In the last few weeks, we have embarked on a blog series, looking at general technology trends, the digital infrastructure needed, and specific technologies that will impact construction. We have also explored what the worker and customer wants and how that influences construction, with a focus last week on cities of the future. Today, let’s narrow in on the home of the future.
We have all heard the numbers. Labor-productivity growth in construction has averaged only 1% a year in the past two decades, which is compared with growth of 2.8% for the total world economy and 3.6% in the case of manufacturing.
The age-old business adage that the customer is king rings true in today’s always-on, always-connected society. For residential builders, this is as evident now as it has ever been, and predictions show analytics and technology are going to be key to driving forward a successful CRM (customer-relationships management) strategy.
Digital transformation and the IoT (Internet of Things) are poised to grow in a big way. Zion Market Research, for example, predicts digital transformation will grow 19.2% between 2016 and 2021. Perhaps one of the biggest areas for the construction industry to become connected and the adoption of the IoT is at the jobsite.
For those of you who follow this blog closely, you know that I have been covering what it takes to enable a smart, connected construction jobsite. In the past four weeks, I have dove into workers, materials, construction equipment, and tools. Today, I am going to wrap the series up, giving my perspective on what works, what doesn’t, and what is needed going forward.
There has been a lot of talk lately about smart, connected jobsites—which encompasses everything from tools, to equipment, to workers, and even materials. For the next few weeks, I want to focus on a few of these areas to identify the best way to help connect the jobsite. First up, workers.
The notion of a connected jobsite has been espoused for years, as workers can track tools, assets, equipment, materials, and more using IoT (Internet of Things) technologies. The challenge in the past is tools and other tracking systems often operate on separate, independent platforms, making it difficult to track everything in one central location.
I have had IoT (Internet of Things) on my mind a lot lately. Earlier this year, you might remember I penned a blog about my key takeaways from IBS (Intl. Builders Show). Here I contend that many people were talking about the IoT and AI (artificial intelligence), but few it seemed grasped how it would impact the industry in 2018 and beyond.