Connected Construction: A Better Way to Build, Together
A New Way to Build
Construction impacts everyone. Construction accounts for 6% of global GDP, $10 trillion in revenues, and acts as a powerful stimulant for growth. In the UK every £1 invested in construction delivers £2.84 of economic activity, with similarly impressive figures for other global markets. More fundamentally, construction is the foundation of nearly every other industry; it delivers the residential, social, and economic infrastructure that underpins so many aspects of our lives. By 2030, worldwide construction output is forecasted to reach $17.5 trillion, 85% greater than in 2014.
As projects become more complex—physically, commercially, environmentally, and societally—the traditional process of construction struggles to deliver acceptable outcomes. These traditional processes are dominated by pencil and paper, siloed technology, and gaps in communication across the project lifecycle. Trends like common data environments, connected construction processes, and a greater emphasis on collaboration enable teams to overcome the constraint on resources that have defined construction in the past.
As complexity increases in construction, two technology shifts are connecting teams in critical ways: collaboration in the cloud and the use of big data.