Digitization, automation, and robotics are coming—quickly—to the building industry. Venture capitalist Joe Blair explores how technology innovation could transform the sector by increasing productivity and addressing the labor shortage.
Despite huge technological advances in most areas of the global economy, much of the Construction Industry hasn’t changed in decades. In contrast to sectors like communications, transportation, and manufacturing, the building industry has been slow to adopt advanced technology and digitization to transform business models, generate new revenues, and develop enhanced-value opportunities.