For the past few years, if we’re going to take a look at the trend in the construction industry, there’s no denying that it has successfully developed in a dependable phase since then. By the year 2020, it’s believed that it would remarkably grow into a $10.3 trillion industry.
As for the worldwide economy, it would start increasing by 4 percent this year– it would proceed to be the major contributor in the growth happening within the construction sector. This all contributes to a very positive state of the construction industry. Beyond these numbers, what we should look forward to would be the trends.
Here’s the rise of construction technology within the construction industry.
Technology Making the Jobsite Safer
Perhaps, one of the most notable trends in the construction sector would be the continued use of advanced and unified technologies, such as 3D printing, drones, smart wearables like a smart safety vest, and many more.
This is something that affects virtual and augmented reality positively– which also changes how project managers view projects even before they are built. They are now able to go on virtual tours.
This contributes to enhanced efficiencies and cost saving, which means project managers can use the allotted budget for other important things instead.
Due to inflation, it has been observed that the constant increase in the prices of raw materials has affected the industry. The ridiculous costs of skilled labor are also taking place. Wherein, the continued shortage of skilled labor in the construction site leads to high labor costs.
One of the best ways to solve this problem is the continuous use of technology. One great example of this would be new mobile applications that are great for keeping the constant monitoring of employee work patterns, and it could also monitor the shortage of raw materials.
Safety Has Always Been the Main Priority
We’re all aware that the construction industry is one of the few places where accidents happen a lot– this could result to social and financial cost. Additionally, the rise in worker’s compensation insurance, together with other guarantees has influenced a lot of sectors to adhere more to the recommended safety procedures.
Construction companies are in search of new technology, as well as mobile apps that are capable of providing more resources that would guarantee a safer work environment.
Today’s software makes it possible to perform real-time project management. There is software that allows data-driven decisions which also encourages transparency, efficiency, and accountability in the construction site. These capabilities ensure that there wouldn’t be any budget overruns, as well as the occurrence of low-efficiency rates on projects.
The type of manpower in the construction industry is ever-changing. Wherein, digital technologies have been facing the need for the technologically savvy individual. Back then, construction workers feel threatened that with the recent advancement in technology, they will slowly lose their job It’s the other way around– they will be needed to operate this machinery.
Lastly, the construction industry would keep on gathering the new attention and support. Construction managers would be more influenced to try new ways that would allow them to reach their goals in a faster light.