Innovation — construction industry

Construction industry’s ‘next normal’ to emerge at The Big 5 Digital Festival On 23-26 November, 120+ expert speakers, 500+ global brands, and thousands of industry professionals to take decisive actions for the future of the world economy’s largest ecosystem. As the world is preparing for the next normal, so does construction. Today, construction leaders are tasked with not only navigating through an ongoing crisis, but also to accelerating an impending disruption, which will be crucial for the recovery of an industry accounting for 13% of the world’s GDP. From 23 to 26 November, industry leaders from around the globe will...

Increasingly tech-enabled construction industry powers forward despite volatility Strong construction momentum will easily carry through the first half of 2019, despite project margins facing pressure from all sides. JLL’s Construction Outlook finds robust U.S. economic fundamentals will drive further growth of the sector, which in 2018 recorded a 5.1% increase in total construction value and a 4.5% increase in employment. Potential risks to the construction sector such as trade war escalation, deteriorating macroeconomic conditions and the worsening labor shortage, are largely balanced by potential boosts that include a large-scale federal infrastructure package, relief from tariffs and the continuation of 3.5% annual GDP...

Drones to propel new innovations in the construction industry The construction industry is changing rapidly and to cater to the booming demand and increased expectations, the role of technology would increase at every level of construction. It is expected that in the next 10 years, the use of drones in construction will register a manifold growth and for futuristic buildings, drones will play a leading role. Drones would lower the costs of projects, increase productivity and enhance data sets through improvements in photographic visualization. Improvement in surveying accuracy would be another benefit of using drones in construction which would help...

Technology trends that will reshape the construction industry The global construction industry continued to make progress this last year on efforts to leverage new technology to tackle its longstanding and well-documented productivity challenges, according to Burcin Kaplanoglu, Senior Director, Industry Strategy and Innovation, Oracle. That trend should accelerate further as forward-looking AEC firms embrace new tools, approaches and data-centric strategies to improve project and business outcomes, he says. Kin to the Bechtel dynasty, Darren Bechtel of Brick & Mortar Ventures recently noted in Wired Magazine that construction is “one of the last massive industries to be disrupted”. There is growing...