For INNOVATION & CHANGE : Perform a full analysis on how new technology will dis

Question

For INNOVATION & CHANGE : Perform a full analysis on how new technology will disrupt the construction industry domestically.. What areas specifically will be impacted? how much? in 5 years , 10 years ? who will be the new losers and winners in that market sector? How will major construction firms change how they operate? Which kinds of workers will have to be retrained? how will this impact the job market? provide specific metrics. What areas will be affected by global implementation? How is this different from the impact domestically? Who will benefit? how can this change global trends? What current global housing needs exist?
For INNOVATION & CHANGE : Perform a full analysis on how new technology will disrupt the construction industry domestically.. What areas specifically will be impacted? how much? in 5 years , 10 years ? who will be the new losers and winners in that market sector? How will major construction firms change how they operate? Which kinds of workers will have to be retrained? how will this impact the job market? provide specific metrics. What areas will be affected by global implementation? How is this different from the impact domestically? Who will benefit? how can this change global trends? What current global housing needs exist?
For INNOVATION & CHANGE : Perform a full analysis on how new technology will disrupt the construction industry domestically.. What areas specifically will be impacted? how much? in 5 years , 10 years ? who will be the new losers and winners in that market sector? How will major construction firms change how they operate? Which kinds of workers will have to be retrained? how will this impact the job market? provide specific metrics. What areas will be affected by global implementation? How is this different from the impact domestically? Who will benefit? how can this change global trends? What current global housing needs exist?

Explanation / Answer

Technology has changed the Construction industry domestically. Technology has changed areas like manpower, time taken for completion a project, Environment, Natural resources etc. Technology helps construction in less cost and less time. It will change the way the workers do the construction. Where huge manpower needed to build a building before now it will replace manpower to machines.

More than 60% of work to be done by machines instead of manforce. In less space multistorey building will be constructed. In coming 5 to 10 years construction industry will change very fast as new innovations are coming day by day to save the cost of project and time taken. Now waste materials are also used in construction.

This will retrained only skilled workers to manage the machine operated way of construction at site. This will give high impact on job market as unskilled workforce will be removed from job market. Global technology innovation in construction industry will impact domestically as well as adoption of new technology is getting faster pace.

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