Industry trends
Building Up AECO Trends in 2024
Marge Hart, Senior VP Project Management, offers her forecast for AECO industry trends in 2024.
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The AECO industry is a giant that combines countless disciplines and specialties, but there are many exciting trends that are happening right now, affecting firms in every discipline and specialty.
These include:
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Increased need to meet regulatory compliance and digital documentation standards,
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Increased need for data-driven decision-making,
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Reliance on data interoperability,
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Personnel demand for hybrid work,
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Emergence of artificial intelligence with construction in mind,
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Importance of keeping digital twins and IoT,
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Continued use of Virtual Reality and Augmented Reality for designs.
And let’s not forget the ongoing challenges that the AECO industry faces, which include:
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The impact that the economy has had on projects, and firms, and workers,
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The explosion of available productivity solutions and data over the years,
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The ongoing productivity lag of construction when compared to other industries.
So, what part does Newforma play in these trends? Well, we’re looking forward to an exciting 2024, as we continue to deliver solutions for these trends and introduce technology to support the ever-changing needs of the industry. Our “open ecosystem” mindset works with industry players to establish standardized approaches, which makes it easier for users to exchange data between systems, which, in turn, increases productivity.
Newforma also supports data-driven decisions that improve project outcomes by enabling firmwide use of analytics and business intelligence tools. And, with the continued improvements to 3D design tools and processes, Newforma is committed to continuing to innovate on BIM accessibility and ease-of-use. This has the effect of “democratizing” BIM for design solutions, which provides wider team access to the critical information housed in models for modern projects.
Newforma’s vision and commitment is unwavering, and we’re excited to see our clients standing proudly behind their own 2024 projects, knowing our tools helped them get there.
About the Author
Marge, our esteemed SVP of Product Management, is a renowned figure in the software industry with over 20 years of expertise in design, customer research, and validation. Joining Newforma in 2006 initially in a design capacity, Marge smoothly transitioned into Product Management in 2015, showcasing her versatile skill set. Her leadership in Product Management has played a pivotal role in fostering a customer-centric focus and prioritizing solutions that enhance the Newforma experience. Prior to her tenure at Newforma, Marge held esteemed product roles at FRS Global, Incentive Systems, Kana Communications, and PictureTel. With her passion for the AEC industry, Marge has found her true professional home at Newforma.
