Leading-edge technologies are accelerating digital transformation in the architectural, engineering, and construction (AEC) industry, facilitating companies to build faster, smarter, and safer. According to a Deloitte survey, 76 percent of engineering and construction professionals plan to invest in digital technologies, reshaping the conventional brick-and-mortar industry.
Building information modelling (BIM) continues to be at the front and centre of digital tech trends in the sector. BIM technology has swiftly evolved from basic 3D and 4D dimensions to more sophisticated 5D, 6D, and 7D dimensions, allowing for cost and time overlays, energy budgeting, and operations and facility management. By combining augmented and virtual realities (AR/VR), BIM delivers immersive visualisations and provides all construction stakeholders with a real-time platform to manage, report, and monitor their projects. Adding to it are the growing innovations in construction robotics and building materials, enabling novel ways of construction.
Safety remains a key focus amid these technological trends. While technologies like extended reality (ER) is leveraged to deliver safety training modules, the internet of things (IoT) allows for sensing worker conditions and sending real-time updates. Similarly, sustainability is also a centre of attention for construction players to achieve the goal of net-zero carbon emissions. Green buildings are gaining traction, ensuring environmental-friendly measures, from pre-construction planning to project closure and decommissioning. With new market opportunities induced by these trends, startups are anticipated to play a vital role in delivering innovative solutions and services.
To put the spotlight on such key developments in the domain, Construction Tech Review highlights the vital technological advancements in the construction space and how construction tech startups leverage them to help construction companies improve efficiency, improve worker safety and construction speed, and implement sustainability practices. The edition features thought leadership articles from Gonzalo Galindo, Head of CEMEX Ventures, Nick Kingsbury, Partner at Amadeus Capital Partner, Micah Kotch, Partner at Blackhorn Ventures, and Frida Rustoen, Investment Manager at Idekapital Fund, who throw light on the recent innovations in the AEC space and how those advancements are aiding construction companies in making construction management and site operations more efficient and sustainable.
In this edition of Construction Tech Review magazine, we also bring you the story of some of the top construction tech startups that deliver the best outcomes for their clients, including refine Projects, an international consulting firm offering a unique ecosystem for organisations to transform their integrated project management, lean construction, and building information modelling. Other notable startups include StruxHub, an all-in-one construction management software for field teams and Fonn, an intuitive project management tool for small and large construction projects.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the construction space. We would like to know your thoughts.