4 next-gen technologies that are changing construction today

For most of the last decade, emerging technologies designed to transform the built environment weren’t much more than fun toys to play with. They lacked sophistication and the ability to promote true efficiency and accountability or analyze data.

Not anymore. Yesterday’s toys have become today’s tools.  New, data-driven technology has finally given rise to construction efficiencies. New software and gadgets are advancing timelines, improving project team integration and collaboration, reducing costs and enhancing overall building quality.

According to the Boston Consulting Group, when technology permeates construction, there’s an almost 20% reduction in a project’s total life cycle cost as well as substantial improvements in completion time, quality and safety. The study estimates that the use of technology cuts construction costs for commercial office buildings by 12%, lifetime operations costs by 18% and reduces the construction timeline by 30%.