Let’s now discuss the important industry trends for 2022 which add a lot to this firm for staying competitive.

Protective equipment

As we all know, the Covid-19 pandemic has almost affected all industry guidelines and protocols of the workplace, similarly, the construction industry has also been drastically affected by the pandemic affecting construction site rules and guidelines with safety protocols which includes increased influence of union projects, which adds cost and time to projects. The rise of machines that are capable of identifying common safety issues which eliminate those identified threats one at a time. If a person has fallen, the work Boots that are connected to Wi-Fi alarms and alert others, this is a new wearable innovation. Not only working gear but beyond that, we could also see robots that are fully replacing human workers.

Efficient Technology

The innovations of a technology that enhances efficiency are much important and required for the builders and developers at this point of time amid the post-pandemic. Some such technologies that can be seen emerging in 2022 and beyond include

Smart contracts– Allowing to buy, track and pay for services, the smart contracts provide all organisations in a project with a shared system for carrying out business.

Construction drones – one of the fastest-growing technologies in construction sites is drones which are used for aerial photography for real estate and commercial efforts. For mapping large areas covering long distances, drones are being rapidly used, producing the most valuable aerial heat maps and thermal images. In place of human workers, drones can also perform the job of preventing injuries.

Augmented Reality (AR)

It facilitates the use of wearable technology and 369-degree video to enable surrounding projects’ 3D visualisation of coming future projects, also measuring buildings automatically along with making speedy changes of architectural and structural that are affordable too. It also enables safety training and hazard simulations.

Building Information Modelling

This technology helps industry leaders in standing out with improved efficiency.

It helps in generating computer renderings of utilities and buildings. Leading to on-time and accuracy of completion, the ease of managing these models and sharing data enables superior prefabrication of parts.

BIM top-rated software solutions available in 2022 include Autodesk BIM 360 , Trimble connect, Archidad, Navisworks, Revit, BIMx.

Growing needs for labour

The vast increase in the demand for labour is one of the most noticeable construction trends of the past few years. Though robots have already contributed a lot in picking up a lot of the slack again quality labour is expensive and competitive. No matter whether these robots continue to give their best efforts, there is still a need for more educated workers to handle and interpret the data that are produced by new emerging technologies.

Remote worksites and mobile access

The industry allows worksite access like never before due to emerging mobile applications which include real-time inspections, on-site accountability and measurement accuracy that are taken from a mobile phone camera.

Rising material costs

The rising interest rates and production costs are likely to compound all types of costs resulting in pressure on total construction. Some technologies like drones AR, and BIM are key ingredients in maintaining project volume and reducing this cost pressure up to a great extent.

The post Construction Industry Trends 2022 appeared first on The CEO Views.

Positive impacts of construction technology

The construction industry has always strived to build better, stronger, and taller buildings. Construction technology has been a great asset in that endeavour. What we now consider staples at construction sites were revolutionary 50 or 100 years ago. For example, the invention of the mini excavator helped Japan’s housing and urbanization boom in the 1960s when the Yanmar Construction Company created the first wheeled and diesel-powered machine. It replaced labourers using pickaxes and could fit in most areas, even those with restricted access. The same principle is used with construction technology nowadays. New technological advances like mobile apps, drones, and virtual reality can help the construction industry improve productivity, increase worksite safety and create more environmentally-friendly buildings. But that’s not all construction companies successfully use construction technology for. So, below are listed seven positive impacts construction technology has on construction businesses worldwide.

Mitigates Project Uncertainties

When you can see how the smallest changes affect the overall project outcomes, you’ll improve your project management efforts, and you’ll be able to fix problems faster. Technology enables construction teams to make hypothetical changes to the project and see their impact in real-time to make cost-effective decisions. You can detect any potential errors that might affect the project. In turn, this means you can plan construction activities better and make corrections to existing processes. A great example of effective use of BIM is 22 Bishopsgate in the City of London, the tallest building in the financial district of the UK’s Contributes to Better Building Quality Using high-tech tools and technology ensures greater precision. This means more accurate measurements for foundations, corners, or perimeters but also more detailed mapping of existing structures. All of this greatly contributes to creating and delivering high-quality buildings. But, building new construction is just one area where construction technology can be helpful. Another thing to consider is how to adapt older buildings to become more energy-efficient and structurally stable. When you consider the fact that 80% of the homes people will live in by 2050 have already been built, the construction industry needs to focus on retrofitting older buildings to create more modern and healthier living environments for people. These include improved lighting and HVAC systems, fire safety, and energy standards. Additionally, this also means adapting and renovating old structures to meet net-zero targets and comply with government environmental regulations.

