Making space: Industry 4.0 must be followed by construction 4.0
Digitisation is affecting the commercial real estate sector on several levels. As part of Industry 4.0, novel manufacturing processes and complex supply chains are being developed to meet tenants’ increasingly sophisticated location and space requirements. Often, spaces must be converted, rented or sold off. This requires a rethinking of construction requirements and letting management.
There are two major digitisation unknowns that companies must face: the pace of structural change, and the way in which business models must adapt if they are to remain sustainable. Innovation periods and product cycles are becoming ever shorter and adaptability has become a key success factor.
Industry 4.0 is changing the layout of company locations across the board. Companies are now able to run a variety of fully automated processes on their premises, but it is not yet possible to predict how a fully automated property will be designed. However, what is certain is that departments