The construction industry is starting to evolve. Changing the technological environment and evolving business models will bring about a major disruption in the construction industry.
Technology is a primary disruptor – from IoT devices to innovative sensor technologies – for data collection. Novel business advances will be driven by data monetization and digital marketplaces. We will also see a shift toward new data-driven business models that will be focusing on sustainability. New generation will disrupt the workforce through its innovative entrepreneur mindset.
Sustainability: Sustainability will go beyond compliance to regulations and will become a people’s movement as greater awareness of limited resources is realized. Standard, prefabricated, modular concepts will enhance compatibility among building and infrastructure projects, improve economies of scale, enhance productivity, and accelerate the industrialization of the construction industry.