We have been saying for years that our homes and buildings are becoming connected—way back when the term used to describe this was AHT (automated home technology). Today, the IoT (Internet of Things), AI (artificial intelligence), and machine learning are set to change the way buildings communicate—and thus are built.
Every construction company—small or large, residential or commercial—has something in common: a focus on ensuring the safety of workers.
Two big trends that continue to soar in the construction industry are M&A (merger and acquisition) activity and funding from investors—both topics we have written about quite a bit here at Constructech in recent years, but now it seems the activity is happening at a faster pace than ever before, and it could be good news for the construction industry.
As another example, sensors are becoming more precise. This was perhaps one of the biggest trends at Sensors Midwest. TT Electronics released its PHS family of rotary position sensors that provide precision sensing in harsh environments and critical applications where repair costs would be high in the case of failure.
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?