While there has been considerable focus on 'why' organizations operating in the construction industry need to adopt digital technologies to enable Building Information Modelling, Internet of Things and Industry 4.
The 'how' of benefits management for digital technology: From engineering to asset management With advances being made in digital technologies, asset owners are requiring at handover a digital twin of their constructed facility that can be used in real-time to support operations and maintenance processes.
From high-growth investment strategies to risk management to index tracking, the range of discussion is extensive. The insights and experiences that have emerged from this research provide a frame of reference for construction organizations and asset owners to navigate the benefits realization and change management process, which can be used to ensure their investments in digital technology can effectively respond to business drivers and generate value.
In light of the drive for organizations to engage with digital technology we bring to the fore in this paper the need for them to legitimize a process of benefits management prior to making a financial investment to understand 'how' digital technologies can coalesce to generate business value and improve their competitiveness.
Coverage includes investment methodologies and techniques, new products and trading developments, important developments in the regulatory and legal environment, emerging trends in asset management and more.
Relying on empirical findings derived from nine projects that examined the efficiency gains and advantages of using a digital systems information model from an engineering to asset management perspective, we construct a generic BDN to visualize the structure of multiple cause-effect relationships that are used to organise the capabilities, changes and benefits that need to be considered prior to adoption.
While there has been Go to SpringerLink to see if you have access. An international forum for strategy, techniques and innovations in funds management Covers applied research, best practice and regulatory matters Benefits researchers, professional asset managers, investment advisors, analysts and regulators Please note, we are currently updating the Journal Metrics.
The Journal has established itself as a valuable bridge connecting applied academic research, commercial best practices, and regulatory interests.
This journal keeps readers up-to-date with current developments and strategies in asset management.
As part of a benefits management strategy, a business dependency network BDN can enable investment objectives and their resulting benefits to be linked in a structured manner with an organization's capabilities and changes required to ensure they are realized.
Presenting expert briefings, tightly focused analysis, research and reviews by leading experts from all across the fund management industry, the Journal of Asset Management offers a forum for topics of international range for a readership including fund management professionals and academics specializing in finance.