News

The world is changing, but does it also change me? This is a question the players in the construction and real estate industry may have been asking themselves for too long. Among the countless changes that once took decades and now happen in only a few years, digitization is presumably one of the biggest and thus one of the most challenging changes of our time. When comparing the construction and real estate industry with other sectors such as financial services, retail and/or wholesale, there is still room for further gains as regards digitization.

In addition to numerous internal innovation processes in the context of digitization that are currently underway, ILF, jointly with other renowned companies, actively shapes the drive towards digitization in the engineering sector.

Together with its cooperation partners ATP Planungs- und Beteiligungs AG, Bundesimmobiliengesellschaft m.b.H., ENGIE Austria GmbH, Kommunalkredit Austria AG, PORR AG, Siemens AG Österreich, AIS Energy Advisors AG and Wien Energie GmbH, ILF is pursuing and sponsoring the development and implementation of a start-up contest and event for the construction and real estate industry.

The cooperation is founded on the common understanding of the partners that the rapidly advancing digitization seen in many sectors and business processes will also bring about comprehensive change in the construction and real estate industry.

The development of a “digital twin”, that is the digital representation of structures across all life cycle phases (development, planning and design, construction and operation), will play a decisive role in this process.

Besides the impulse of the initiative that aims at advancing digitization in the construction and real estate industry, the project enables ILF to tap into the digital know-how of start-ups and to push ahead in the world of digitization.

For more information about the contest, please visit: http://www.ig-lebenszyklus.at/digital-building-solutions/