The Future Of Construction Technology

The Future Of Construction Technology. According to mckinsey & company, investment in construction technology has more than doubled in the past decade. The challenge now is to achieve widespread adoption and proper traction.

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The new technology can facilitate in tackling challenges, including budget overspend, qc issues, and project delays. Tun un as we sit down with some of the vdc team from gilbane building company in a thought leadership series discussion on the future of construction technol. More than 50,000 documents are created over the life of a supertall building's construction.

In fact, less than 1% of construction companies' revenue goes back into technology research and development.

To learn more about the future of construction technology available to teams now (and the near future), download our new ebook titled, tomorrow's construction technology: To understand the present and future of construction technology, it is best to understand the seismic shift in technological adoption over the past few years. Compare this to the 3.5% invested in innovation by the automotive industry and 4.5% by aerospace companies. According to a mckinsey global institute report, reinventing construction through a productivity revolution, just a 1.8 percent increase in overall construction sector productivity through the adoption of new technology could increase its market value by $1.6 trillion.


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