digital maturity. In Asia Pacific, Japan is the most digitally mature country, while China and India are the least mature.
Construction Companies in India are Prioritizing Digital Transformation
According to the survey, 66% of construction companies in India are prioritizing digital transformation. While the majority of the country’s construction companies are at the early stages of digitalization, the industry anticipates acceleration in digital transformation (DX). To respond to local demand, India construction companies are quickly learning best practices from their peers in more developed markets, which includes knowledge of technologies such as Building Information Modelling (BIM) and its benefits.
Almost one-fifth of India’s construction companies cited completing projects on time and on budget as a top industry concern, followed by workforce safety and effectively managing risk. As a result, project management, enterprise resource planning (ERP) and client relationship management (CRM) have been identified as the top planned software investments.
“Completing projects on time and on budget remains one of the biggest challenges of the Indian construction sector. Digitisation of construction can not only help in efficient project management, but in the process also boost profits and lead to more sustainable outcomes,” said Sunil MK, Head of Architecture, Engineering and Construction business at Autodesk India & SAARC.
“In India, prominent organisations such as Airport Authority of India, Delhi Metro, ITC, Oberoi Realty, Bangalore International Airport Limited, CPWD among others have already mandated digital technologies such as BIM for their projects. Digital transformation of the construction sector can be further accelerated by a proactive recommendation from the government to use 3D digital construction solutions. Many governments worldwide have already advocated BIM and in India too the government can evaluate the benefits of digital construction and advocate its use for signature projects in the country.”
Unlocking “Digital Deadlocks” Can Help Achieve Competitive Advantage
Construction companies in India are still struggling to unlock the full potential of digitization, and cited the following as their top three ‘digital deadlocks’ on their journey to DX maturity:
- Development of digital capabilities and skills across the organization – almost half (47%) of all construction companies in India indicated this was their top DX challenge.
- Creation of a strategic roadmap for digital investments. Nearly 42% of Indian companies highlighted the challenge of creating a single enterprise-wide technology roadmap to prioritise industry use cases and investments.
- Building the right organizational structure – 41% of companies find it challenging to build the right organisation structure embedding digital in the business.
Unlocking these “digital deadlocks” can help organizations mature and progress along their DX journey, moving past the early and mid-level stages into the most mature stages, where digitization is central to the way the company works and delivers a competitive advantage in the market.