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ConTech

From EverybodyWiki Bios & Wiki



ConTech (Construction Technology) is a branch of the construction industry, which is optimized by modern technology.

Construction and Building at the moment are one of the least digitized industries[1] in the world at the moment. But, “in the next five years, the industry is going to be transformed through data. It’s an unprecedented, perfect storm of cloud, mobility and an incredible amount of collectors and data science converging together,” says Pat Keaney, director of BIM 360 Enterprise Products at Autodesk.[2] He adds: “after the iPad, mobility, cloud and now this accumulation of data with the data science that can be applied, it’s really changing everything.” [3] Therefore, number of technology companies are trying to modernize or disrupt it - by creating scheduling, estimating, project management software, cutting paperwork, etc. This sector is just evolving and developing.[4]

In recent time, main ConTech startups and companies received large funding, in Europe[5] and United States.[6]

References[edit]

  1. "Imagining construction's digital future | McKinsey & Company". mckinsey.com. Retrieved 2016-09-19.
  2. http://www.enr.com/articles/40143-unlocking-the-data-treasure-chest
  3. http://www.enr.com/articles/40143-unlocking-the-data-treasure-chest
  4. "Geniebelt raises €2m funding | Extranet Evolution". extranetevolution.com. Retrieved 2016-09-23.
  5. "GenieBelt, a European project management platform for the construction industry, raises €2M | TechCrunch". techcrunch.com. Retrieved 2016-09-19.
  6. "PlanGrid Lands $40 Million Investment To Expand Product | TechCrunch". techcrunch.com. Retrieved 2016-09-19.


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