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Business Wire
10-07-2025
- Business
- Business Wire
Construction Owners Who Embrace Data-Centric Practices Get More from Digital Tech
BOSTON--(BUSINESS WIRE)--A new study reveals that owners of capital construction projects who prioritize data-centric practices reap significantly greater benefits from the digital tools deployed on their construction projects. 'Owners with strong data strategies experience greater benefits from digital tools like BIM, AI, and digital twins—improving project cost, schedule, quality, and collaboration.' published by Dodge Construction Network in partnership with the National Institute of Building Sciences (NIBS), and funded by Autodesk, Esri and Trimble, surveyed nearly 200 U.S. owners managing $5M or more in annual construction projects. The findings show a clear correlation: the more data-focused the organization, the more value they extract from technologies. Owners Are Prioritizing Data--But Progress Varies To fully leverage the potential of digital tools, owners must implement consistent data practices –such as using industry standards for data, formalizing policies, training staff, and many other deliberate strategies. The study explored seven categories of these approaches and found: Over 70% of owners engage in at least one strategic approach in all seven categories On average, most individual strategies in each category are only adopted by 31% to 51% of owners. Only 23 % of owners are highly engaged in data-centric approaches, with the rest nearly evenly split between limited and moderate engagement The top approach (70%) involves creating internal processes and requirements for the production and use of project delivery and asset data, demonstrating a strong intent to use data across the asset lifecycle. 'This report makes clear that as owners take the lead in digital transformation, their need for structured, high-quality data is reshaping project expectations,' said Dr. George Guszcza, President and CEO of NIBS. 'Our nation faces pressing challenges and resource constraints. Data-driven insights and technology unlock unparalleled opportunities to find and leverage solutions that will benefit American communities for generations.' Owners with Strong Data Strategies Get More Out of Tech Digital technologies are widely used across construction projects: Over 60% of owners report the use of BIM, GIS, CAD, and project and asset management software More than half of owners are using most of these technologies themselves while also requiring them to be used by their project teams. Adoption of emerging tech is growing—but requires even stronger data practices: 28% of owners already use artificial intelligence (AI), with nearly half as many expecting to use it in the next two years. This is the largest share of growth for any technology included in the study. 18% report using digital twins—real-time, data-rich models of physical assets that depend on high-quality reliable data streams. The benefits of these technologies are significantly amplified for organizations with strong data foundations: 86% of highly data-centric owners experience project benefits like reliable cost and schedule estimates, and improved quality, safety and sustainability performance (compared with 74% of owners in general). 80% of highly data-centric owners experience process benefits like improved progress tracking, increased collaboration and communication, compared with 67% of owners in general. 83% of highly data-centric owners use project data effectively for planning, operations and asset management, compared with only 64% of owners in general. 'There are two takeaways from this data for the larger industry,' says Donna Laquidara-Carr, Director Industry Analytics at Dodge Construction Network. 'First, if you are a designer or contractor, you need internal expertise to meet owners' evolving data needs. It is a competitive advantage now, but it is only a matter of time before it is a requirement. But there's opportunity here too—any organization in the AEC space can apply these practices to get more from the technologies they already use.' A Call to Action for the Industry As more owners evolve into data-driven organizations, their expectations for partners will evolve too. Designers, contractors, and technology providers who invest in internal data capabilities will be better positioned to collaborate—and to compete. Outdated coordination wastes millions. Accelerating from innovation to impact requires robust data standards like the NIBS National CAD standard, NIBS National BIM standard, and the forthcoming National Digital Twin Standard. Download the Full Report Learn more and access the full Data-Centric Owner report at About Dodge Construction Network Dodge Construction Network harnesses data, analytics, and industry connections to be the leading source of insights and opportunities in the commercial construction industry. With five trusted solutions- DCC, The Blue Book, Sweets, IMS, and Principia -Dodge connects construction professionals across all stages of the building process. Designed for both small teams and large enterprises, these tools simplify complexity, empowering you to build thriving businesses and communities. With over a century of experience, Dodge Construction Network is the catalyst for modern construction. To learn more, visit
Yahoo
02-06-2025
- Business
- Yahoo
NIBS Releases 2025 Moving Forward Report: A Call to Retrofit for Resilience
