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:
“To throw obstacles in the way of a complete education is like putting out the eyes; to deny the rights of property is like cutting off the hands. To refuse political equality is like robbing the ostracized of all self-respect, of credit in the market place, of recompense in the world of work, of a voice in choosing those who make and administer the law, a choice in the jury before whom they are tried, and in the judge who decides their punishment.”
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“As the global expansion of Indian and Chinese restaurants suggests, xenophobia is directed against foreign people, not foreign cultural imports.”
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“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
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