Construction technology is a constantly evolving field and has significantly transformed the dynamics of the construction industry. With time, construction projects are becoming more complex. As a result, organizations are focused on adapting technological advancements to enhance their efficiency and productivity.
According to a survey held by Deloitte, more than half of the construction companies are most likely to invest in digital technologies this year. The reason behind this is delivering premium quality projects on time and within budget despite incurring challenges.
In this article, we'll delve into cutting-edge construction technologies that'll facilitate your business in modernizing your current processes and staying a step ahead of the competition.
What is construction technology?
Construction technology amalgamates software systems, advanced tools, modifications, and machinery. This amalgamation aids in the efficient delivery of construction projects.
One to two decades ago, innovations that seemed far-fetched, including drones, robots, autonomous heavy equipment, and 3D printed buildings, have now become an indispensable component on construction job sites around the globe.
You'll be stunned to know that the construction technology market is expected to hit a whopping $24 billion by 2033, surging at a CAGR of 16.9 percent from 2023 to 2033. So, technology in construction is being adopted worldwide as it aids builders in fulfilling their tasks swiftly without negatively affecting the reliability of their projects.
The construction technology boom and its significance
Unlike other industries, the construction industry was lagging behind in adopting technological advancements. However, a fundamental shift has been witnessed in this sector. According to a study, 81 percent of respondents aimed to increase their investment in construction technology compared to the preceding year.
So, construction companies are finally acknowledging the profound impact that technology can have. They have realized that staying up-to-date with technology trends in construction means propelling towards building durable, reliable, and energy-efficient structures.
Here's a list of reasons that justifies the significance of adopting new technology in construction.
Precision and accuracy
Adopting technology in construction ensures greater precision and accuracy in completing construction tasks. Whether it is a detailed mapping of existing structures or measurements for foundations or corners, construction technology significantly enhances efficiency throughout the various stages of construction projects. Consequently, this efficiency, precision, and accuracy significantly contribute to delivering high-quality buildings.
A few years back, construction teams only relied on emails to communicate with each other. So, collaborative tasks like answering queries, offering suggestions and making project changes used to be quite fatiguing and time-consuming. However, communication and collaboration have improved significantly due to cutting-edge advancements in the construction industry.
Cloud-based software and mobile apps are exemplary construction technology examples for efficient collaboration. They enable the storage of diverse data information on a single platform. This way, every team member can not only access this data anywhere, anytime, but respond in real-time as well.
Saving money in the long run
Initially, construction companies were resistant to investing in technology due to financial constraints. However, the construction industry now understands that a lack of technology usage leads to revenue deficits. Despite heavy upfront investments, organizations can save sufficient amounts of money in the long run by getting the job done faster and more efficiently.
An opportunity to be innovative
The construction industry consistently lags behind when it comes to being productive and innovative. It's a general misconception that the construction industry has exhausted all the innovation possibilities. However, the potential to be more sustainable, efficient, and swift is still there.
From fixing pressing concerns to optimizing workflows, technology in construction is constantly evolving to give incredible opportunities for innovation. By leveraging innovative construction technology, industries can devise infinite ways to reach new heights of success.
Even the tiniest modifications throughout the construction process can significantly alter the overall project outcomes. Technology in construction makes it possible to mitigate procedural uncertainties.
Construction industries can make cost-effective decisions by making hypothetical changes and monitoring their impact in real time. This proactive approach makes it possible to detect any potential issues and make timely corrections to existing processes. Ultimately, you are not only getting better quality control of your construction project but an opportunity to alleviate uncertainties as well.
Build better with top construction technology tools
Now that you've understood the undeniable worth of technology in construction, it's about time to dig into the top construction technology tools:
Building information modeling (BIM)
This augmented reality software facilitates the design, construction, and operation of a 3D model. You can utilize this modeling software to analyze your project in a virtual environment.
