BY David Mitchell, Founder & CEO, XYZ Reality
2022 was a tough year for construction, rising energy and material costs alongside labor shortages have thrown the industry into turmoil. This challenging period has prompted a refreshed focus on efficiency and productivity. In an industry with traditionally low-profit margins, now faced with recession and the ongoing climate crisis, leading contractors are turning their eyes to advanced technology as a savior in 2023.
We have seen a growth in the adoption of cutting-edge construction technology, such as Augmented Reality (AR), in recent years to revamp building methods. Importantly, continuously evolving BIM techniques and digital twin technology are improving the capabilities of AR and vice versa in a maturing digital ecosystem, upgrading conventional monitoring methods. We anticipate this is a key trend that will continue and grow in the year to come.
