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.
Big innovations in home appliances can offer builders the opportunity to construct the smart home that buyers are seeking.
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.
The IIoT (industrial IoT) is often referred to in conjunction with manufacturing and automated factories—so how might this impact the construction industry in the months ahead? With a rise in pre-fab manufacturing and the move toward off-site production methods, the construction industry stands to benefit from the rise in the IIoT, as much as any other vertical market.