nature of this revolution , it demands a new type of governance to address the interlinked dynamics of the pace and synergistic nature of emerging technologies ; the transnational impact of technologies and broader societal implications ; and the political nature of technologies ( World Economic Forum 2018 ).
Shifting the Intervention Gauge
The construction industry is ripe for digitalisation . The rapid change in organisations worldwide with current global megatrends brings new challenges for the construction industry . The increasing population of the world leads to the provision of affordable housing , social , transportation and infrastructure . The construction industry needs to consider the wider society by providing affordable costs , sustainable construction , and improving economic development . The current rapid shift towards a new dimension of the fourth industrial revolution will require the industry to prepare for the technological and cultural changes into digital construction .
Construction 4.0 is the term used to represent the fourth industrial revolution for the industry . Construction 4.0 describes the increasing level of digitisation of the construction industry from automated production ( Craveiro et al . 2019 ). It is gradually changing how infrastructure , real estate and other built assets are designed , constructed , operated , and maintained . Figure 4 shows the technology that can transform construction to digitalisation , bringing innovations into the business behaviour .
The construction industry is currently in the middle of a technological transformation that will fundamentally change the overall construction
Figure 2 : Stages of the industrial revolution
Figure 3 : Design principles and technology trends of Industry 4.0 ( Source : Ghobakhloo , 2018 )
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