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[rdttech]

BIM and Asset Management – Things You Should Know

Our construction market has actually been witnessing the large benefits of Building Information Modeling (BIM).

There's an increase in awareness concerning exactly how 3D BIM models allow far better collaboration, boosted visualization, far better possession preparation, and also effective time and price management for brand-new building and construction as well as remodelling/upgradation jobs alike.

Nevertheless, after any project completion, the primary worry is the procedure and upkeep of the structure and also its built-in assets. This makes Asset management an important technique in the building industry.

What is Asset Management ?

Asset management is the administration of daily operation, upkeep, and also fixing of each asset in a building. In the building and construction sector, we may view BIM as well as possession administration as independent techniques. Yet they have a straight correlation. The harmony between both can assist with structured maintenance while minimizing economic expenses.

Challenges in Asset Management without BIM

Without BIM, there will certainly be no organized information for asset monitoring. Possession information from the building and construction stage cannot be drawn out. This likewise interferes with the identification and location of concealed possessions. How does BIM facilitate Asset Management?

BIM uses structured information management for all phases of the construction lifecycle. Its shared model can look at data around planning, designing, installation, commissioning, as well as related facets of a property. Upon task conclusion, the electronic handover of BIM details versions to asset administration systems can equip possession owners with details concerning possession performance, upkeep, and also safety and security.

Benefits of combining BIM and Asset Management

Managing Information becomes Easy!

When BIM and asset management data sources are linked, details administration becomes seamless. BIM renders itself for the development of the 'digital twin' of the physical property hence, making asset location simpler. It additionally provides exact real-time info across property categories. BIM acts as a storehouse for asset data

BIM serves as an information storehouse for asset information that includes property history, its procedure, its size, dependences, and disaster recovery. This easily obtainable asset data supports far better planning of upkeep, repair service, and replacement as well as lowered time in possession upkeep.

These are a few interesting ways through which BIM can simplify asset management for construction professionals and AEC enterprises.

[rdttech]

4 Statistics Proving BIM means Business for AEC Enterprises

You might’ve heard about Building Information Modeling (BIM) and the immense benefits that it brings to the table. And even though the exciting advantages encourage you to add BIM to your toolkit, chances are that there might be a little bit of business-value skepticism surrounding the innovative technological solution.

But, fret not! We are here to help. Let’s look at 4 exciting BIM statistics that will help you to understand that BIM is here to improve business value and drive growth.

What is Building Information Modeling (BIM)?

Building Information Modelling (BIM) is an innovative and digital building process that enables collaboration between multiple teams and stakeholders.

Almost every BIM project includes a 3D model that contains various types of information and manufacturer-specific digital replicas of the products. The rich data is collated into a common data environment which is then leveraged by multiple stakeholders, architects and construction professionals.

4 Statistics Proving BIM means Business for AEC Enterprises

BIM is a billion-dollar market

Over the last few years, BIM has witnessed massive growth. According to a leading research report, in 2019, the market size of BIM was around USD 5.2 Billion and it is projected to reach a whopping USD 16 Billion by 2027. That means a CAGR (Compound Annual Growth Rate) of 15.2%

Talk about some explosive growth predictions for 2020 to 2027!

An interesting thing to know about this research is that these observations/predictions were made before the pandemic. But, with the pandemic in the picture, the growth estimates will be much higher than previously anticipated.

Any reason for higher numbers than the previous estimates?

With the pandemic halting office-based work, most organizations including AEC enterprises have had to resort to remote work and digital adoption. In addition to that, a greater emphasis was placed on the health and safety of built environments.

Another reason why the BIM market will witness explosive growth is due to the implementation of positive government policies coupled with an uptick in BIM mandates.

By 2060, 2.4 trillion square feet of new construction will happen

Construction won’t be slowing down anytime soon because of an increased interest in real-estate and real-estate investing. This means the demand for building products will most likely increase in the days to come.

According to a report by the UN Department of Economic and Social Affairs, it is estimated that by 2060, around 2.4 trillion square feet of new construction will happen.

What are these staggering numbers equivalent to?

One Tokyo built every quarter

One New York City built every 34 days

One Paris City built every week!

But, traditional construction won’t be able to handle these heavy workloads. In addition to that, there will be immense pressure on manufacturers to manufacture enough products for construction.

That is where BIM comes into the picture!

Many architects, public clients and construction professionals are turning to BIM because of its resource-efficient solutions as compared to traditional construction practices. This adoption of BIM will likely increase in the days to come followed by an uptick for access to manufacturer-specific BIM objects.

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