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This Week in Consulting

Wednesday, February 05th 2020

What’s next in the Construction industry?

THIS WEEK’S MUST READ

The construction industry is under a significant paradigm shift. When we look back throughout this industry’s history, we notice some great advancements have taken place. As the end of the year approaches and we look ahead to 2020 there’s no reason we shouldn’t expect more of the same to occur. In fact, here are some of the most noteworthy trends experts believe you should expect to see in the construction industry next year​”

From Augmented Reality to Robotics, this article presents how the digital transformation is impacting the construction sector.

This Week’s Must Read  is an insight piece from LetsBuild which explores some construction technology trends for 2020.

Read on to Find out More: “Top 10 construction technology trends for 2020 | LetsBuild.


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THIS WEEK’S VIDEO:

From digital construction apprenticeships, to geospatial information systems and taking a “design for manufacture” approach – watch how Kier, one of the UK’s leading contractors, are embracing technology and innovation​​.

THOUGHT LEADERSHIP

  • Decoding digital transformation in construction: “After spending five years and countless sums on trialing new software platforms and ways of working, the executive team at a large contractor was nearly ready to call an end to its digital-transformation program. Dozens of attempts to streamline projects with digital solutions, such as 5D BIM, had failed to deliver.” This article shows practices that can help E&C companies to unlock digital’s value across their enterprises. | Jan Koeleman, Maria João Ribeirinho, David Rockhill, Erik Sjödin, and Gernot Strube, McKinsey
  • The Next 5 Years: Building an AI Future for the Construction Industry“The construction tech market has seen tremendous growth in the past decade. Ambitious startups and software developers have realized the potential of developing technology for the traditionally underserved industry, releasing products aimed at streamlining workflows throughout the construction process.” Will the use of AI and machine learning tech become the rule in the industry rather than the exception in the next few years? | Karuna Ammireddy, Pype Inc
  • 7 Construction Industry Trends to Watch in 2020: “Technologies are already making a huge impact on many industries around the world, and the construction industry is no exception. Buildings are becoming ever more complicated, and these technologies are helping architects and construction teams improve designs and detect design errors.” The author enlights the most exciting construction tech trends you should keep an eye on in 2020. | Christopher McFadden, PHH Energy Limited
  • How will robots make buildings more human? “Less than half (47%) of real estate companies are automating their businesses, despite artificial intelligence (AI) coming at us like a freight train. But that means that over half are on the road to automation – and we are starting to see fundamental changes in the real estate sector as a result.” How are real estate companies automating their businesses with the coming of  artificial intelligence (AI) ? | Selina Short, Ey.

CONSULTING INDUSTRY NEWS

  • Deloitte to prop up mining transformation with Global IO: “Deloitte has acquired Global Integrated Operations (IO), a remote operations specialist in the mining and energy industries, to deepen its operations transformation offering” | Vanessa Zhou, Australian Mining
  • Barclays invests in digital receipts start-up Flux: “Barclays has acquired a minority stake in its partner Flux, the London-based digital receipt manager which also works with UK challenger banks Monzo and Starling” | Ruby Hinchliffe, FinTech Futures
  • World Cement Consumption Rises by 2.8 percents in 2019: “ The rise in demand is largely accounted for by the expansion of the Chinese cement market in 2019, which reached an estimated 2.28bnt, up 4.9 per cent on the year before, and representing 56 per cent of global consumption. Excluding China, world cement consumption is estimated to have remained flat at 1.81bnt, rising by just 0.3 per cent, year-on-year.” |PRNewswire 
  • Capco joins consulting heavyweights in Valuable 500 scheme: “Capco has become the latest consulting industry member to sign up to a campaign to encourage the inclusion of disabled people in businesses. Launched at last year’s annual World Economic Forum in Davos, the Valuable 500 hopes to push for global businesses to putting disability on their agenda – with the historical ‘Big Five’ of Deloitte, PwC, EY, KPMG and Accenture having already signed up in 2019.” | Consultancy.uk

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