According to Construction Industry Institute (CII), “Construction technology refers to the collection of innovative tools, machinery, modifications, software, etc. used during the construction phase of a project that enables advancement in field construction methods, including semi-automated and automated construction equipment.” CII research shows that adoption of proven technology can improve productivity by 30-45% and improve material predictability and reliability.
The construction industry accounts for approximately 13% of the global GDP. Yet despite that, according to Glenn Ebersole in his article titled, “Construction Industry Evolving by Adopting More Technology,” ”[the construction industry] has been on one the most stagnant and least efficient with a productivity growth rate of only approximately 1% over the past 20 years.”
One of the reasons for this stagnation is older generation resistance to modernization. However, with millennials and Z generations quickly filling leadership positions, adoption of new technologies has caused productivity and innovation to grow throughout the industry.
Ebersole provides an overview of these six trends that will have significant impact in construction during 2020:
- Increased integration of technologies
- The design-build or integrated project delivery approach
- Increased use of project management software
- Building information modeling (BIM), virtual reality (VR) and augmented reality (AR)
- Commercial drones
- More advanced materials, including self-healing concrete
To learn more about each of those six areas, click here to read Ebersole’s article in full.
If you are finalizing RFPs for hospitality and commercial construction projects, don’t hesitate to send one to us. Triple Crown Construction is passionate about providing Partner-Grade project experiences: a shared commitment to and investment in Client-Partners’ interests.
About Triple Crown Construction:
Founded in 1991, Triple Crown Construction built a reputation for itself as a reliable partner in the hospitality and commercial construction industry by understanding and delivering on its partners’ expectations. Based in Frederick, Maryland, Triple Crown Construction strives to approach each and every project with the goal to deliver quality, service, and value, and is committed to raising the standard of excellence in all areas of its work. The company operates with a family mentality, a commitment to the greater community, and a desire to work with those who aim to improve their customers’ experience.