Exponential Growth of Technology

Technology innovation has always occurred at an exponential rate and has been starting to impact the $1 trillion construction industry at increasing rates.

D. Brown Management Profile Picture
Share

In many cases we don’t recognize innovation that is happening at an exponential rate because the starting point is so small that we only start to see the growth when it reaches a tipping point.

Sustainable Growth: Accelerating Technology Innovation. What does Technology look like in another 6 years? How does it impact your business?

Consider the changes that that occurred just in the mobile phone between 1983 when Motorola released the first “Brick” phone until 2005 when Nokia “Candy Bar” phones were ubiquitous.  The changes during that 22 years seem evolutionary because the phone pretty much did the same thing with each successive version being smaller, lighter and cheaper.  

Looking at the next 6 years and by 2011 contractors were starting to work collaboratively on plans with their mobile phones and now tablets thanks to companies like PlanGrid. Moving forward another 6 years to 2017 and you have augmented reality integrated with on-demand training being used in the construction industry.

Things are really starting to change quickly in the construction industry around technology.  What does 2025 look like? What about driverless vehicles? Automation? What is your team doing to put yourselves in a position where you have a competitive advantage or at minimum don’t lose your current position?  




Definition of Sustainability
How sustainable is your construction business? Not your ability to build sustainable buildings, but the true sustainability of your business.
Situational Awareness - Learning to See
It is critical for project teams to develop a model of the project in their minds so that they can quickly make the thousands of decisions required to keep the project on-track. This is called Situational Awareness and includes three basic layers.
Helen Keller - Blind vs Vision
As a contracting business grows it becomes more important the team is aligned around a common vision and culture. It becomes even more critical if the company has more than one geographic location.