Use this document to identify trends within the construction industry to provide insights into the opportunities and challenges ahead, leading to the future of the industry. This report outlines four key trends transforming the industry:
- Sustainability: Sustainability initiatives are often seen as bottlenecks, or mere benchmarks for companies, especially with the growing focus on green construction practices. Technology is pivotal in advancing these efforts, enabling companies to contribute to a greener future while also uncovering cost-saving opportunities.
- External Realities: Extended realities (XR) leverage digital twins to enable better design, project visualization, and collaboration. XR allows companies to visualize, manipulate, and analyze complex construction systems in real time, without affecting the real product, which offers strategic benefits for optimization and risk reduction.
- Artificial Intelligence: Artificial intelligence (AI), encompassing machine learning (ML), intelligent automation (IA), and generative AI, is helping to develop deeper insights into data-driven decision-making. These tools can be leveraged to automate and optimize components throughout the construction value chain, creating new strategic opportunities.
- Robotics & Drones: The capabilities of robotics and drones continue to evolve, offering ways for companies to automate safety and quality control tasks, which is a crucial component of construction. Furthermore, they are being used to assist to complete rigorous tasks, offering more time and area for human intervention.
The report highlights the trends' signals, drivers, and impact on your organization and offers recommendations. Use the insights from this report to guide strategy development and initiatives planning.
