Research on Digital Transformation of Construction Industry

ABSTRACT

As one of the pillars that support national economy, construction industry makes remarkable contribution in building our country's economy. However, despite being larger in size, the industry is weak in general and companies often lack core competencies. Meanwhile, COVID-19 has major influence on industry development and social governance such that the traditional extensive management method can no longer satisfy the needs of core business in this new era. Transformation and advancement of construction industry through digitalization is an inevitable trend. This paper first analyzes the current development situation of construction industry and main problems associated with digitalization during the 10 years. We move on to discuss the significance of transforming construction industry through digitalization and propose the concrete pathway to realize the advancement. © ASCE.