Your Guide to a Smoother More Streamlined Digital Transformation in AEC
Building is an act almost as old as time. Yet, in our new world, those in charge of designing, constructing and engineering buildings face new problems.
Architecture, engineering and construction (AEC) firms are under significant pressure to balance thin margins with ever-growing customer expectations. To address these challenges, many AEC firms are pursuing digital transformation projects to innovate, grow and outmanoeuvre the competition.
But while the will is there, the resources, executive buy-in and opportunity needed to digitally transform can be hard to find. Forward-thinking firms need a way to overcome these issues if they want to deliver successful transformation and thrive over the long term.
In this blog, we’ll explore why AEC firms face such a pressing need for digital transformation, why it can be so difficult to get started, and how you can set your organisation up for digital transformation success.
AEC brought to the tipping point
AEC firms are in an unusual place today, facing pressures from multiple angles.
On one hand, rising customer expectations are pushing for projects to be delivered faster, cheaper and to an ever-higher standard. On the other, market pressures have corroded margins to the point where even the most prestigious firms are taking unprofitable jobs just to fill the books.
Digital transformation offers a panacea to both ills. Those that can achieve it successfully will rise above the challenges, while those that continue operating as before will likely fall behind their digitally-savvy competitors.
The first challenging steps to digital transformation
Digital transformation is a powerful solution to a range of problems—but it’s potentially a costly, disruptive cure. Many firms will agree that it’s a necessary investment to secure future success and stability. But many more find they can’t bring their digital transformation plans out of the boardroom and into practice.
Part of this is due to the culture within the AEC industries. Unless customers and clients show they want to work for digitally transformed suppliers, there isn’t much incentive for firms to change their ways.
There’s also a broad lack of investment in digital technologies across the industry. As explained by Deloitte in their article, 'Technology budgets: From value preservation to value creation', the average construction firm is spending just 1.51% of its revenue on IT. Without the existing infrastructure, resources and executive support for digital systems in place, AEC firms have catching up to do before they’re ready to develop and implement all-new IT systems.
Digital Transformation Guide
Find your feet with our AEC digital transformation guide
Dealing with the dual challenges of limited budgets and cultural resistance is no easy feat. But it’s a challenge you must overcome to digitally transform and secure your future.
While the task may seem daunting, there’s help at hand. In our guide, Digital Transformation in Architecture, Engineering and Construction: 5 Steps to Success, you can find the practical steps that will help you get started on your digital transformation journey.
- The importance of carefully evaluating your business today to deliver a successful transformation tomorrow
- How to start small and scale up to ensure project success
- Strategies to help you deliver the technical and cultural change that leads to successful digital transformation
- Agency Workflow
- Architecture & Engineering Firms
- Business Intelligence
- Change Management
- Cloud ERP
- Consulting Firms
- Deltek Customers
- Financial Management
- Job Costing
- Legal Sector
- Marketing & PR Agencies
- People and Culture
- Professional Services Automation
- Professional Services Industry
- Project Information Management
- Project Management
- Resource Planning
- Scheduling And Planning
- Talent Management
- Time and Expenses
- Transformational Trends