Enables More Efficient Collaboration

Just a few years ago, construction teams could only rely on emails to make project changes, answer questions, and offer suggestions. Nowadays, with the rise of cloud-based software and mobile apps, communication and collaboration are significantly better. Collecting and storing data in one source that everyone can access enables faster and more efficient collaboration. Different team members can make changes, comment, or respond in real-time. But the best part is that everyone knows how the project is progressing, so important decisions are made with the input from every stakeholder. Contractors, architects, project managers, and clients can work together to finish projects on time and within budget. To clarify this point, companies that use BIM and other construction technology can see improvements in the following areas: Improved design quality Reduced errors and rework Increased percentage of successful projects Improved cost control There has been an 85% improvement in some cases, brought about simply by implementing construction technology to streamline a company’s processes and enable better collaboration. There is more transparency and insight, which creates a positive working environment.

Many construction companies might be hesitant to invest in construction technology due to high costs and a lack of confidence in their own ability to adapt. But when you see the positive impact, it can have on your internal processes and daily operations, the investment proves to be a sensible decision. The most important thing is to do your research and adopt technologies that make sense for your company. Think about processes you can improve and which technologies will give you the most ROI. Remember that companies that stay up to date with the latest technological advancements can create more job opportunities and give more value to their clients.

The post How Construction Technology Will Benefit You appeared first on The CEO Views.

Apps are becoming more of the norm in construction and for good reason. The increased portability of tablets and smartphones allows for greater communication and the ability to work from anywhere. More specifically, data collection apps are helping construction companies gather faster, more accurate and higher quality data from the job site. Integrating this type of technology into your current processes is simple and requires a smaller upfront investment while still providing major benefits, including Significant time savings & reduced data entry errors. Data collection app users have reported more than 20 field and administrative hours saved each week, along with a 50 per cent reduction in data entry errors. Helpful tip: Estimate your ROI potential by using our free online calculator. Enhanced workflows. You can automate data collection workflows so the submission of one form triggers another form to be sent, and so on until a particular task is completed with all necessary signoffs and collected data. Additionally, some data collection applications offer mobile forms and web forms apps so your team can submit forms on their smartphones, tablets, laptops, desktops – basically any digital device. Improved safety compliance. Data collection apps can facilitate everything from daily equipment inspections to near-miss reporting to a comprehensive job safety analysis. Instant reporting. Whether you need daily job reports, quick turn-around on client deliverables or fast access to legal documentation, a data collection app is going to help you streamline reporting. You can also easily customize reports based on your business needs.

2. Drones

Drones are the most widely used emerging construction technology. They can conduct site surveys more quickly and accurately than a crew on the ground and are cheaper than aerial imaging. Their high-resolution cameras and the data collected can create interactive 3D or topographical maps and models and take volume measurements. Another benefit of using drones is the ability to inspect hard-to-reach places such as bridges or tall buildings and to do it safely. You can also use them to monitor progress on a job site and see how people are working.

3. Building Information Modelling (BIM) Software

The use of BIM provides space for better collaboration because each person and expertise area can add their piece to the same model, instead of breaking out onto multiple versions of a 2D paper drawing. This way, the model evolves immediately as people contribute, streamlining the process and increasing efficiency. BIM also helps with problem-solving in the design and planning stages of a project, by automating clash detection and providing a more complete picture of the project. We’re seeing more and more global government initiatives to make BIM a compulsory procedure for large-scale facilities projects, including in India, Hong Kong, France, South Korea, Germany and Italy. In the United Kingdom, BIM is already mandatory for government construction projects. According to Research and Market’s 2021 Building Information Modelling Market Report, emerging trends that will have a direct impact on the industry include AI development in BIM, increased demand for BIM-based cloud collaboration, and modular construction and prefabrication.

