Research On The Impact Of Information & Communication Technology Development Level On The Competitive Advantage Of Construction Companies

With the explosive growth of the fourth industrial revolution,ICT(Information &communication technology)has become the driving force for innovation and change in various industries.The construction industry is at a point of reform that is shifting towards high quality and sustainable development.How to use ICT to gain the competitive advantage of companies has become a problem that construction companies must pay attention to.Therefore,this study aims to investigate what impacts the construction companies ICT development level can have and how these effects affect the competitive advantage of construction companies.First of all,in-depth analysis of the ICT connotation of the construction industry.Through literature reading,build the application framework of ICT in the construction industry from the two dimensions of ICT technology type and technology stage,and use the OECD database and the questionnaire data of this research to analyze the development status of ICT in the construction industry.This play a solid foundation role for understanding the connotation of ICT in the construction industry.Secondly,the theoretical analysis of the impact of ICT on the competitive advantages of construction companies is carried out.Combining the theory of competitive advantage and the intelligent development trend of the construction industry,the key competitive advantages of construction companies under the current situation are proposed;the direct impact of construction companies on the flow of information is analyzed,and on this basis,three important capabilities of the impact of ICT are formed: digitalization production capacity,adaptive dynamic capability and platform operation capability.Finally,an empirical analysis is conducted on the path of the impact of ICT development level on the competitive advantages of construction companies through structural equation models,and recommendations are made for the ICT development strategy of construction companies based on the results.The results show that the ICT development level of construction companies has an impact on the competitive advantages of companies through different paths.Construction companies are vigorously developing ICT,and the first thing that is intuitively affected is their internal digital production capabilities and external adaptive dynamic capabilities.At the same time,only by transforming ICT into the ability to interact with the external environment can construction companies truly realize the promotion of ICT development level on the competitive advantages of construction companies.Construction companies need to pay attention to ICT strategic planning,technology application and environmental cultivation to improve the level of ICT development.