NOVEMBER 2023CONSTRUCTIONTECHREVIEW.COM8IN MYOPINIONBy Bisrat Solomon Degefa, Entrepreneur in Residence, AntlerDIGITAL TRANSFORMATION IN CONSTRUCTION: TRENDS, CHALLENGES, AND LEADERSHIP INSIGHTSThe construction industry is fraught with key trends like AI, IoT, and AR/VR, emphasizing their potential to enhance efficiency and innovation. Bisrat Solom Degefa, entrepreneur in residence at Antler, sits down to discuss the ways to achieving a successful digital transformation in the sector.Shift to a StartupWith senior leadership roles in leading construction firms under my belt, I gained deep insights into the industry's inefficiencies and the potential for innovation. The corporate world's bureaucratic challenges often hampered progress, propelling my drive for innovation and leading me to establish a startup. This new venture provided the flexibility to introduce solutions unrestricted by traditional corporate limitations. As the construction sector stands at the brink of a digital revolution, incorporating AI, IoT, and AR/VR, I aimed to be at its forefront, leveraging opportunities to address industry challenges. Joining the early-stage founder program was pivotal, offering mentorship from a network of seasoned professionals, aiding in avoiding common missteps, and accelerating growth.My corporate experience illuminated my true passion: initiating and nurturing projects from the ground up. My deep industry understanding highlighted market gaps, particularly the demand for technology-driven solutions that could revamp processes and boost productivity. Introduced to Antler, a venture capital firm dedicated to nurturing innovative founders, I saw an opportunity to further my entrepreneurial journey. Recognizing the inherent risks of entrepreneurship, Bisrat Solomon Degefa
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