Smart Cities

Building Greater Efficiency into the Construction Industry

2017 was an important year for the construction industry. Consultancy firm McKinsey estimates the sector to now be worth around $10 trillion, potentially growing up to $14 trillion by 2025. While the numbers are impressive, what made 2017 so important for the construction industry was realizing its inefficiencies. The early introduction of advanced technologies have highlighted the vast gains to be found from modernizing construction processes. An article in the Economist last year entitled ‘Efficiency eludes the construction industry’ suggests that American builders’ productivity has plunged by half since the late 1960s. Whilst a McKinsey report concluded that while some construction companies are adopting new digital tools to enhance their productivity, including 5D modeling and data capture from drones, they say that tends to be the exception to the rule. “Most companies, however, have legacy systems and unique requirements for budgets, planning, and operations, so change is difficult,” the report suggested. The McKinsey report highlighted […]

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Most Popular Articles

Smart Buildings

Bringing Small Buildings into the Smart Buildings Market

The vast majority of buildings are small and not very smart, and it is their small size that limits their “intelligence” by restricting their access to smart building technology. A staggering 94% of US office space is housed in properties under 50,000 square feet, according to the latest data from Energy Star, and that proportion is […]

Security

Building Better Fire Protection with Smart Technology

The destructive relationship between fire and buildings is as old as the history of buildings themselves. Fire protection has been a key reason for the development of new materials, construction methods, and safety protocols since the earliest buildings and each major fire acts as a trigger for innovation and regulation. The response to the Great Fire […]

Smart Buildings

Real Estate Service Firms Continue to Invest in Smart Building Tech in 2022

Acquisitions, partnerships and investments are playing an increasingly important role in implementing strategic goals for major stakeholders in the built environment, particularly in providing access to the range of innovative technologies being developed in the smart buildings space. We have seen a wave of investment by real estate services firms into technology solutions in 2021 with […]

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