This document discusses Building Information Modeling (BIM). It begins by defining BIM as an integrated building lifecycle process supported by a digital building model. The document then discusses why the building industry needs to shift to BIM, comparing it to the paradigm shift in the automotive industry towards digitalization and standards. It outlines that while the building industry has innovations, it still communicates largely as it did 2000 years ago. The document promotes BIM and the Industry Foundation Classes (IFC) standard as a way to improve collaboration through a shared digital building model. It provides examples of how major industry players have adopted BIM strategies. Finally, it discusses challenges around financing the transition to BIM.