The Future of Construction Is Driven by IoT

December 12, 2017 Sarah Lorek

It’s an exciting (and sometimes frightening) time to be alive. With the rise of Artificial Intelligence, machine learning, and the Internet of Things (IoT), many industries are on the verge of revolutionary changes. One industry that is perhaps facing the most drastic shift is the AEC industry.

In their last annual report, Building a Technology Advantage - Global Construction Survey 2016,  KPMG reported that two-thirds of 200 or more AEC executives and owners surveyed claimed to not use advanced data analytics to monitor estimation and performance. In addition, even though project-related risk is increasing, no more than 20% of respondents said they planned on reevaluating their business models in response to rapidly changing technology.

So why aren’t more industry professionals adopting new technology to position themselves above the competition? Some say it’s cost, scale, and lack of existing use-cases. Others suggest that a major shift in mindset has to happen before the industry can join everyone else in the future. Regardless of where you stand on the subject, take a look at the graphic below, and see if any of the innovations could impact your firm-- for better or for worse.

The Future of Construction Infographic

 

Adapt or die

About the Author

Sarah Lorek

Sarah is the Content Manager/Editor for Constructible and Trimble MEP. She has worked on many large scale marketing campaigns for Fortune 500 companies, helping them define their story and shape a compelling narrative. Now, she focuses on creating and sourcing valuable thought leader content for our readers.

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