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.
A culture shift has been happening for more than 30 years—one that has driven more young adults to college and away from the trades. This has led to a significant shortage of workers in the construction industry.
The situation last week in Lynchburg, Va., was one no one wanted to read or write about, let alone live through, but it seems Mother Nature has little regard for human comfort and, at times, even human life. Heavy rainfall in Lynchburg put infrastructure back on everyone’s minds, as the potential collapse of the College Lake Dam weighed heavy on the minds of Virginians and Americans everywhere for several days.
Drones, wearables, and bricklaying robots: These are just a few of the new, cutting-edge technologies that are being touted for the construction jobsite. Today, analysts are pointing to pretty significant growth in all of these areas.
Buildings are getting smarter. Today, materials have embedded technology that enable them to make decisions about how the building should operate more efficiently. Additionally, IoT (Internet of Things) platform allows a building manager to make decisions related to a building’s performance based on realtime data and insights. All of this is coming together to help create smarter buildings.
As the market begins to pick up momentum, technology providers serving the residential construction market are creating new partnerships, acquiring other companies, and even receiving growth equity investments.
From hurricanes in the South to fires in the West, natural disasters have been wreaking havoc on this country, and much needs to be rebuilt. In many cases, rebuilding stronger, safer homes and buildings starts with the codes themselves.