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How will ISO-19650 change the implementation of BIM in the AEC Industry?

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How will ISO-19650 change the implementation of BIM in the AEC Industry?


Building Information Modelling (BIM) is an approach for digital information management adopted by industries to improve building and infrastructure quality. It pays heed to the enhanced exchange and management of information. The generated data can be referred to as a trusted source for decision-making processes for the project. The digital representation of a building through BIM increases the productivity of engineers and designers.

But, to clarify the ambiguity and create awareness about the process of BIM, a globally accepted framework was required. It would formalize the procedure and rectify the conflict of choice between various accepted standards. For the BIM industry, no such fixed documentation existed until 2018.

Various stakeholders needed help choosing a definite set of methodologies, technologies, and standards aligned with the project, as many enlisted BIM guidelines worldwide exist. In 2018, ISO published ISO-19650 to encourage and support the use of BIM on a grand scale. It would articulate a mental model speculating the solution to the problems arising in the construction industry.

What is ISO-19650?

ISO-19650 is a standard document outlining information management specifications and principles. The provided framework applies to the entire life-cycle of the building, including initial designing, strategic planning, engineering, development, documentation, construction, day-to-day activities, maintenance, refurbishment, and repair. The standards adhere to projects of every scale and complexity, including infrastructure networks, large estates, individual built-forms, and the projects entitled to deliver them.

ISO 19650 is used by

  • those involved in the procurement, design, construction, and commissioning of built assets; and
  • those involved in delivering asset management activities, including operations and maintenance

It is based on the UK 1192 series that defines BIM level 2 in the UK. BIM level 2 is a series of national guidelines and publicly available specifications developed by the UK government in 2011. After this publication, many international asset owners realized the utility and efficiency of BIM and requested ISO to elevate the UK 1192 series to a globally acceptable level. The procedure to develop the documents was commenced by an international working group convened by Anne Kemp. The origin of ISO 19650 can be traced back to two British standards – BS 1192 and PAS 1192-1.

The international series ISO 19650 lays a leveled ground for related stakeholders to innovate, compete, and collaborate irrespective of location. When using BIM, it puts forward the concepts and principles required for various business processes. In addition, it supports the production and management of data throughout the life cycle of the built assets.

Bifurcations of ISO-19650

The ISO 19650 series is divided into two sections – BS EN ISO 19650 – 1 and BS EN ISO 19650 – 2, catering to different project stages.

The first section – BS EN ISO 19650 – 1, addresses how to deal with concepts and principles. It further recommends a framework for information management, which includes exchanging, recording, versioning, and organizing it for all parties. Furthermore, it involves the joint production of architectural, engineering, and construction information. Finally, it consists of a National Foreword explaining the new terminology.

The second section, BS EN ISO 19650 – 2, narrates the management process for information exchange using BIM during the project’s delivery phase. It is referred to by all organizations and used for projects of all types and scales. It includes a National Annex that aligns the standards of ISO with the UK BIM level 2.

How does ISO-19650 contribute towards the growth of BIM in the AEC industry?

The 19650 guidelines provide a data standardization framework for delivering information with reduced coordination time and cost. An everyday data-sharing environment is created for sharing information. Different organizations come together to bring a specific project to life. ISO 19650 has helped these teams combine and extract data through BIM with a unified approach.

Various companies have struggled to address the requirements and needs of their partners, clientele, or suppliers. ISO 19650 series rectifies this situation with bifurcated guidelines that articulate a proper working format for every client type. This further enhances the efficiency and mobility of their internal resources. The client and teams use BIM per these guidelines to identify owner’s exchange information requirements and maneuver towards efficient and effective project delivery.

This set of guidelines ensures a clear understanding of every task performed with a clarity of authority, capacity, responsibility, and competency for all involved members. A typical data environment in BIM ensures the security and duality of information. This environment is created for collecting, managing, and circulating information containers through a systemized procedure.

The operational and delivery phases of the project witness a smooth process involving collaboration, production, management, sharing, and exchange of all information due to the implementation of the ISO 19650 series.

The ISO 19650 series will drive client interest in the BIM working and implementation process, uplifting the entire sector. The provision of 19650 will bring all sorts of standards to a single information source that directs a smooth workflow. To improve the further additions of the ISO 19650 series, the stakeholders using these guidelines are advised to collect detailed information and experiences regarding its use and implementation.

Different aspects catered through ISO 19650 for the rise of BIM

1 Adaptation at a global level

The standards increase awareness about the digital BIM processes, leading to a rise in global adaptability. Furthermore, a specific set of guidelines will develop an understanding of BIM amongst the customers, enhancing their willingness to adopt and utilize it. In addition, the collaboration of projects can go global as local restrictions are eliminated, which could have restricted the planning and designing process.

2 Appropriate delivery of information

The exchange of information becomes more accessible with specific requirements that direct systemized information management. The manufacturer bears the pressure of supplying correct data and news at the right amount of time.

3 Ease of Optimization

The standards pave the way for many opportunities to optimize the supply chain. The overall process is catalyzed by the amalgamation of the client side (planning & construction) and industry (sales, manufacturing & shipping).

Documents that help in understanding the full potential of BIM and facilitate the digital delivery process into the project plan

  • Guide for appointing party’s exchange information requirements (EIR)
  • Pre-appointment – BIM execution plan
  • Assess the task team’s capability & capacity
  • Delivery team mobilization plan
  • Delivery team risk register
  • Post appointment – BIM execution plan
  • Delivery team’s detailed responsibility matrix
  • Guide for appointed party’s exchange information requirements
  • Task information delivery plan
  • Master information delivery plan
  • Mobilization plan
  • Information management process – collaborative production of information and information model delivery
  • Project closeout

The publication of ISO 19650 moves towards converting the least digitized sector image of the construction industry and taking it towards innovation. The objective was to create a common approach toward Building Information Modeling (BIM) for every project worldwide.

It certainly provides a standardized method for the amendment of the data fabric to various projects. Following ISO 19650 in the BIM clarifies the scope of work that facilitates project planning, building, and operational stages. Also, the manufacturers are not directly impacted, and it creates a transparent digital process with the involvement of all relevant parties.

Featured Image Credit: Provided by the Author; Thank you!

Ankit Kansara

https://www.youtube.com/channel/UCCNVUKdB5rncH-J1E-8xcoA

I’m Ar. Ankit Kansara, the driving force behind Virtual Building Studio as its Founder & CEO. Our mission is as crystal clear as a blueprint: we’re here to empower AEC professionals with seamlessly integrated, innovative, and cost-effective BIM modeling services. From BIM Modeling Services USA , MEP BIM services, and Value Engineering, we’ve got the full spectrum of BIM expertise under one roof.

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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