Digital transformation as a factor in sustainable construction industry development

Abstract

Economic digitalization, along with the transition to a new technological paradigm, has given rise to an ongoing transformation in the Russian Federation, expanding the high-tech industry and driving inno-vation across a wide range of economic sectors. However, the digitization level in the development and construction sectors currently remains one of the lowest among industries, despite the fact that con-struction is involved in creating production capacity and contributes to the growth of fixed assets, which ensures expanded reproduction in the entire economy. Therefore, it is necessary to promote the implementation of digital and innovative technologies in the construction sector, as its digital trans-formation can produce a synergistic effect reducing project costs in general, as well as improving the competitiveness of construction organizations and strengthening their position in the market.