BST Global’s report on the State of the AEC Project Lifecycle showed that the Architectural, Engineering, and Construction (AEC) sector is still accumulating data through all phases of its operations, but is remaining incredibly inefficient at processing — and getting the benefits of — this data. While project documentation is on the rise, many firms are still using old-school strategies such as paper spreadsheets to track work, leading to increased operational inefficiencies as well as reduced project success.
Architecture, Engineering, and Construction (AEC) companies are facing a decision: How to proceed forward in an economy where efficiency, cost management, and risk management are key? Historically, the AEC industry suffers from inefficiencies and difficulties founded in miscommunication as they deal with siloed departments and offices that use various systems to support daily functions. This produces a number of problems that have a direct impact on bottom lines, including: