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Regional Economics: Theory and Practice
 

Features of investment and construction Sector functioning in the context of digitalization

Vol. 22, Iss. 8, AUGUST 2024

PDF  Article PDF Version

Received: 14 April 2024

Received in revised form: 22 May 2024

Accepted: 5 June 2024

Available online: 15 August 2024

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: J01, J48, L60

Pages: 1538-1550

https://doi.org/10.24891/re.22.8.1538

Ekaterina P. AKRI Samara State Technical University, Samara, Russian Federation
ekaterinaacri@gmail.ru

https://orcid.org/0000-0002-5619-4559

Konstantin Yu. DOLADOV Samara State Technical University, Samara, Russian Federation
doladov@gmail.ru

https://orcid.org/0000-0003-1844-1632

Anna D. KORNILOVA Samara State University of Economics, Samara, Russian Federation
adkornilova@yandex.ru

https://orcid.org/0000-0002-6610-3550

Subject. The article considers the impact of digital technologies spreading on the most important sectors of the economy.
Objectives. The article aims at the analysis of prospects for construction industry development related to the digitalization process.
Methods. We apply methods of comparative, logical analysis.
Results. The study determined that the level of digitalization of the construction sector has a steady upward trend. The use of software tools enables to increase productivity, reduce transaction costs of projects, and minimize the number of errors during work performance. Data sets processing with the help of digital technologies creates conditions for rational and effective decision-making.
Conclusions. Digitalization is an inevitable process that affects all spheres of the society. An important strategic goal of the introduction of digital technologies in the construction sector is to reduce the time of project implementation.

Keywords: digitalization, investment, construction project, digital transformation, digital technologies

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