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Buildots : Construction sites are far from sterile, and because of that, classic image processing methods have failed to make an impact on the industry and assist construction managers in their process management efforts. But with the latest addition of AI, and more specifically deep learning, to the available technological stack, companies are finally able to learn the environment of a construction site.

Morgan Sindall Construction: There are so many developments that are changing and improving the output of construction professionals. For example, artificial intelligence and generative design. Artificial intelligence creates real-time insight and identifies trends that we would not have spotted previously. Generative design enables all available designs to be created in seconds, evaluated based on parameters and constraints, meaning the most optimum design is produced in a much shorter time frame.

This means the final design can be produced with significantly fewer iterations. This will bring benefits to our project partners, as lengthy design processes and time spent on non-viable options can sometimes frustrate non-construction professionals. Oakwood : As well as saving time and money, improving health and safety is a key benefit. We won an award five years ago for a project we digitally planned with 4D technology, it was a day project that was done in 15 days with over people on site and no injuries.

Using virtual reality as a health and safety tool provides an opportunity to lay down risk markers and visualise method statements before getting on site. However, digital construction allows us to optimise designs virtually and ensures the right information goes to the right stakeholder at the right time. Buildots: Turning construction into a fully tracked and monitored process can dramatically reduce cost, time and quality issues. You can either remain at high risk or make tremendous efforts to manually collect data, which often still ends with inaccurate and sparse control points.

Automating these processes will reduce the efforts put into manually tracking the progress and improve the level of data collected. Morgan Sindall Construction: After farming, construction is the second largest industry with the most opportunity for improvement in productivity, therefore there are lots of opportunities to adopt more modern approaches.

I personally see the tipping point coming in the next three to five years. Over this period the technology will mature and will be at a critical mass, meaning seamless and bidirectional transaction of data across platforms.

Without having a digital end product plan widely used it remains difficult for any digital processes to be implemented and widely accepted in the industry. Digital twin solutions can provide an accurate status of construction sites only because BIM exists. It would have never been possible to do so before that, and that is true for many other construction technologies out there.

Currently, only the high-end companies can adopt such solutions, and until that changes the market is a bit stuck. However, major advances further down the food chain, in the supply chain, need to happen. Morgan Sindall Construction: The winners will be those who embrace change and actively explore opportunities, in a manner similar to how Uber and Deliveroo have in other sectors.

By changing the way we do things and challenging the status quo through the use of technology, contractors will be able to deliver projects quicker and with less resource but with better outcomes for customers. Roy Danon, Buildots: During a period of fast technological changes, the biggest challenge for the construction companies is to integrate the latest technologies into their workflow continuously.

Buildots: During a period of fast technological changes, the biggest challenge for construction companies is to integrate the latest technologies into their workflow continuously. This makes some industry seniors nervous, but this gradual change is the best way to modernise a traditional process while keeping their company values and advantage up-to-date. Companies who work with startups are always aware of what the currently available technology can do for them, which turns them into a smart customer that can demand what they need instead of what the construction tech market currently offers.

Those who will fail to do so will find themselves in five years trying to quickly bridge the gap. Tools for processes, such as quote-to-cash and procure-to-pay, will enable broader data visibility across the value chain and free up working capital for contractors, suppliers, and owners alike. While the generalist technology platform companies are well established, other companies have opportunities to build platforms that cater to specific industry sub-segments or value providers.

Furthermore, many descriptive analytics tools are limited to trade-association surveys or dashboards built from mined company data and suffer from low update frequencies or low granularity. Both investors and the industry overall can create significant value by developing analytics and insights platforms that leverage the growing pool of inter- and intra-company data. These platforms will enable more proactive, data-driven management of both individual projects and companies overall.

Analysis Seven digital construction targets for venture capital 20 November A new report from McKinsey has highlighted the areas of construction technology that remain ripe for investment. Underlying tech infrastructure As hardware and software volumes and diversity continue to increase on job sites, there will be a corresponding need for supporting solutions, McKinsey said.

Digitise payments Offerings that increase technology penetration in the payments space, particularly with small- to medium-size businesses, will become increasingly critical to enable the full digitisation of the construction industry value chain, according to McKinsey.