Member Meeting 08

NIST/ATP Study on the Economic Impact of Imperfect Interoperability

At the urging of and active participation by FIATECH, this report, prepared for NIST by RTI and LMI, estimates the cost of inadequate interoperability in the U.S. capital facilities industry to be $15.8 billion per year.

This research study identifies the economic impacts to the construction industry of imperfect software interoperability. This report provides the, first ever, thorough, economic analysis of the cost of imperfect interoperability of data exchange in the capital facilities industry, including a complete economic analysis of the benefits of seamless flow of information across the entire life cycle of a capital project.

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