Thanks, Raji, and welcome everyone. I'm excited to be here today to talk about how Autodesk is transforming building information modeling, or BIM, and accelerating digital transformation of the architecture, engineering, and construction industry. I will do that by highlighting some of our announcements from Autodesk University 2022. First, I'll talk more about BIM and the opportunity for delivering even better outcomes for our customers. Next, how our cloud collaboration offerings are the first step in delivering those outcomes, and how our announcements at Autodesk University extend the power of BIM for our customers. Let's take a closer look at BIM. First, some context setting. BIM is the backbone of digital transformation. BIM is the process of creating and managing information or data for a built asset, like an office building, highway, bridge, or hospital.
It is based on a highly intelligent model, and Autodesk has been advancing BIM technologies for decades. There are four phases of BIM, plan, design, build, and operate. We continue to deepen our capabilities in the design phase while expanding upstream in planning and downstream to the build and operate phases. While our customers are delivering amazing projects with BIM, there is still more work to be done to break down silos, connect processes, and enable better decision-making earlier in the design process, with the end goal of creating better outcomes for customers so they can meet their goals in areas such as controlling costs, increasing automation, and meeting sustainability targets. When it comes to digital transformation, our customers are looking for connected data, automation, and improved design and collaboration capabilities so they can manage, reuse, and share BIM data across multiple global teams.
Solving this will require a digital-first mindset and a unified and interoperable platform, enabling customers to get more value from their data. Why is this a huge opportunity? We know that roughly 95% of BIM data goes unused in engineering and construction projects. This isn't new information, and we are already addressing some of these data issues with our cloud collaboration offerings. As I shared at Investor Day, we have advanced our cloud collaboration offerings to a three-tier model to better help customers solve problems with disconnected data, teams, and workflows for both building and infrastructure projects. At the entry level is Autodesk Docs. Teams can work off a single coordinated model while maintaining control over who has access to their data. With BIM Collaborate, we further connect teams and enable customers to enhance their project data with artificial intelligence, clash detections, and issues management capabilities.
At the highest tier, BIM Collaborate Pro enables anytime, anywhere collaboration and co-authoring, connecting workflows across data and teams. Our tiered access and pricing models provide customers the flexibility to pay for the level of access they require and move between them as their needs advance. With these options, all stakeholders can collaborate in a democratized, transparent way. Good news, there are lots of stakeholders. Contractual requirements, government oversight, and owner demands mean that even small to mid-size projects can have hundreds of stakeholders, and larger projects can have several thousand team members. Now let's move on and talk about how we're extending the power of BIM by highlighting a few of our Autodesk University 2022 announcements. We've made more announcements than I'm able to cover today. To learn more, check out my Autodesk News blog post published yesterday.
Autodesk continues to invest in product capabilities and partnerships to deepen and extend the value delivered by BIM. Here, I'd like to frame some of the announcements we made this week based on how they impact the BIM phases of plan, design, build, and operate. Now let's start with the plan phase. Yesterday, Andrew announced our new industry clouds. That's Autodesk Forma for the AEC industry. Forma will transform building information modeling by unifying BIM workflows for teams who design, build, and operate the built environment. This is a large undertaking that will leverage many of our current strengths. For the first Forma offering, we are leveraging Spacemaker's powerful AI and predictive analytics engine to deliver new capabilities for early-stage planning and design. For a glimpse of the future, check out a new Revit workflow we're developing for Spacemaker.
As Raji discussed, Forma is built on Autodesk Platform Services with a focus on solving challenges around disconnected data, workflows, and collaboration between dispersed teams. Now let's move on to the design phase. We are continuing to add value to Revit with enhancements that deliver open data access, better sustainable outcomes, and enhanced productivity and efficiency. We're unlocking the value of design data by making Revit data work smarter by creating open access where it's needed through our continuing work with IFC's open standard data model. IFC 4.3 support will lead to more effective data handovers so teams can be confident in their deliverables and will be extending standards to support civil infrastructure. This broadens our opportunity. Another way we're making data work smarter is through our partnerships.
