2018 Construction Technology Trends

Advancements in technology have helped many companies create, refine and enhance their businesses to reach new levels of innovation, efficiency and profitability. Every day new devices, software, processes and products enter the market to help businesses function more efficiently and at a lower cost. Construction companies are finding that many of these advances have a practical application in their businesses. In fact, many construction companies are already using advanced technology such as virtual/augmented reality and creating automated construction sites to drive additional value across the building process. The impact technology is having and will continue to have on the industry cannot be understated. For this reason, it’s important to be aware of emerging technology trends and how they can improve operations and overall customer value. To help clients, prospects and others understand the tech trends for 2018, Wilson Lewis has provided a summary below.

Key Construction Technology Trends

  • Building Information Modeling (BIM) – BIM is a model-based process for creating and managing construction project information and essential design details. BIM software is typically used before, during and after the construction process to provide real-time information about almost every aspect of the project. When a change is made to one aspect of the project, the software can update every area that may be impacted by the change. This includes labor scheduling, purchase orders and quantity of materials and supplies, adjustments to budget and completion date. What makes this software so appealing is that it provides access to all project information and keeps all project stakeholders connected and in communication. More and more companies are implementing this software because it facilitates the creation of better plans, produces faster results and helps keep projects within budget.
  • Mobile Connected Job Sites – Mobile devices are everywhere, and the job site is no exception. The integration of mobile technology into construction sites has helped to streamline the entire construction process while increasing safety and communication. Through instant communication with those at the site, necessary actions can be taken to accommodate worker needs as they arise. The enhanced communication between contractors, owners and architects means that any issues can be addressed in real time, eliminating costly delays. Finally, photo and video capabilities offer improved collaboration and quality assurance processes.
  • Smart Buildings – “Smart” buildings are designed to use information technology to connect with key systems, such as air conditioning, ventilation, lighting, security and other essential systems. Using sensors, microchips and other devices, smart buildings can gather essential data needed to manage these systems more efficiently. Given the cost saving potential and greater ability to manage resources, construction companies should expect to see the wider integration of smart systems into their commercial building projects.
  • Project Scheduling – New mobile technology has made it easy for contractors to create, modify and update schedules from their mobile devices. They can also create milestones, assign deadlines, share notes and set reminders for team members. Perhaps the most important benefit is the ability to review daily production and make changes to avoid issues and delays in the production schedule. The ease of this technology will help companies complete projects on time and within budget.

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The confluence of innovation and practical application can be experienced in various parts of the job site and construction process. As 2018 approaches it’s expected that there will be additional innovation and integration of these technologies, which will enhance the value proposition already offered. If you have questions about construction technology or need assistance with a tax or audit issue, Wilson Lewis can help. For additional information please call us at 770-476-1004, or click here to contact us. We look forward to speaking with you soon.