Improving state regulation of the digital transformation in the investment and construction sector

Abstract

Currently, the task of creating a digital economy is one of the priorities for various industries, including the investment and construction sector, ensuring the creation of fixed assets within individual regions and the country as a whole. The article substantiates the relevance of the digital transformation of the investment and construction sector, studied the experience of implementing digital tools in the construction sector and explores the main stages of the implementation of the digital transformation strategy at the state level. The conceptual foundations and the regulatory framework of state regulation of the digital transformation in the investment and construction sector in Russia are investigated. The concept of the digital economy implies a comprehensive transformation of all areas of the economy based on the introduction of the latest technological solutions from various fields of knowledge, which justifies the application of an interdisciplinary approach to develop recommendations for improving state regulation of digital transformations in construction. As a result, problems in the field of digital transformation of construction in Russia were identified and key directions were proposed for the effective improvement of state regulation of the investment and construction sector in Russia within the context of the digital economy.

Key Initiatives for Digital Transformation, Green New Deal and Recovery after COVID-19 within the Construction Industry in Korea

“…The digital transformation technologies will contribute to productivity improvement, increased safety and risk mitigation, high-quality building, and improved collaboration by collecting, analyzing, and using data of the whole supply chain in the construction industry. Many countries are making efforts to establish policies and strategies that can induce the activation of digital construction at the national level, improve related regulations, and change the existing ordering system and procurement process [21,23,24]. In the US, smart city plans and private company-centered policies have been implemented in accordance with the National Strategic Plan for Advanced Manufacturing.…”

“…In addition, according to the I-Construction strategy, Japan has set the goal of increasing productivity by 20% by 2025 through the use of ICT in the construction process. In addition to these existing measures, several previous studies and reports have emphasized the importance of workforce training, corporate support, and digital platforms for the success of digital construction [21,[23][24][25][26].…”

“…For the digital transformation of the construction industry, previous research has suggested that policies and systems related to digital construction technology should be improved, and measures to expand high-tech industry and convergence construction should be prepared [21,[23][24][25][26]. In this regard, the nurturing of a new technical and skilled workforce, preparation of national standards and specifications for digital construction technology, the promotion of the application of the off-site construction (OSC) methoda construction method that completes buildings and facilities by producing elements and components of a construction project at different locations where they will be permanently installed and then transporting and installing them on-site (Figure 2), the introduction of policies for the dissemination of digital construction technology for small-and medium-sized companies, and the establishment of a foundation for data utilization have all been proposed as specific measures.…”

Sustainable Digital Economy Through Good Governance: Mediating Roles of Social Reforms and Economic Policies

“…It refers to responsibilities and duties associated with a certain institution in public administration. Good governance fosters gender quality, protects the environment, allows residents to express personal freedom, offers instruments to alleviate poverty, fear, deprivation, and creates a safe atmosphere free of violence ( Rothstein et al, 2012 ; Vishnivetskaya and Ablyazov, 2020 ; Xu et al, 2021 ). These principles enhance democratic institutions by ensuring frequent, free and fair elections, and a representative legislature, independent judiciary, and media ( Rothstein and Eek, 2009 ; Urbaniec, 2015 ; Watanabe et al, 2018 ).…”

Modernization of Construction Educational Programs Taking Into Account Building Information Modeling Technologies

“…Currently, a program of digital transformation of the construction industry is being formed. The goals and main tasks of transformation are defined [11].…”