Today, we introduced advanced electrical design for Autodesk Revit, a Revit-based extension from Schneider Electric that fills critical BIM-based workflow gaps for our electrical engineering customers. This solution features enhanced engineering tools that includes regional codes and manufacturer-specific content. This also paves the way for eventually connecting energy efficiency through the entire building life cycle and into operations, and that means reducing carbon emissions. Also for Revit users, we are planning on adding new visualization capability into the Revit workflow by transforming designs into immersive experiences in a matter of minutes. We will do this with a strategic collaboration with Epic Games to strengthen our Revit to Twinmotion integration, making it easier than ever before for data to move between Twinmotion and Revit. This partnership is about more than just integration. Autodesk plans to make Twinmotion for Revit available to all Revit customers as part of an upcoming release.
We're also enhancing collaboration for Civil 3D to cover more users and projects. With Collaboration for Civil 3D, collaborators can access the appropriate Civil 3D project data on a web browser or on their local machine more quickly than ever before. No matter where teams work, they'll have the most up-to-date information on their projects. We have extended the value of this collaboration capability by enabling teams to generate construction documents in the Autodesk Construction Cloud. You may have noticed that data is a theme throughout this section. Connected data is a big need for customers, and as Raji mentioned, our common data core will enable cloud-connected granular data that is always available. As this core grows, the Autodesk platform will get smarter with more connected data that will provide opportunities for insights and automation.
Better data enables reuse, eliminates errors, and bridges data gaps across the project life cycle. Moving on, let's talk about the build phase. This is where construction happens. In construction, we are continually building out workflows that remove silos and optimize collaboration, workflows that connect subcontractors to general contractors and general contractors to owners, that overcome fragmentation and deliver collaboration with control. That's why we recently introduced Bridge in Autodesk Construction Cloud. With Bridge, collaboration is simplified with synced folders, files, and data between Construction Cloud projects, meaning each individual company maintains control of their own data and shares only what is needed for collaboration. This is a highly differentiating feature, as other systems do not offer this flexibility. Finally, let's talk about the operate phase. Last year, we introduced our digital twin solution, Autodesk Tandem, for delivering a digital twin as an outcome of the BIM process.
This year, we're extending the value of Tandem's powerful digital twin to monitor facility operations. Tandem can now be connected to operational systems and data to create a digital twin that provides insight for reducing costs and improving occupant experiences. For our water customers, many Innovyze products are now available as Autodesk subscriptions, ensuring more teams are able to plan, model, design, and operate the resilient water infrastructure of the future. We are building on our commitment to enable a more secure water future by expanding the operation and maintenance insights of the Info360 platform to water and wastewater treatment facilities. Info360 Plant, available soon, is a cloud-based operational analytics platform that uses the power of digital twins to help plant operations teams deliver clean water, reduce their carbon footprint, and manage and mitigate operational risks, reduce operating expenses, manage compliance, and justify facility improvement projects.
We continue to extend the power of BIM for customers with our Autodesk University announcements, and the capabilities I've discussed today represent only a fraction of all the exciting announcements we've made at Autodesk University 2022. As I mentioned before, more information can be found in my Autodesk News blog post published yesterday. Starting with the planning phase, Forma, our new industry cloud for the AEC industry, will unify BIM workflows for teams who design, build, and operate the built environment. In the design phase, we're eliminating errors and bridging data gaps across the project life cycle. For the build phase, building out workflows that remove silos and optimize collaboration. Finally, in the operate phase, we're extending the value of BIM for owners and operators.
CAD, BIM, and cloud technologies are fueling transformation in our industry, and they build on each other in a way that creates a huge differentiator for Autodesk. We are the only company that supports the entire project life cycle for all types of capital projects, from architecture to engineering to construction, plus operations. Equipping customers with the technology they need to speed digitalization, unlock insights, and make better decisions is our greatest opportunity to have a positive impact. Thank you.