Digital transformation of construction organizations

Construction sphere is standing at the threshold of large-scale transformation based on innovations and digital technologies. These changes will result not only in reduction of investment-construction project life cycle and improve their economic efficiency but will also force organizations to more widely evaluate their competitiveness and position in the market. Purpose of this paper - analysis of theoretical approaches to digital transformation of the companies, revealing of specific features and problematic issues regarding certain transformations occurring in construction organizations, analysis of local and foreign experience of implementation of digital tools intended to improve efficiency of cooperation with clients, employment of new forms and methods of business process management, development and fulfillment of up-to-date business models. Digital systems enable the company managers to more profoundly comprehend the production process and its economic efficiency, regional features of markets and client demands.