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.
Let’s talk security in construction for a moment—because it impacts every single worker in the construction industry. If you think cybersecurity isn’t your business, you are wrong. It is, and you need to be prepared.
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.
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.
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.