Of course, we live in a data-driven world. From your handheld computer, called a smartphone, to the supercomputer on your desktop, data is everywhere. The social media that has become the go-to source of communication and interaction depends on input—data—to provide that communication.
Artificial intelligence is moving rapidly from tech-toy status to serious investment throughout the industries experimenting with it. Global spending on AI (artificial intelligence) systems is expected to show strong growth, as businesses invest in projects that use the capabilities of AI software and platforms.
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.
Residential construction continues to get a boost with new technology, especially with the growth of emerging technology such as AI (artificial intelligence), AR (augmented reality), VR (virtual reality), and so much more.
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.