The money flowing in to new construction technology is unprecedented. In the in the five years from 2009 to 2014, $8 billion was spent on digital investments to boost productivity, improve design and optimise project management. But in the following five years – 2014 to 2019 – this more than tripled, with investors pouring more than $25 billion into construction tech.

We often hear that construction is a laggard when it comes to adopting technology, but in this episode we will learn about the incredible challenges facing construction companies as they pivot from famine to feast.

We will learn why exactly construction has become the new darling of Venture Capitalists, what this means for the future, and what still stands in the way of a truly digitalised industry.

Guests

Frank Malangone, Executive Director – Industry Strategy and Innovation, Oracle Construction and Engineering

Geoff Roberts, Director of Energy Industry Strategy, Oracle Construction and Engineering

Jeff Herriman, Managing Director, Ascentage Group

Sherief Elabd, Director of Industry Strategy & Innovation, Oracle Construction and Engineering

Resources

For the McKinsey report on construction efficiency, click here

For an article on the capital flowing in to construction technology, click here

For the importance of platforms in adapting technology to the worksite, click here,

Partner

Oracle is a multinational data and computing company headquartered in Texas, USA. In engineering and construction, it develops technology to connect teams, processes, and data across the construction project and asset lifecycle. Boost productivity, increase control, mitigate risk, and unlock insights to improve performance across your projects and programs.

The post #130 Navigating New Construction Technology first appeared on Engineering Matters.