The digital construction revolution is rapidly underway and will continue accelerating in 2018.
The engineering and construction (E&C) industry is embarking on a new era, with technology changing how companies design, plan, and execute projects. E&C spends $10 trillion on construction-related goods and services each year, and is “ripe for and capable of transformation.” (source)
Global E&C plans are unfolding daily, including creating new smart cities, LNG operations, national infrastructure programs, and even construction for the 2020 Tokyo Olympics. According to a recent McKinsey report, adopting new technology could boost the industry’s value by an estimated $1.6 trillion, adding about 2 percent to the global economy.
So, what major E&C themes can we expect to unfold as we face the new year?