AECCafe Industry Predictions for 2023 – XYZ Reality

BY David Mitchell, Founder & CEO, XYZ Reality

David Mitchell

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.

It’s time to set our sights on goals for 2023, and if we are willing to invest in innovation, the growing pool of advanced technology at our disposal will help mitigate the challenges like material costs on our doorstep.

Engineering-Grade AR and digital twin technology are helping architects, engineers, and construction workers to build with millimeter accuracy and manage projects like never before. These are enabling building with superhuman efficiency for lower costs, and further improvements and enhancements just keep coming. Fundamentally, cutting-edge technology is starting to empower contractors to build more accurately and sustainably by eliminating reactive, energy-intensive, and costly rework.

Ultimately, in an increasingly digital world, contemporary construction’s most valuable asset is data, and digital innovations are helping to create more transparency whilst making it more accessible. It’s an exciting time for the sector, and top contractors must keep an eye out for the latest tech coming down the track if they want to go for gold as we race into 2023.

About Author:

David Mitchell is the Founder & CEO of construction technology company, XYZ Reality, the company behind the Atom – the world’s most accurate Engineering-Grade Augmented Reality (AR) headset. Before founding XYZ Reality, David worked as a digital construction manager on some of Europe’s largest projects including The Shard, Battersea power station and hyper-scale data centers. David is a leading expert in digital construction and has been recognized for his innovation in this space.

Category: Industry Predictions

This entry was posted on Friday, January 20th, 2023 at 2:17 pm. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.