Transportation planning is essential for any city, but the advent of smart highways requires cities to think in new and different ways when it comes to planning road projects.
Digital transformation and the IoT (Internet of Things) are poised to grow in a big way. Zion Market Research, for example, predicts digital transformation will grow 19.2% between 2016 and 2021. Perhaps one of the biggest areas for the construction industry to become connected and the adoption of the IoT is at the jobsite.
Initiatives across the globe are looking to inspire and encourage women to take on more leadership roles in various industries, such as construction. I have seen firsthand how women in construction are quickly demonstrating how they can change the world with innovative ideas.
Steve Jobs once said, “Design is not just what it looks like and feels like. Design is how it works.” This is a man who made his living delivering sleek, innovative products that changed the way both businesses and consumers work and play. He recognized that both form and function were equally essential to delivering something truly innovative.
Today, the IoT (Internet of Things), fueled by AI (artificial intelligence) and machine learning are driving many industries—including construction. So much so that artificial intelligence-derived business value is forecast to reach $3.9 trillion in 2022, according to Gartner.
The IoT (Internet of Things), AI (artificial intelligence), and machine learning open the door to new opportunities to collect and analyze data, potentially saving millions on projects. But is the construction industry ready to take that next step toward greater innovation?
Too often when we talk about infrastructure, we do it with a lens that is looking backward. We identify the failures that have happened in the past. We reminisce about what should of or could have been done—and that conversation is important. But I think we need to spend more time talking about what is coming—like, what is really coming in the future.
Back in 2015, we at Constructech recognized the emergence of a new trend that has only exploded since that time: investors were eyeing that construction technology was an industry to fund. At the time, we identified that investors were interested in the construction-technology market because the construction industry is attractive—it’s large and it had been growing faster than the GDP. That trend is still apparent today, and it is changing the shape of the construction-technology market.
Recently, Peggy Smedley and I had the opportunity to attend the Topcon Roadshow Media event in Carol Stream, Ill.—and there were a few key takeaways that demonstrate how technology is reshaping the construction industry.
Technology is disruptive on many fronts—at the jobsite and in the office. While there is a big focus on how equipment, tools, and systems are advancing in the field, there is also a significant shift happening in the office that will impact both how the construction industry works and builds.