Digitalization of the construction industry: prospects and challenges

Abstract

The digitalization of the construction industry in the Russian Federation becomes a key factor in achieving sustainable development and increasing the competitiveness of the industry in the global market. The article investigates the dynamics and prospects of digital transformation of the construction industry in the Russian Federation. The authors examine the appearance of digitalization as an instrument of global innovative processes, as well as its impact on the development of modern society. Particular attention is paid to the current state of applying digital technologies in the construction industry, with a focus on identifying the key trends. The factors that facilitate or hinder the digitalization process are outlined, including technological, economic, and organizational aspects. The importance of creating a digital dimension of the construction industry as a basis for similar projects in other spheres of human life is noted. The contribution of large and small real estate developers to digital solutions, as well as the interaction between public authorities and the private sector in this regard, is considered. Particular emphasis is placed on addressing the current challenges facing the industry in the digitalization context. In conclusion, the importance of digitalization in strengthening the competitiveness of the Russian construction industry in the global market and the need for a strategic approach to its implementation is highlighted.