BIM (Building Information Modeling) is a conceptual idea that is well understood at the executive level. It enables the visualization of engineered assets in 3D, as well as 4D (schedule), 5D (cost), nD (safety, constructability, augmented reality, etc) and supports information sharing amongst the shareholders – engineering, procurement, construction and operations and maintenance – along the lifecycle of the facility. It improves coordination, especially during the construction phase, that results in improved productivity and reduced lifecycle costs.
BIM supports embedding and linking of vital information about assets, but BIM doesn’t fully address the unambiguous exchange of information between supply chain participants and their applications.
Using iRING as the interoperability foundation for BIM results in a 1+1=3 scenario, that is, the sum of the parts (BIM and iRING) is greater than the parts standing on their own. With BIM and iRING working together we will realize the combined benefits of both approaches — visualization and information sharing without error-prone interpretation and translation.
Of course it is a bit early to discuss case studies where iRING and BIM are working together, but we know of a few projects underway and plan to document them in the not-to-distant future.
The Business Value of BIM
The McGraw-Hill Construction BIM Special Section is an excellent resource for BIM insights and research studies, and well worth the time to explore the content.
The McGraw-Hill SmartMarket report, 2012 Business Value of BIM in North America, builds on two previous surveys, The Business Value of BIM (2009) and Building Information Modeling (2008). The most recent report examines levels of usage and expertise among adopters; the cost and types of BIM investments; the return on investment (ROI) and business benefits that they are getting from using BIM. The study also explores how BIM is changing the way AEC project teams work together to communicate, solve problems and build better projects faster and at less cost.
Comparing results from previous research, McGraw-Hill Construction finds:
- The percentage of companies using BIM jumped from 17% in 2007, to 49% in 2009, to 71% in 2012;
- For the first time ever, more contractors (74%) are using BIM than architects (70%);
- All users report increased business benefits from BIM including better profits, more accurate documentation, less rework, reduced project duration, fewer claims and the ability to offer new services;
- Almost 40% of BIM users are heavily committed to it, doing over 60% of their work in BIM. This group has surged by 44% since 2009;
- As a sign of its increasing acceptance and maturity, almost half (49%) of BIM users have five or more years experience using it.
BIM+iRING = Greater Business Value
I believe you can extrapolate the business value of BIM in Construction to the value of iRING for the industry, and that the combined value of BIM+iRING can and will change the economics of capital facility projects. iRING (ISO15926 reference data standard) is complimentary to BIM, not competitive. Adoption of iRING is trailing BIM, but with continued industry support for ISO15926 I believe the two will come together and will dramatically improve industry-wide interoperability.
But this is just the authors point-of-view, what is your?