Three stocks that benefit from digitization in construction

Virtual reality

Digitization in the construction industry is progressing, not at an early stage, but with urgency.

(Photo: picture alliance / Westend61)

Cologne The current trend affecting architects, planners, investors, industry and trade representatives was easy to observe at BAU 2023 in Munich. The central focus of the so-called “world’s leading trade fair” in Munich was the topic of transformation.

Digital working methods should improve the cooperation of all those involved, optimize data consistency in the planning process and material procurement as well as construction time and costs. Advancing digitization also promises new opportunities for investors. But what is it exactly?

The change in the industry can be well described by a new key technology that is hidden behind the term Building Information Modeling (BIM). Software creates the digital twin of a real building, which everyone involved can access in the further process in order to avoid errors and save material, time and costs.

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