The worker shortage is impacting how the construction industry rebuilds following natural disasters—but perhaps technology can step in and help after hurricanes, tornadoes, or other similar events.
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.
Critical infrastructure—more specifically transportation systems—are continuing to change at a rapid pace, demonstrating how new innovation can reinvent roads and railways. Construction companies will need to be involved in helping build these transportation systems.
Hospital construction projects have been growing in recent years, as many new, large-scale hospitals have been built. FMI suggests growth will continue in healthcare construction, as it is up 6%, or $42 billion, in the first quarter of 2018 compared to 2017.
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.
Perhaps one of the best ways to learn is by looking at other examples. Such is the case with technology implementation in the construction industry. Three new case studies—with one big overarching trend—point at how construction companies are implementing solutions to improve operational efficiency.
The residential construction industry has a unique set of needs that technology can help solve. Today, two big emerging technology trends are unfolding in the construction industry.
From residential homebuilding to commercial infrastructure projects, construction companies need the right tools both in the office and at the jobsite. Today, the hardware for the jobsite continues to advance, offering new ways to manage projects.
March 8 is Intl. Women’s Day, which is a call-to-action to progress gender parity. The 2018 campaign theme is to press for progress. This is because the World Economic Forum 2017 Global Gender Gap Report finds that gender parity is more than 200 years away. Thus, there is a strong global movement.
Standards are essential to ensuring change happens. When it comes to safety on the construction jobsite, standards can help ensure a better working environment, ultimately saving lives. This is critical as the ASSE (American Society of Safety Engineers) indicates that every day more than 7,600 lives are lost due to work-related incidents. That equates to roughly 2.8 million fatalities a year.