Some of the construction tech trends we’re watching this year are closely related to tech trends we started watching in 2016 (mobile apps and big data). Others have been percolating for a few years now (thermal imaging and cloud computing), and we expect big advances this year. And others are just plain cool (holographic headsets and construction exoskeletons), and we want to see if they’ll make it into the mainstream this year.
In smart cities and urban tech, BIM is one of the main generators of the embedded digital information required to achieve connected cities. more smart building sensors, and enhanced IoT capabilities. Contractors' understanding of how people really use the built environment (and their own projects) will improve beyond anything previously imagined. Learn how blockchain technology can enable higher levels of BIM adoption.
Global real estate value is worth about $217 trillion, and startups are just beginning to scratch the surface of digitizing this massive pool of assets. VCs are set to pour over a billion dollars in real estate tech startups in 2017.
In terms of shocking moments and surprising fads, 2017 is yet to disappoint. Amidst a sea of fidget spinners, “covfefe,” and unicorn frappucinos, one welcome trend is the unprecedented number of dollars and deals pouring into digital health. With an unremarkable first quarter followed by record-breaking deals in Q2, the digital health funding landscape is poised to have it’s best year yet if the momentum continues.
Real estate is the most valuable asset in the world. According to Fortune, all of the world’s real estate is worth more than $217,000,000,000. The construction industry employs 6,000,000 people. It also creates close to $1,000,000,000,000 in buildings and structures each year. Take a moment to think about those statistics. They’re mind-blowing. Land and property are extremely valuable. Businesses that develop property and facilitate the exchange of land are also quite profitable. So why are there not more startups disrupting these industries?