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AECO industry outlook

AECO Industry Outlook: The Race to Digital Maturity

The last few years in the AECO industry have been shaped by uncertainty. Disruption and new working patterns have put digital transformation on everyone’s agenda, with the adoption of the cloud, BIM, and digital tools accelerating significantly.

Already, signs point to that investment paying off.

The 2024 Design & Make Report has shown that digitally mature businesses are 34% more likely to experience ‘above average’ or ‘exceptional’ performance than their less mature peers.

However, it’s an oversimplification to attribute this purely to taking on new tools.

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What truly marks digitally mature businesses is having a comprehensive understanding of their data’s journey, making them capable of ensuring smooth and effective workflows. Stepping back to rationalize software stacks is one of the clearest ways AEC firms and operators can enhance productivity right now.

Results from new software may not come immediately–but firms that focus on process optimization will reach its potential fastest. You can then be better positioned to capture a more significant slice of industry investment.

The era of digital project delivery

Digital transformation in the AECO industry is not established by the use of digital tools alone. It’s something more fundamental—the creation of a single thread through projects that connects decision makers and stakeholders.

Ideally, everyone on a project should have access to a centralized source of truth and be able to contribute from wherever they are—without the risk of introducing errors or duplicating effort. This is the principle behind cloud-based common data environments (CDEs).

A CDE is a central repository where you can store and access project information, from CAD drawings to BIM data, along with revisions and change orders. It serves as a knowledge hub for decisionmaking, cataloging project decisions and helping you implement continuous learning and long-term efficiency.

The use of a CDE acts as a foundation from which you can grow and build an interconnected ecosystem of advanced software–and achieve true digitization of project delivery. All stakeholders can coordinate safe in the knowledge that they are working on the same drawings and models, with all changes and comments visible in real-time, elevating build quality and productivity.

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