The construction industry is constantly evolving and changing. Every year, there are new construction trends that emerge and shape the way we build. Some of these trends are driven by new technologies, while others are a response to the ever-changing needs of society.
According to McKinsey, construction is the largest industry in the world.
And it makes up about 13% of global GDP.
But it is also one of the slowest growing.
However, new construction technologies are looking to speed up the rate of change.
In order to stay ahead, it’s important to be aware of the latest construction trends. This will allow you to stay ahead of the competition and make the most of the opportunities that are out there. Keep reading to learn about the construction trends that you need to know about!
Investing in future Infrastructure
Heavy investment in Infrastructure
There has been an unprecedented level of investment from federal and state governments into the construction. As more companies use these funds for infrastructure projects, the need to leverage the latest technology in construction would be paramount to provide the highest benefit to the public.
GIS powered Asset Management
GIS technology introduction
Easy access to technology has given rise to companies integrating GIS databases into their assets to manage them during and after construction.
Mobility on the field
Easy and faster data capture
Access to mobile devices has made using bulky computers and tablets obsolete and it has made it easier than ever before to record data in lesser time for producing comprehensive daily reports.
Transparency and engagement
Improving collaboration and visibility
With the help of the internet and technology, the new generation’s demands are evolving. Websites with GIS databases are becoming more prominent catering to the evolving needs of this generation who don’t want to visit the company or make a phone call to see the updates.
IoT + AI Powered workflows
Insights from IoT data
Credit goes to the Internet of Things (IoT), sensors are deployed almost everywhere around us and with the help of Artificial intelligence (AI), producing insights from this data are playing an essential role.
Mixed Reality taking the lead
Next-gen wearables becoming mainstream
Wearable innovations are making their way to the job site with work boots that connect to Wi-Fi and alert others if a person has fallen. As well as we are also witnessing a rise of machines capable of identifying common safety issues and eliminating those threats one at a time.
Sustainable construction methods
Green Construction is an expectation NOW
Green construction is the expected standard for homebuyers, renters and commercial tenants. Unfortunately, many sustainable and eco-friendly features remain a luxury, despite their long-term savings — though this will change over the next decade as ecotech and sustainable construction become more mainstream and with Australia set to be carbon neutral by 2030, this would be one of the major contributors for the cause.
Modular and Offsite Construction
Great profit margins due to modular construction
New technology also enables these prefab and modular buildings to grow larger than ever before and is driven by a lack of skilled labor and an increase in cost-cutting technology.
How to start and not stop?
I would recommend starting simply by just taking this approach, which has negligible risk, simple and yet an amazingly effective positive step towards our goal of a proactive strategy
A) Take pen-paper or manual method (start now)
Start implementing the recommended strategy using your existing technology resources for a known and low-risk segment of Suppliers within your business to find out what works and what doesn’t. Indeed, this causes efforts, but this will pave the way for better clarity around unknown risks.
B) Take help from us
If you are ready to make a shift from reactive/preventive strategies to proactive strategies and stay ahead of the competition, let’s get in touch.