Technology Trends

Technology in construction: 5 trends shaping the future

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As the construction industry faces a wave of new technologies, navigating them can be overwhelming. This article guides you through the top five construction technology trends, offering invaluable tips to harness these innovations effectively.

Learn how to stay ahead and succeed in your digital transformation, ensuring your construction projects are not only competitive but also future-ready.

The progress of technology in construction

The construction industry is making notable strides in digitalization and the adoption of technology in construction. According to a McKinsey survey, global investment in architecture, engineering, and construction technology surged to $50 billion between 2020 and 2022, underscoring the growing importance of innovation in this sector.

Faced with increasing pressure to modernize tools and processes, construction companies must adapt to meet rising client expectations and remain competitive.

Factors motivating the adoption of technology in construction

 

  • Sustainability: Increasing investments and growing concerns about environmental impact are driving the adoption of technology aimed at reducing the industry’s carbon footprint. This shift is crucial, as the buildings and construction sector is the largest contributor to greenhouse gas emissions, responsible for an alarming 37% of global emissions.
  • Skilled labour shortage: The construction industry continues to grapple with a shortage of skilled workers, making it challenging to fill positions left by departing employees or to scale operations when necessary.
  • Project delays and costs: According to a survey, large construction projects often take 20% longer to complete and exceed budgets by up to 80%.
  • Regulatory requirements: Regulatory standards, like ESG compliance in the EU, are driving firms to enhance technology, especially for documentation and audit trails.
  • Safety concerns: The need to improve safety on construction sites is propelling the integration of advanced technologies that can help mitigate risks and enhance worker protection.

5 construction technologies
reshaping the market

In the following sections, we will explore the top 5 construction technologies driving this evolution forward and their potential impact on the industry.

1. Automated data collection and predictive analytics

Integrating automated data collection and predictive analytics into construction can significantly facilitate decision-making and enhance efficiency from planning to completion.

By analysing historical data, predictive analytics accurately forecasts future outcomes, such as anticipating equipment maintenance needs to prevent unexpected breakdowns and costly delays. This foresight conserves resources and ensures smoother projects and operations, especially in large assets that demand constant monitoring.

In today’s complex construction environment, these technologies are vital for managing risks and optimizing project outcomes, allowing workers to focus on high-impact tasks. Additionally, tracking essential components like manpower, job sites, and equipment is crucial for effective project planning and compliance with safety regulations.

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2. XR, AR, VR, and the metaverse

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Extended Reality (XR) is the encompassing term for a spectrum of interactive technologies, such as Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR), which enable immersive digital experiences that blend seamlessly with the real world. The Metaverse is an evolving concept of a purely digital world that enhances collaboration and communication among stakeholders.

Extended Reality improves teamwork by enabling virtual walkthroughs and overlaying digital information on physical environments. These tools enhance design processes and facilitate real-time updates on construction schedules and safety procedures, reducing errors and increasing efficiency.

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3. Artificial Intelligence (AI) and
Machine Learning

AI is the latest and most visible technology trend out there. And it can indeed bring benefits to most industries. For example, AI and machine learning can be used to enhance decision-making processes in the construction industry. Predictive analytics help forecast project risks, optimize resource allocation and improve cost estimation. AI can also be used for predictive maintenance, by forecasting equipment failures, or for quality assurance, by analyzing photos or 3D scans of structures to detect defects.

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4. Internet of Things (IoT) and smart construction

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The Internet of Things (IoT) is also making construction sites smarter. IoT devices monitor equipment performance, track worker safety, and collect environmental data. The IoT is improving construction operations in various ways:

  • Worker safety: Wearable IoT technology monitors worker health and environmental hazards, while geofencing restricts access to dangerous zones, improving on-site safety compliance.
  • Resource optimization: monitoring energy use and material tracking to improve efficiency, reduce waste, and ensure timely resource availability.
  • Remote monitoring and collaboration: IoT dashboards and drone integration allow supervisors and stakeholders to remotely monitor site progress, improving communication and decision-making.
  • Smart buildings and infrastructure: IoT supports long-term performance monitoring, predictive maintenance, and the integration of building automation systems during and after construction.

5. Cybersecurity solutions and training

According to a UK government study, most construction businesses lag when it comes to cybersecurity protection. Consequently, they suffer high rates of fraud – with 5% of built asset companies being victims of cyber fraud during 2022. The same study has shown that 26% of construction companies don’t have reliable software security update policies in place.

As construction processes become more digitized, the need for strong cybersecurity measures is growing. With cybersecurity threats constantly on the rise, protecting sensitive project data and ensuring compliance with data regulations is critical. Companies will need to invest more in data management and data protection but also improve employee training regarding potential security risks.

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Your trustworthy partner: Thinkproject and the Built Asset Lifecycle Platform

Overcome challenges seamlessly with Thinkproject, your reliable ally in digital transformation. Picture a platform designed for every user, asset and key use case. Introducing the world’s first Built Asset Lifecycle Platform—an all-in-one ecosystem that connects top-tier tools, ensuring crucial information is readily available from planning and construction to operation, maintenance and decommissioning. Experience the advantages of Thinkproject:

Leverage data from multiple sources, including third-party applications, in one unified platform to connect your entire project ecosystem.

Transition from descriptive analytics to predictive insights, empowering stakeholders to make data-driven decisions that enhance project efficiency and mitigate risks.

Streamline communication and coordination among contractors, owners, operators, and service providers through a single, dependable interface.

Manage and optimize asset performance across the lifecycle, ensuring greater compliance with evolving regulatory standards while reducing overall costs.

Enable faster user adoption with a centralized platform interface, single sign-on (SSO), and easily accessible training resources to ensure all team members can hit the ground running.

Conclusion

The construction industry is at a crossroads, where technological advancements present remarkable opportunities for enhanced efficiency, sustainability, and growth. The five trends discussed highlight the transformative impact that digital innovation can have on construction processes. However, many of these solutions exist as disconnected point solutions, which can complicate the path toward a cohesive digital transformation.

Thinkproject offers an integrated approach through its Built Asset Lifecycle Platform. Unlike fragmented solutions, Thinkproject Platform for the Built Asset Lifecycle ensures seamless integration and collaboration across all construction, handover, asset management through to demolition phases.

To secure a competitive edge and future-readiness, it’s crucial for the construction industry to adopt a cohesive approach to technology, ensuring all innovations work seamlessly together.

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