Global Market Place
Being competitive in industry is key to survival. AEC industry has been conservative and unionised specially in developed nations. AEC industry is very organised in developed nations but equally unorganised in developing nations. The development/growth in AEC industry have been historically lower compare to other industry. Enterprise resource planning software have not been able to play major role in providing efficiencies very much needed in AEC industry. One of the biggest problems has been losses due to interoperability.In US market alone $15.8 billion is lost due to inefficiencies.
Building Information Modeling (BIM) by NBIMS is expected to provide much needed solution to the problems facing AEC industry. BIM is expected to form DNA of AEC industry. All the activities would be reposited in BIM DNA and every stakeholder will access in realtime the database for quick answers.
This information knowledge base in BIM will evolve globally in all the areas and create efficiencies.The Market gaps will be reduced. Global standards will be established.
Read more about this topic: Engineering Process Outsourcing
Famous quotes containing the words market place, global, market and/or place:
“Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly: “I seek God! I seek God!””
—Friedrich Nietzsche (1844–1900)
“Much of what Mr. Wallace calls his global thinking is, no matter how you slice it, still “globaloney.” Mr. Wallace’s warp of sense and his woof of nonsense is very tricky cloth out of which to cut the pattern of a post-war world.”
—Clare Boothe Luce (1903–1987)
“But the nomads were the terror of all those whom the soil or the advantages of the market had induced to build towns. Agriculture therefore was a religious injunction, because of the perils of the state from nomadism.”
—Ralph Waldo Emerson (1803–1882)
“Great statesmen seem to direct and rule by a sort of power to put themselves in the place of the nation over which they are set, and may thus be said to possess the souls of poets at the same time they display the coarser sense and the more vulgar sagacity of practical men of business.”
—Woodrow Wilson (1856–1924)