I spent two days at IBS (Intl. Builders Show) walking the show floor, meeting with tech experts, and writing about homebuilders that are doing something innovative with new technologies. The buzz phrases were very much the IoT (Internet of Things) and AI (artificial intelligence), although I am not sure the industry as a whole truly understands how this will impact the residential market in 2018 and beyond.
There are two main areas that we need to hone in on to understand how the IoT is impacting the residential construction industry.
The first area that I am hearing the term IoT come up is from the software and technology providers that offer solutions to improve business processes both at the office and at the jobsite.
My key takeaway from the conversations I had with the technology providers is that the Internet of Things is here, and they are working to provide data in a way that is more meaningful to residential homebuilders.
I urge you to challenge your tech providers. Ask them the tough questions. Ask them how you can get more out of your systems. Ask them how their systems can provide predictive analytics to help streamline processes with trades. We all know there is a trade labor shortage that the industry is facing. Ask them how their technology can help solve this problem—because it can.
In the Home
The second area that I am hearing about the IoT is in homes, neighborhoods, cities, and beyond. Connectivity is proliferating every aspect of our daily lives, and homebuilders will need to incorporate this into new homes.
I believe this is the direction the industry is headed, but I also believe this is just the tip of the iceberg. Based on the conversations I have had with many of you up to this point we still have a long way to go. Let’s begin a greater conversation here. What are your key takeaways from IBS? Where is the homebuilding market headed in 2018? Let’s engage in a dialogue about how will technology help you get where you need to be this year and beyond.
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