Innovation and digitalization in construction: new opportunities and challenges for investors and businesses

The article discusses the features of innovation and the possibilities of digitalization, which are extremely important for investors and enterprises. As the authors point out, the construction industry resists technological changes and produces a large amount of useless energy; “green” innovations...

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Main Authors: Khonchev Mikhail, Garbuzova Taisiya, Kokhreidze Murman, Osin Roman
Format: Article
Language:English
Published: EDP Sciences 2024-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2024/45/e3sconf_tt21c-2024_03005.pdf
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author Khonchev Mikhail
Garbuzova Taisiya
Kokhreidze Murman
Osin Roman
author_facet Khonchev Mikhail
Garbuzova Taisiya
Kokhreidze Murman
Osin Roman
author_sort Khonchev Mikhail
collection DOAJ
description The article discusses the features of innovation and the possibilities of digitalization, which are extremely important for investors and enterprises. As the authors point out, the construction industry resists technological changes and produces a large amount of useless energy; “green” innovations should compensate for these shortcomings. The emergence of new and powerful digital transformations has provided the construction industry with a lot of opportunities. Along with the industrial revolution and the modernization of technology, all industries are changing their traditional ways of working and managing. However, the developing construction industry is lagging far behind this technological transformation. Traditional methods of design and operation have become obstacles in the process of its transformation. The construction industry has played an indispensable role in the economic growth of countries over the past decades, but now it must keep up with the times. Recently, industrial enterprises have begun to introduce new concepts, such as digital construction and parametric design. However, there is still no assessment of the effectiveness of digital reform at construction enterprises.
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spelling doaj.art-cdabfe924c7a464e9781ebd550c277122024-04-17T09:12:18ZengEDP SciencesE3S Web of Conferences2267-12422024-01-015150300510.1051/e3sconf/202451503005e3sconf_tt21c-2024_03005Innovation and digitalization in construction: new opportunities and challenges for investors and businessesKhonchev Mikhail0Garbuzova Taisiya1Kokhreidze Murman2Osin Roman3Financial University under the Government of the Russian FederationSt. Petersburg State Forest Technical University named after S.M. KirovNational Research Moscow State University of Civil EngineeringPenza State UniversityThe article discusses the features of innovation and the possibilities of digitalization, which are extremely important for investors and enterprises. As the authors point out, the construction industry resists technological changes and produces a large amount of useless energy; “green” innovations should compensate for these shortcomings. The emergence of new and powerful digital transformations has provided the construction industry with a lot of opportunities. Along with the industrial revolution and the modernization of technology, all industries are changing their traditional ways of working and managing. However, the developing construction industry is lagging far behind this technological transformation. Traditional methods of design and operation have become obstacles in the process of its transformation. The construction industry has played an indispensable role in the economic growth of countries over the past decades, but now it must keep up with the times. Recently, industrial enterprises have begun to introduce new concepts, such as digital construction and parametric design. However, there is still no assessment of the effectiveness of digital reform at construction enterprises.https://www.e3s-conferences.org/articles/e3sconf/pdf/2024/45/e3sconf_tt21c-2024_03005.pdf
spellingShingle Khonchev Mikhail
Garbuzova Taisiya
Kokhreidze Murman
Osin Roman
Innovation and digitalization in construction: new opportunities and challenges for investors and businesses
E3S Web of Conferences
title Innovation and digitalization in construction: new opportunities and challenges for investors and businesses
title_full Innovation and digitalization in construction: new opportunities and challenges for investors and businesses
title_fullStr Innovation and digitalization in construction: new opportunities and challenges for investors and businesses
title_full_unstemmed Innovation and digitalization in construction: new opportunities and challenges for investors and businesses
title_short Innovation and digitalization in construction: new opportunities and challenges for investors and businesses
title_sort innovation and digitalization in construction new opportunities and challenges for investors and businesses
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2024/45/e3sconf_tt21c-2024_03005.pdf
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AT kokhreidzemurman innovationanddigitalizationinconstructionnewopportunitiesandchallengesforinvestorsandbusinesses
AT osinroman innovationanddigitalizationinconstructionnewopportunitiesandchallengesforinvestorsandbusinesses