The cloud covers just about everything these days but in many cases, it lets the light shine through. For example, Washington State’s Peninsula Light Co., (PenLight) will be updating its power distribution system with Verizon’s Grid Wide Utility Services Intelligent Energy platform. Grid Wide is a managed, cloud-based, IoT (Internet of Things) platform-as-a-service developed by Verizon to help utilities modernize their systems. It allows utilities to remotely configure, monitor, and manage endpoints within their service areas, creating operational efficiencies and improving customer service.
Global spending on blockchain is anticipated to grow significantly this year, as it offer new opportunities for businesses. However, understanding a new technology and recognizing potential use cases and benefits can be challenging for construction companies.
In 1888, San Diego’s Hotel del Coronado was an architectural masterpiece, acclaimed for its modern amenities. With its one-of-a-kind silhouette—once compared to a cross between an ornate wedding cake and well-trimmed ship—the resort was known throughout the country and around the world.
The numbers continue to roll in. AI (artificial intelligence) is one of the hottest technologies of 2019, and not only that, organizations are expecting implementations to skyrocket in the next year. Is your construction company ready for the transformation that is about to take place?
With the rise of the IoT (Internet of Things) and AI (artificial intelligence), construction companies have big opportunities to leverage emerging technologies, but with it comes the need to keep the data secure. Cybersecurity needs to be continuously measured, reported, and mitigated.
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.
Most of those working in technology in the construction industry recognize a big trend that has taken place in the past several years: the technology giants are getting bigger, mostly driven by M&A (merger and acquisition) activity.
The integration of the IoT (Internet of Things) on construction jobsites is helping construction companies save costs on lost and stolen equipment. Technology proves to be a solution to find expensive equipment that is not registered under a database.
M&A (merger and acquisition) activity continues to happen at a fast rate in the construction industry, with many providers proposing integration and transformation for the space.
Digital transformation is impacting the construction industry in a number of different ways. For instance, technology is helping preserve historical properties into a digital experience.