It also provides an incredible opportunity for construction managers to develop workflows and collaborate with other parties involved in the project. Ultimately, your construction team will remain in control of planning by optimizing performance, resolving conflicts, and improving design quality.
Virtual and Augmented Reality
Virtual Reality encompasses training and simulations, while Augmented Reality encompasses real-time information overlays and the reduction of errors. You can train your construction team by replicating real-life events they can regularly encounter on their site via Virtual Reality.
This way, they will be trained to deal with unforeseen circumstances like equipment malfunctions and natural disasters without physically being in that situation. VR simulators can strongly enhance the proficiency of your construction workers.
When it comes to Augmented Reality, it is an advancement that allows project managers to plan and envision the final outcomes of their construction projects. By wearing lenses or using smart mobile devices, they can envision the layout of a building and detect significant areas of concern.
Drones can capture your project site's aerial and ground views. They assist in swift project site inspections and the identification of potential hazards.
Furthermore, you can monitor and document your project progress and showcase it to your clients to keep them in the loop. In short, drones are incredibly helpful in enhancing your construction project's quality, safety, and visibility.
In addition to analyzing projects in a virtual environment via 3D models, construction companies can literally 3D print entire building structures. Although still under development, 3D printing is an astounding development in construction technology.
It utilizes a robotic arm for creating a building structure layer by layer using concrete. This technique can not only 3D print a building's infrastructure but sidewalks, driveways, and parking lots as well. 3D printing is not only fast and efficient but can save a substantial amount of construction costs as well. It is undoubtedly a cutting-edge advancement that can completely alter the dynamics of the construction industry.
AI is an unparalleled advancement in construction technology for tasks that usually require human intelligence, including learning, reasoning, and decision-making. You can use AI to interpret large amounts of data, generate insights, and give recommendations.
That's not it. The power of AI can also be employed for automating repetitive and tedious tasks and optimizing project outcomes. Artificial intelligence can significantly enhance your construction project's management by boosting efficiency, innovation, and competitiveness.
Autonomous heavy equipment
Just like self-driving cars, autonomous heavy equipment is an incredible solution for construction technology. It can be used on project sites for performing tasks like excavation, grading, and other site work activities. This type of technology helps significantly reduce the workforce by completely removing operators from the machines.
Autonomous heavy equipment uses sensors, drones, and GPS to conduct site work and navigate through the construction site with precision and accuracy. The advantage of adopting such technology lies in getting more work done in less time and with a smaller workforce.
Data collection apps
With time, apps are becoming a norm in the construction industry. The portability of smart devices like phones and tablets allows for effective communication among team members and the ability to work from anywhere.
Gathering high-quality data from job sites has now become faster and more accurate, thanks to data collection apps. The best part is the seamless and effortless integration of such technology into your ongoing construction processes.
Moreover, it requires a smaller upfront investment compared to other technological advancements while still providing significant benefits. From saving time, reducing data entry errors, and enhancing workflows to improving safety compliance and enabling instant reporting, data collection apps can streamline your construction management within a matter of seconds.
Predictive Analytics can make accurate predictions regarding your construction company's supplies and other expenses. This technology works by analyzing extensive data sets that provide a review of your company's spending history on certain supplies.
After carrying out this financial analysis, predictive analytics technology compares it with the frequency and duration of use of those supplies by the employees. Eventually, it comes up with an exact number of supplies needed for future projects. This way, your construction company can cut costs and avoid expense surpluses on various supplies.
In a nutshell, construction technology allows businesses to be more profitable by ensuring high profit margins. It enables increased productivity, better collaboration, and completion of projects within time. Construction firms that are lagging behind in tech adoption will no longer be able to stay ahead of their competitors. So, it's right time for the construction industry to adopt and implement tech solutions strategically.
If you want to invest in the latest construction technologies, then Apptension is your ultimate solution. Our team of skillful experts will assist you in integrating the right tech tools to fulfill your company's goals.