Constructing with the Power of Digital
In this report, you will find a vision for how technology can deliver a more profitable, resilient, and agile industry, and a better built environment.
New technology, by its nature, is disruptive. It breaks and remakes business models, reshapes definitions of value in markets, and creates not only new forms of competition, but new competitors too. Today, the number of new technologies emerging is breathtaking: 3D printing, infinite computing, crowdsourcing, robotics, machine learning, drones, big data, the Internet of Things (IoT), and reality capture, to name a few. These trends are transforming how we design, build, and operate buildings and infrastructure.
By 2030, population growth, urbanization, and economic expansion are forecast to increase worldwide demand for construction output by 85%1. Fulfilling this pipeline will not be a case of ‘more of the same.’
|Today, one of the industry’s biggest challenges remains its level of labour productivity. If the workforce is 10% less efﬁcient, proﬁts are reduced by a minimum of -5%|