Can machines help construction professionals think better? A recently released study by Bentley Systems implies many in the industry do not believe so—or, at the very least, their actions suggest they don’t. Of the 720 construction business professionals surveyed, just shy of half (44.3%) of the respondents in Bentley’s survey say they have limited or no insight into company or project performance. However, 45.2% say they do recognize the importance of collecting project data, they’re just not doing it or making the most of it.
Smart cities are on the rise across the globe, as a result of increasing urbanization and the need to provide citizens with new technology, while also improving quality of life, addressing aging infrastructure, and a renewed focus on environmental sustainability.
Often construction CIOs and executives are leery of “shiny” toys that offer glitz, glam, and a lot of hype, but little tangible benefits and ROI (return on investment). Do drones fall in this category, or are they beginning to offer true benefits to construction beyond the cool factor?
In the past five years, the amount of investment in construction-technology companies continues to rise, as investors look at this market as one that is ripe for innovation. In an industry that needs solutions to complete complex projects in a quicker timeline, technology could be the solution, and investors recognize this.
Research shows that autonomous driving is on the rise—and this could mean a new way to drive both on and off the jobsite for the construction industry.
With construction projects becoming more complex and a continued lack of skilled workers, companies more often need to rely on software to help fill in the gaps. Technology can be key to help businesses become more efficient, and thus more profitable. In order to do this, contractors need choice.
The IoT (Internet of Things) has proliferated many aspects of personal and professionals lives. The trend is moving into our infrastructure, with a new report suggesting that data has “woven itself into the central fabric of the water economy.”
The age-old business adage that the customer is king rings true in today’s always-on, always-connected society. For residential builders, this is as evident now as it has ever been, and predictions show analytics and technology are going to be key to driving forward a successful CRM (customer-relationships management) strategy.
Homebuilders are demonstrating that they have the wherewithal to build high-tech homes. A closer look at the homes—and the processes and methods used to build them—show that today’s builders are on the cutting-edge of innovation and are taking some pretty unique steps forward.
We are entering the era of robotics and AI (artificial intelligence), where machines can help make decisions about work being done on construction jobsites, while also taking some of the back-breaking tasks off workers. A historically labor-intensive industry, robotics offer an opportunity to help automate projects and heighten productivity.