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:
“I refuse to be. In
the madhouse of the inhuman
I refuse to live.
With the wolves of the market place
I refuse to howl ...”
—Marina Tsvetaeva (1892–1941)
“As the global expansion of Indian and Chinese restaurants suggests, xenophobia is directed against foreign people, not foreign cultural imports.”
—Eric J. Hobsbawm (b. 1917)
“Writing ought either to be the manufacture of stories for which there is a market demand—a business as safe and commendable as making soap or breakfast foods—or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”
—Willa Cather (1876–1947)
“In spring more mortal singers than belong
To any one place cover us with song.
Thrush, bluebird, blackbird, sparrow, and robin throng....”
—Robert Frost (1874–1963)