4. Virtual Reality and Wearables

Virtual reality technology is often used in conjunction with BIM to help better understand complex projects. Think of the potential: you create a building design with BIM and then are able to use VR to actually walk around it. Pretty cool, right? This will give your team, or the client, and even more realistic idea of what the project will look like once completed. Having a more complete grasp on the project before it begins gives you the opportunity to avoid big changes and expensive change orders mid-way through. Wearables are a construction technology that is not only making a positive impact on safety but also productivity. AsphaltPro published a recent article on the topic, reporting that wearable technology in the construction industry can increase productivity by 8.5 per cent and workplace satisfaction by 3.5 per cent. The article also highlighted some notable products on the market, including XO Eye Smart Glasses, Spot-r Wearable Sensor and Redpoint Positioning Safety Vest Sensors.

5. 3D Printing

3D painting as a construction technology has the potential to change material sourcing. For prefabrication, materials for a project can be printed and then transported to the job site, ready for use immediately. This can allow you to get materials faster and streamline the process by removing extra steps in the middle. 3D printing makes it possible to print materials right on site, reducing waste and further saving on transportation and storage costs. However, one of the current challenges with the adoption of this technology is limitations with mass production. Although some 3D printers can produce on a larger scale, they are expensive.

6. Artificial Intelligence

For years, artificial intelligence (AI) has provided benefits to construction projects through increased safety, improving workflows, and getting jobs done faster and better. However, many construction companies continue to navigate and learn how to best apply this complex technology within their organization. Some larger firms have started to build out their own AI programs to help with internal decision-making processes and operations. While others are relying on third parties, such as AI advisors and solutions providers, to audit their current practices and identify opportunities for AI and/or machine learning implementation.

The post 6 Types of Construction Technology You Will Use in the Future appeared first on The CEO Views.

While the construction technology industry is still filled with players offering point solutions or limited suites, our latest annual effort to map and understand the construction technology landscape reveals that the industry is moving toward platforms and predicts that a combination of multiple platforms will coexist in the space. As the global COVID-19 pandemic forces many construction players to digitize and use technology to ensure the safety of their workers and boost productivity, this dynamic will likely only continue to accelerate. There are significant opportunities to create value for both strategic and financial investors that are evaluating consolidation plays.

COVID-driven impacts

The continuing pandemic has also had an impact on the construction technology industry. As thousands of health professionals heroically battle the COVID-19 virus, construction industry leaders are also charting a path toward keeping their employees, contractors and end-users safe. Indeed, the bulk of short- and long-term pandemic-driven construction industry issues will be solved with technology. Top construction companies were already investing heavily in technology pre-pandemic. By necessity, contractors, architects, engineers, and suppliers have quickly shifted to working and collaborating digitally—from video-call site meetings to filling digital orders. While there has already been a rapid increase in collaboration technology uptake, the pandemic has also triggered a painful shakeout. Many contractors are seeing shrinking backlogs and more competitive bidding environments, which have analogously impacted the construction tech industry. Construction tech players have been forced to lay off employees and cut costs to manage cash flow.

Continued uncertainty on recovery timelines and the risk of virus resurgence could drive an additional wave of bankruptcies among smaller players, further accelerating the trend toward industry consolidation. Taking the good with the bad, we expect that the continuing COVID-19 pandemic will drive a net acceleration in the use of technology and the construction industry will continue its transformation from a highly complex, fragmented, and project-based industry to a more standardized, consolidated, and integrated one.

Construction tech in the platform era in 2018, we first assembled multiple data sets and employed advanced analytics to map the global construction technology industry ecosystem. We recently refreshed our analysis and found that the largest clusters of use cases include 3-D printing, modularization, and robotics; digital-twin technology; artificial intelligence (AI) and analytics; and supply-chain optimization and marketplaces.

The post ROLE OF CONSTRUCTION TECHNOLOGY appeared first on The CEO Views.