The document discusses Building Information Modeling (BIM) and Industry Foundation Classes (IFC). It defines BIM as a process for generating and managing building data throughout its lifecycle using 3D modeling software. IFC is described as an open standard developed to facilitate interoperability between BIM software applications. Examples are given of how IFC represents building elements and projects using it around the world. In conclusion, the document states that while BIM and IFC are emerging technologies, IFC has become a de facto standard for exchanging building data internationally.