Technology Trends to Look for and How they will impact the Construction Industry
Technology is constantly evolving, and construction tech is no exception. As we accelerate through 2023, several major technology trends are having a significant impact on the way we build and manage construction projects.
From the use of Advanced Materials & 3D Printing to the proliferation of Drones & Green Technology and the integration of Artificial Intelligence, Machine Learning & Metaverse for health and safety management on construction sites, these trends are set to revolutionise the construction industry and change how we work.
In this article, we will take a closer look at the top four technology trends of construction in 2023 and beyond!
1. Advancements in Web3
Web3, the decentralised web, refers to using blockchain technology to create a more secure and transparent internet. In the construction industry, Web3 could potentially have numerous impacts.
One potential impact is using smart contracts to streamline and automate the bidding and contracting processes. Smart contracts can help to reduce the risk of fraud and errors, as well as improve the speed and efficiency of the process, making the flow of capital through the supply chain efficient.
Web3 could also enable the use of decentralised project management platforms, which could help to improve communication and collaboration between different stakeholders, as well as provide a secure and transparent record of project progress.
Overall, the adoption of Web3 in the construction industry has the potential to improve efficiency, reduce costs, and increase transparency in the project management process.
2. The practical implication of Green Technology
Green building technology refers to using environmentally friendly and sustainable products and practices in the construction and operation of buildings. In 2023, we are seeing the adoption of green building technology continue to grow in the construction industry as developers and builders increasingly prioritise sustainability in their projects. In the Middle East, the trend has been brought to the spotlight with Egypt chairing COP 27 and UAE COP 28min 2022 and 2023, respectively.
One of the significant impacts of green building technology is the reduction of greenhouse gas emissions. Green buildings use distributed energy generation models and energy-efficient systems, such as solar panels and LED lighting, which can significantly reduce the amount of energy required to operate the building. Digital Twins are being used to understand, benchmark and optimise building operations through the aggregation and visualisation of data. This can help to reduce the carbon footprint of the building and contribute to the fight against climate change.
As the demand for sustainable buildings continues to grow, the adoption of green building technology will likely continue to increase in the construction industry.
3. Metaverse will become a reality
The Metaverse, a virtual space where people can interact with each other and virtual objects and environments in real-time, is struggling to become an integral part of our daily lives. However, this technology has already begun to revolutionise various industries, including construction.
One way the metaverse is utilised in the construction industry is through virtual reality (VR) and augmented reality (AR) for design and visualisation. These technologies allow construction professionals to more efficiently and accurately visualise and design buildings and structures, potentially eliminating the need for physical prototypes. These same assets can be used as sales tools.
In addition to design and visualisation, the metaverse can provide practical safety training to on-site workers by creating realistic scenarios in a virtual environment. This can help improve construction site safety and reduce the risk of accidents and injuries.
Overall, adopting metaverse technology in the construction industry can transform the way projects are designed, planned, and executed, leading to increased efficiency and cost savings.
4. AI will be everywhere
In 2023, artificial intelligence (AI) will become mainstream and increasingly prevalent in various industries.
AI, In the construction industry, has the potential to revolutionise the way that projects are designed, planned, and executed. For example, AI could be used to analyse building data and predict potential issues, helping to improve maintenance and reduce downtime. AI could also optimise construction schedules and improve resource allocation, increasing efficiency and reducing costs.
AI can also be a valuable tool for managing the health and safety of construction site workers. AI can analyse data and identify patterns and trends indicative of potential safety risks or hazards. AI-enabled software and platforms like Saifety.ai can help to proactively identify and mitigate threats before they result in accidents or injuries.
In conclusion, the construction industry is constantly evolving, and 2023 is the year of major technological advancements. From Web3 and decentralized project management to digital twins and 3D printing, there are several technology trends that are having a significant impact on the industry. These technologies have the potential to revolutionize the way that construction projects are designed, planned, and executed forever, helping to increase efficiency and reduce costs. It will be interesting to see how these trends continue to develop and Shape the Future of the Construction Industry.