Digitalization of construction companies: economic benefits and barriers to implementation

In today's environment, digital transformation has become a key factor in enhancing the competitiveness of construction companies. The use of building information modeling technologies, cloud-based project management platforms, digital twins, artificial intelligence, and automated control systems can significantly improve the efficiency of business processes and the quality of investment and construction project management. However, the implementation of digital technologies comes with significant financial costs, organizational changes, and the need for skilled personnel. This article explores the main economic benefits of digitalization in construction organizations, including cost savings, shorter project implementation times, increased transparency in management, and improved decision-making processes. The article discusses the return on investment in information technology, as well as the main barriers to the implementation of digital solutions related to financial, human resources, and regulatory constraints. Based on an analysis of domestic and foreign experience, the article identifies promising areas for the development of digitalization in the construction sector.

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Publication Details

Journal
Journal of Monetary Economics and Management
Published
2026-10-29
DOI
https://doi.org/10.26118/2782-4586-2026-414-419
Primary Topic
BIM and Construction Integration
Type
article
Field-Weighted Citation Impact
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article

Digitalization of construction companies: economic benefits and barriers to implementation

Dmitriy Gulyakin, Violetta Vyprintseva, Alina Petuhova
4 links
Journal of Monetary Economics and Management
BIM and Construction Integration
article

Digitalization of construction companies: economic benefits and barriers to implementation

Dmitriy Gulyakin, Violetta Vyprintseva, Alina Petuhova
article en

Abstract

In today's environment, digital transformation has become a key factor in enhancing the competitiveness of construction companies. The use of building information modeling technologies, cloud-based project management platforms, digital twins, artificial intelligence, and automated control systems can significantly improve the efficiency of business processes and the quality of investment and construction project management. However, the implementation of digital technologies comes with significant financial costs, organizational changes, and the need for skilled personnel. This article explores the main economic benefits of digitalization in construction organizations, including cost savings, shorter project implementation times, increased transparency in management, and improved decision-making processes. The article discusses the return on investment in information technology, as well as the main barriers to the implementation of digital solutions related to financial, human resources, and regulatory constraints. Based on an analysis of domestic and foreign experience, the article identifies promising areas for the development of digitalization in the construction sector.

Journal of Monetary Economics and Management
Kuban State Technological University (RU)
Industry, innovation and infrastructure, Decent work and economic growth
Openalex Percentile: Top 16%
BIM and Construction Integration
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Digitalization of construction companies: economic benefits and barriers to implementation — Dmitriy Gulyakin, Violetta Vyprintseva, et al. · Journal of Monetary Economics and Management (2026) | TGRS Research Map | TGRS