The heart of any construction project is the data. It gives insights into project operations and financials. It is the lifeblood for ensuring projects are complete on time and on budget. Technology companies recognize this and continue to create partnerships that will help contractors tap into that data.
The numbers are well cited: 69% of construction organizations are manually re-entering data from application to application. The lack of standards and integration among technology systems in the construction industry have hampered adoption of software in the past.
Is your construction company secure? Too often, breaches give criminals access into data, slowing business and costing a lot of money—and no company is immune. Further, new legislation could create minimum security requirements.
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.
Emerging technologies—wearables, AR (augmented reality), VR (virtual reality), AI (artificial intelligence), machine learning, digital twin, and more—continue to proliferate the construction industry. Companies need to be aware of what technologies are coming—and which are a good fit for the jobsite.
Of all the infrastructure grades from the ASCE (American Society of Civil Engineers), rail has received the highest grade of a B on the most recent report card. The transportation system has been critical for the U.S. in years past—and will continue to have new needs in the years ahead.
Last week’s bauma Media Dialog was a good introduction into what is coming to the show in April—and this is just the beginning. A bevy of announcements demonstrate how equipment and technology are evolving, leading to a smarter, safer, and more productive jobsite.
It is well reported that there is a need for federal and state investment in transportation, public buildings, water systems, and other vital infrastructure. Not only does it ensure secure and safe systems, but it is also essential to creating good jobs and economic recovery.
Despite the split U.S. Congress, infrastructure historically is one of those issues that gets bi-partisan support. With that in mind, our elected officials are going to have to find ways to work together to accomplish key goals that benefit the American people and that just might mean getting buy-in from both sides of the political aisle—Democrats and Republicans—because an investment in the nation’s infrastructure often equates to an investment in its future economic success. President Trump has made some big promises, but the Federal Government’s next move in infrastructure investment remains to be seen.