If you have been following construction-technology news in early September, you have likely noticed a recurring trend: investment in tech companies is on the rise once again.
Smart cities are coming, or so we hear. In an era of connectivity, consumers have come to expect everything around them to be connected—from the public transportation system to the parking spots. The challenge is building out a truly smart city isn’t an easy feat.
In construction, many people hear the word disruption and have a negative reaction, but disruption is in fact a transformation that is caused by emerging technologies and new business processes. The companies that typically have a negative experience are the ones who simply don’t embrace it.
One of the biggest takeaways from Technology Days 2019 is this: If you don’t disrupt, you will be disrupted. Consider for a minute other industries, specifically taxis and hotels. Uber and Airbnb came in with a different model for providing these services and it completely turned those industries upside down. If you think this won’t happen to construction, you are wrong.