The construction industry is undergoing a technological revolution thanks to major breakthroughs in technology that’s made it possible for virtual design and construction (VDC) to become a central part of the construction process. From Building Information Modeling to advanced Construction Management Software, these innovations are reshaping the way structures are conceived and built. VDC involves leveraging virtual environments to engineer and visualize construction projects before they become a physical reality. Working in a virtual realm gives architects and engineers several advantages chief among them being accessibility. Professionals can work with desktops, mobile devices and augmented or virtual reality hardware. With an estimated 30% of construction costs attributed to reworks of faulty builds, VDC becomes a game-changer by enabling builders to simulate and perfect structures virtually before breaking ground. At the forefront of VDC tools is Building Information Modeling (BIM), valued at approximately $8.1 billion in 2023, which enables people to build virtual models of any kind of physical structure to a high degree of precision. BIM also serves as a proactive measure against errors and reworks.
While the construction industry faced challenges during the pandemic, we’re already seeing the sector prepare for an upcoming boom with North America expected to take center stage by taking over 30% of the sector. McKinsey reports a noteworthy 60-70% adoption rate for BIM technology. It might have taken 35 years, but the trend is only intensifying as we can see from data from the last decade. Acceleration is on the cards. NBS's 2020 BIM Report reveals a remarkable shift with 73% of respondents utilizing BIM in 2020, compared to nearly half being unaware of it in 2011. The result of all of this – construction firms are able to adhere to budgets and streamline construction schedules.