Construction innovations are progressing rapidly, and the industry now has a tremendous amount of resources to advance construction technology. Construction tech funding hit a record high of $2.1 billion in 2021—a 100% increase from the year before.
These investments in innovations pay off significantly; research shows that firms that are rated as “digitally savvy” outperform companies by as much as 48% on revenue and 15% on net margin. And this is true across many fields, including AEC.
The Next Wave of 3D Printing
You probably aren’t surprised to see 3D printing on this list. After all, it has long been cited as one of the top construction innovations. However, its future is even brighter these days as the technology moves from a novelty to an emerging industry standard.
AI and Machine Learning for Construction Workflows
Optimized workflows are essential to well-running projects and teams in the AEC industry. However, due to the complexity of construction, workflows have the tendency to be disconnected and manual in nature.
Sensor Data
Tracking the various components of your business—including manpower, job sites, and equipment—is essential. Proper monitoring aids project planning, promotes smoother operations, and ensures compliance with safety and worker regulations.
