Digitization of the property development industry: overview of current literature and research gaps

Abstract

The construction industry has a high status in Germany. Property developers historically come from the construction industry. In terms of digital maturity, however, they lag well behind the general construction industry. In this paper, the author analyzes the current literature on digital transformation and digital maturity, focusing on the construction industry and property developers. The method he chose was a structured literature review. The aim is to identify the current state of research, particularly on the topic of 1) digitization of the construction industry and 2) digitization within the property development sector. The question arises as to why the topic of digitization is so underrepresented among property developers. Even without considering the impact of the COVID-19 pandemic, recent years have seen no acceleration in the use of digitalization among builders than other industries. The literature review shows that developers need to change their business strategies to reposition their business and respond to environmental changes. The current good economic situation overshadows any further digitization pressure caused by the Covid-19 pandemic, but to achieve competitive advantages in the long term, digitization of the value chain is necessary. In this context, gaps in current research will also be identified, which will be the starting point for future research.

Analisis Bibliometrik Transformasi Digital dalam Fungsional Bisnis: Tinjauan Komprehensif atas Penelitian dan Pendekatan Strategis

“…Terakhir, industri pengembangan properti lambat dalam mengadopsi digitalisasi, dengan penelitian yang menunjukkan bahwa pengembang perlu mengubah strategi bisnis mereka untuk merespons perubahan lingkungan dan mencapai keunggulan kompetitif jangka panjang (Klee, 2021;Turyadi et al, 2023).…”

Improving the Organization and Financing of Construction Project by Means of Digitalization

“…Today, there is a lot of research and practical results on digital transformation of construction [1][2], modeling and automation of construction process [3], using new ways of performing work, which are based on the principles of resource conservation, sustainable development, reuse of materials [26,31,[35][36][37][38][39][40] achievements of robotics, modern methods of quality control and reliability [4], the use of drones and other means of observation to control the progress of construction works [5][6] and etc. Now, the computerization of the construction process is taking place creating BIM [7] or CALS models [8], which should include information at all stages of the life cycle of the objects [9].…”