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Behind the Dazzle of Equipment Makers at CES Lies an Industry Slow to Adopt
The 2024 Consumer Electronics Show in Las Vegas ended a couple weeks ago, but still has us curious. Some of the biggest brands in construction equipment showed up with their latest products – including Caterpillar with an electric underground mining loader, Doosan Bobcat with an electric skid-steer loader and notably […]
Five Key Takeaways in Tools, Equipment, and Robotics: A Look Back at BuiltWorlds’ 2023 Benchmarking Data:
As the popularity of this research topic continues to grow, BuiltWorld’s recent findings are a good place to start for those newer to the space. Some key takeaways below: Companies are testing robotics solutions, but few use them regularly. 44% of BuiltWorlds’ Tools, Equipment, and Robotics survey respondents reported testing […]
Does Increased Industry Participation at CES 2024 Mark a Return to the Golden Era of Equipment Innovation?
By now, most everyone in the construction industry is familiar with the McKinsey study from 2015 arguing that construction has seen a standstill in productivity improvement since the 1990s, while other industries have vaulted in productivity. The study offered a range of explanations including poor communication, poor planning, and insufficient […]
Revolutionizing Construction: The Transformative Power of Copilot Technology
The back half of 2023 held many exciting announcements from solution providers as many of these organizations were finally able to unveil their strategies around generative AI technology. The big opportunity with this next generation of technology, as seen by these companies, is the integration of copilots into existing software […]
Contech AI/ML Solutions saw Major Pullback on Investments in Q4 2023 – What’s Ahead in 2024?
With the release of the 2023 BuiltWorlds Annual Venture Report yesterday, we were treated to a year overview of investment activity across the entire ecosystem. The highest-level takeaway:2023 saw another record-breaking year in terms of deal volume and value. Additionally, that record-breaking activity is mostly due to the huge uptick […]
AI-Enabled Briq Raises Next Round Despite Investor Focus on InfraTech
While times are uncertain for startups looking to raise capital in the AEC industry, infrastructure technology has been a relatively sure bet for investors and one that extensively propelled built-world venture capital funding to another record year in terms of inflows. Nonetheless, AI-enabled companies are also receiving considerable attention. Briq, […]
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