A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 130 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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Research
02.03.2020

Areas of competition and investment in technology in the context of current trends in the construction and development industry

Technological trends


Having analyzed the current market situation in the global construction and development sector, the authors of the report identified three main trends which are shaping the industry:
  • accumulating set of technologies to transform the industry;
  • increasing investment in construction technologies;
  • growing understanding about practical application of the technologies.
The Russian construction and development market is lagging behind other economy sectors in terms of technological modernization and is one of the last ones to embrace digitalization. This is of particular importance for industry players as technological transformation is a necessary condition for their survival.

Internet of Things


According to the authors of the report, the main driver of digitalization is the Internet of Things. The notion of IoT encompasses three related segments — energy efficiency, automation, and connected homes. IoT is a basis for building positive customer experience, digital client services, and active engagement with end customers of housing property.

Shift of focus of customer and developer attention


The authors of the report note that the focus of competition is shifting: rather than ensuring the highest product quality, businesses are now trying to provide positive customer experience. Thus, developers must consider the needs of all their customers — those who invest in housing property with the aim of selling it or letting it out, and those who prefer renting a home to free money for getting new experiences.

Housing as a product


The needs of millennials coupled with cross-cutting industrial and user technologies lead the housing sector to the concept of housing as a product. On a subscription basis, a tenant may receive access to controlling smart devices in the home through a mobile application. Management companies and homeowners may use a unified control system to monitor risks of emergencies and remotely take readings from energy meters.

Application of technologies


According to the authors of the report, the segment of development proper remains the most heavily invested in and the most technologically rich group of processes. Thus, the first steps for construction and development companies to take in the near future might be the following:
  • integration into the ConTech community (for example, by forging partnerships with startup accelerators or creating a joint accelerator for generation of concepts and prototyping);
  • prioritizing two to three projects (such as digital customer experience, digital product, or digital construction site) to be implemented in the company.
Analytics on the topic