A new era in construction and engineering
New technologies are changing all aspects of the engineering and construction (E&C) process. The changes are being driven by technology start-ups creating new tools and applications for industry that are changing how companies plan, design and execute projects.
McKinsey & Company’s 2017 report, The new age of engineering and construction technology, stresses that the industry is “at the cusp of a new era” driven by innovative start-ups that are steadily transforming the landscape of E&C:
“By providing advanced software, construction-focused hardware, and analytics capabilities, these innovative start-ups are eliminating many of the problems that have dogged the E&C sector for decades, including difficulties compiling and sharing project information. Such improvements could not come at a better time, since construction projects are becoming increasingly complex and expensive, putting managers under greater pressure to improve costs, timelines, and efficiency.”
According to the report, from 2011 to early 2017, construction technology companies have seen funding investments of $10billion, which gives an indication of their perceived importance to the future of E&C.
Construction technology is being developed and used for all phases of projects:
- operations and management
Siteoffice.mobi has been designed to assist the project management team in having a better handle on managing the project timelines and schedules, daily costs and production, as well as helping identify where revenue is lost and helping project managers find efficiencies across the project life cycle. Our platform is also designed to open communication channels between the design, project management and site supervision teams to ensure a completely integrated project team.