Features of digitalization in the construction industry as an important factor of its sustainable development

This article determines that in the context of global digitalization, the competitiveness and sustainable development of companies depend on the speed of mastering new technologies. Assessment of the current level of the construction industry indicates its lag behind other industries. The aim of the study is to analyze the current level of digitalization of construction companies and summarize the constraining factors. The importance of continuous digitization of production and logistics, networking of autonomous smart objects or the use of self-learning systems in order to increase flexibility and optimize processes is emphasized. The main benefit of implementing digital business models is reducing the time it takes to make decisions, implement a project, and bring products to market. The factors holding back digital processes at the construction site are highlighted: a high proportion of manual production, over-regulation, dependence on the public sector and cyclical changes, the scale of the company. New technologies resulting from the fourth industrial revolution promise more efficient processes, greater time and cost savings, greater productivity and quality. The construction industry must catch up with other industries, because it also has to face the challenges of globalization, urbanization, climate change, resource scarcity, demographic change and other events that disrupt its sustainable development. Construction Site 4.0 promises improvements, but the fourth industrial revolution on the construction site is just beginning.