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Introduction We all know the construction industry has a people problem. 89% of construction firms report a talent shortage. Our workforce is quickly aging. By 2020, individuals under the age of 40 will make up 50% of the U.S. workforce. However, the median age of U.S. construction workers is currently […]
The built world’s productivity lag is no secret. For a fast-moving and dynamic industry, construction projects still rely on outdated, inefficient practices. From the job site to the office, communication is often limited, access to important information is inconsistent, and scheduling is disjointed. The good news? That is beginning to […]
Introduction Venture capital is flooding the built world and helping numerous tech startups disrupt the industry. As an established enterprise, you may feel threatened by these disruptions. It’s no use trying to beat progress. We’ve all heard the saying, “if you can’t beat ’em, join ’em.” What if you became […]
2018 is shaping up to become the year of the built industry tech venture boom. Just ten years ago, there were two measly construction technology investments totaling $4.5 million. Closing out 2017, these numbers soared to 40 deals with a price tag of $538 million, according to Pitchbook. We have […]
Introduction We all know that traditional practices for construction progress monitoring, site surveying, and safety monitoring are slow and unwieldy. Drones are on a course to fundamentally alter these processes by providing a comprehensive visual record of the job site. Drone use in construction has increased by 239% in the […]
Introduction We all know that the construction industry has the potential to greatly improve its productivity. The industry’s productivity levels are currently suboptimal due to the way that project teams store and process data. 2D models do not allow project teams to carry out thorough performance analyses of a building […]