Outlook & Trends Archives - Page 3 of 21

Facing Serious Labor Shortages, Construction Needs a New Approach 0

By Jim, Hall, Tenstreet The construction sector is currently confronting a pivotal set of issues. As projections indicate an upsurge in construction spending, the industry grapples with multifaceted hiring challenges, including a widening skills gap, an aging workforce, and heightened turnover rates. Research from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover

2024 Forecast: Top 10 Takeaways 0

Highlights from the latest construction forecasts show that U.S. economic recovery slowly continues, shadowed by inflation and labor challenges, and geopolitical risk By: Tara Lukasik, Glass Magazine Editor’s Note: The following is based on forecast presentations from the 2024 Annual Outlook Forecast Conference from Dodge Construction Network, and The Construction Economy Outlook semiannual webcast by ConstructConnect.

Handling Responsibility For A.I. In Construction 0

By Brian C. Padove and John E. Sebastian, Watt Tieder Hoffar & Fitzgerald, LLP The construction industry has an unfortunate notorious reputation of being resistant to adopting new technological changes while other industries (finance, healthcare, etc.) rapidly embrace digital transformations. While dealing with this reputation, the construction industry, likewise, has been dealing with a decades-long,

Striking The Balance Between AI And The Human Touch 0
- Improving Productivity, Leadership, Outlook & Trends, Risk Management, TECHNOLOGY
- January 23, 2024
By Claire Wilson, Siteline Today, artificial intelligence (AI) technologies are everywhere, impacting various industries and transforming how we live and work. While the construction industry has been slower to adopt AI than other sectors, it’s still making progress toward leveraging the benefits of this transformative technology. But to unlock AI’s full potential, our industry must
READ MORE
Revolutionizing Construction: The Role Of AI 0
- Improving Productivity, Outlook & Trends, TECHNOLOGY
- January 23, 2024
by Dan Doyon, Maxim Consulting Group Technology and AI in Construction Over the past few years, the construction industry, which is typically considered a labor-intensive and traditional sector, has undergone a tremendous transition. Several areas of the construction process have been transformed as a result of the incorporation of Artificial Intelligence (AI) technologies, which are
READ MORE
Construction Companies Are At High Risk For Deepfake Attacks: Here’s What To Do To Protect Yourself 0
- Outlook & Trends, Risk Management, TECHNOLOGY
- January 23, 2024
By Josh Weiss, 10to1pr Artificial intelligence is powering a broad range of tools that can build incredible efficiencies in the construction industry. In the right hands, AI can be used to reduce costs, identify safety hazards, monitor quality control, and solve administrative scheduling issues. In the wrong hands, AI can be used to create deepfakes
READ MORE