WASHINGTON, June 2, 2025 /PRNewswire/ -- The National Institute of Building Sciences (NIBS) Consultative Council has released its 2025 Moving Forward Report. Extreme weather events, including hurricanes, wildfires, and severe storms, have caused devastating financial and human losses across the U.S., with cumulative disaster costs reaching nearly $3 trillion since 1980. In 2024 alone, 27 major disasters resulted in damage exceeding $1 billion each, underscoring the urgent need for resilience measures to protect lives, property, and local economies. "Everyone benefits from mitigation or outright prevention of damage from a wildfire, earthquake, or storm. Insurance companies face fewer claims, government agencies avoid massive emergency aid payouts, property owners benefit from less damage, and families across the nation are safer," said George Guszcza, President and CEO of NIBS. "To protect communities from worsening natural disasters, we must take the all-of-the-above approach recommended by this report to support the retrofitting of buildings and infrastructure to enhance resilience." This year's report from the NIBS Consultative Council, "Retrofitting for Resilience," outlines the urgent need for proactive investment in disaster mitigation strategies. The report highlights that every $1 spent on resilience can yield up to $13 in savings from avoided losses, according to the 2019 NIBS Mitigation Saves Study. The report urges policymakers, industry leaders, and communities to take immediate action to support the retrofitting of buildings and infrastructure for enhanced resilience in the face of increasingly frequent and severe natural disasters. Key Recommendations Include: Shared Costs: Encourage public-private partnerships to distribute the cost of retrofitting among all beneficiaries, including insurers, lenders, and government agencies. Invest in Innovation and Technology: Invest in R&D for advanced building materials and construction methods through agencies like the Department of Energy and NIST. Tax Incentives, Grants, Private Sector Incentives, and Tax-advantaged Savings Accounts: Implement federal, state, and local tax credits, deductions, and direct grants to support property owners in making resilience upgrades. Certifications and Education: Expand training programs for contractors and implement public awareness campaigns to promote resilient construction practices. Updated Building Codes: Advocate for adopting modern, resilience-focused building codes to reduce long-term disaster recovery costs. The National Institute of Building Sciences (NIBS) Consultative Council's 2025 Moving Forward Report highlights the increasing financial and human toll of extreme weather, with disasters causing over $3 trillion in losses since 1980. It calls for urgent action through public-private partnerships, investments in resilient infrastructure, tax incentives, updated building codes, and expanded education to protect communities from the worsening effects of natural disasters. To read the full 2025 Moving Forward Report, visit Website: View original content to download multimedia: SOURCE National Institute of Building Sciences Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
10-02-2025
- Business
- Associated Press
National Institute of Building Sciences Takes on Workforce Challenges with Elevate 2025
NIBS is co-hosting the workforce summit with the International Code Council and National Building Museum on March 4 WASHINGTON, Feb. 10, 2025 /PRNewswire/ -- To address the severity of the widening gap in America's built environment workforce, the National Institute of Building Sciences (NIBS) is co-hosting a one-day event with the International Code Council and National Building Museum focusing on this critical workforce crisis. Elevate 2025 will convene industry leaders and policymakers to explore the true scope of the issue and introduce solutions to support the country's security and growth. The summit takes place March 4, at the building museum in Washington. 'The workforce shortage across the built environment has evolved from a past problem into today's major crisis and will become a disaster in its own right if left unaddressed,' said NIBS CEO Dr. George Guszcza. 'Past and current strategies and interventions have failed to provide solutions at scale. Demographic and labor data demonstrate that the only viable solution is to meaningfully and significantly develop a national pipeline of women throughout the built environment.' Elevate Speakers and Schedule Event speakers will include: Aileen Fuchs, President & Executive Director, National Building Museum Stephanie Ferguson Melhorn, Senior Director, Workforce & International Labor Policy, U.S. Chamber of Commerce Anna Gradishar, Associate Principal, ARUP Caryn Halifax, CEO, International Masonry Institute Catriona Winter, Senior Vice President, Clark Construction Marnique Heath, Principal and Board Chair, STUDIOS Maryia Lackansingh, Code Specialist III, Fairfax (Virginia) County Government Elizabeth Bednarcik, Chief, Brighton (Colorado) Fire Rescue Rita Brown, Commissioner, Michigan Department of Transportation and President-Elect, National Association of Women in Construction Jamie Gentoso, Global Head of Solutions & Products, Holcim Angie Wiese, Director of Safety & Inspections, City of Saint Paul Ellen Thorp, Managing Director, Coalition for Sustainable Roofing Sessions will include: By the Data: Decoding America's Labor Market Shortage Highlighting the Workforce Crisis: The Effects on Post-Disaster Recovery National Building Museum Board of Trustees Panel Breaking Ground: Empowering Women to Solve the Labor Shortage Policy Solutions for Advancing America's Built Environment Workforce Fireside Chat with Punchbowl News Members of the media are invited to attend Elevate for free. Register now for Elevate 2025. or follow @bldgsciences on X, Facebook, and LinkedIn.
