OCTOBER 2025CONSTRUCTIONTECHREVIEW.COM8By Paul Walker, Vice President Technology Division, Hoar ConstructionPaul WalkerFOCUS ON VALUE, CHANGING MINDSETS TO MAKE WAY FOR CONSTRUCTION TECHNOLOGYIn the last year, our project teams have used a brick laying robot, the mixed-reality tech that allows you to walk through a room before it's built virtually, and AI to track productivity on a job site. That's pretty remarkable in an industry that is notoriously resistant to change. But construction technology is advancing faster than ever before, thanks to significant investments from major tech companies. A recent report from Jones Lang LaSalle, Inc. shows venture capital firms invested $1.05 billion in global construction technology startups during the first half of 2018. That's almost a 30 percent increase over the entire amount invested in 2017. This investment into the A/E/C (architecture, engineering, and construction) industry is long overdue. According to McKinsey & Company, construction productivity has been flat for decades, while manufacturing has nearly doubled in the same time. These advancements are not only exciting, but they also practice and being employed by companies across the country to improve efficiency in our industry and help us make better, more informed decisions day-to-day. Focusing on the value of technologyThe rapid rate of development within the construction technology community doesn't show any signs of slowing down. However, we as builders must make sure we're being IN MYOPINION
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