There has been a lot of talk lately about smart-home technology, especially with the recent IBS (Intl. Buidlers Show). In fact, this discussion has been happening for more than a decade—back when the term was AHT (automated home technology). But has all that hype had an impact on homes?
As of late, there has been an infusion of funds into many of the young tech startups coming out of Silicon Valley and across the country. But will this money help to jumpstart innovation in the construction industry?
Held last week, the IBS (Intl. Builders Show) was a bevy of announcements that set the stage for where the residential construction market is headed in 2018 and beyond. Here are some of the top announcements and trends discussed at the show.
The Bureau of Labor Statistics shows that the construction workforce grew by 1.66% between January 2017 and October 2017. Comparatively, the industry grew by 2.1% in 2016. Nationally, according to the BLS, that’s equivalent to 113,000 new jobs in 2017 compared to 144,000 in 2016.
Business may be booming in construction, but the level of performance for construction companies is certainly in need of a boost to keep up the pace.
As investments rise for new technology on the jobsite, investment in the resources that are needed to manage them must also rise. The SIM (Society for Information Management), www.simnet.org, is reporting IT budgets have increased by 23%, raising total investments to $107 million in 2017.
Integration enables construction companies to improve business processes by linking model data to other business process in the office and at the jobsite—and now new investments could further this trend in the future.
Partnerships in construction have proven to be beneficial to the industry. An example of this is the now ongoing collaborations between FC-CS (FC Construction Services) and Vaughn Construction.
Drone use on the jobsite enters a new dimension as AR (augmented reality) is poised to change how data is captured at the construction jobsite in the future.
For the construction industry, tools should help take the strain off the worker, enabling a job to be finished as effectively and efficiently as possible.