Deep Renovation: Definitions, Drivers and Barriers

Abstract

This chapter defines the key elements of the deep renovation life cycle. Investment in deep renovation is driven by various rationales, including societal, economic, environmental, energy security, quality, opportunistic, and catalytic motivations and benefits. At the same time, both deep renovation and digital technology adoption to support deep renovation are impacted by challenges presented in humans, organisational processes, technologies and external environments. This chapter explores the key drivers and barriers to deep renovation and associated digitalisation. It establishes the motivation for the remainder of the book.