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Construction technology is an ever-evolving area that has transformed how we design and build structures. With advances in materials science, artificial intelligence, robotics, data analytics and 3D printing, construction technology is poised to revolutionize the industry.
From virtual reality simulations to autonomous construction vehicles, these new technologies are changing how we work and increasing efficiency and safety on construction sites.
As the demand for sustainable and resilient buildings grows, construction technology will continue to play a critical role in meeting these challenges and shaping the industry's future.
Who Did We Interview?
Lew has, throughout his career, been an innovative social entrepreneur, tackling diverse social problems in multiple industries. Over a diverse career, that experience has helped develop and apply scalable solutions to complex global social issues.
Lew is leading a renowned technology company (Co-founder) in the US. It is an end to end Mobile Platform for the construction/housing space in developing countries with partnership contributions from IBM and MasterCard Innovation Labs.
I believe the construction industry for tech is improving. However, there is still a long way to go to improve production.
The biggest challenge still remains in emerging markets. Most construction tech is too complicated or too expensive for the majority. More than 80 percent of housing construction is self-build, and that has not changed. Lack of credit and a large informal sector are still a challenge for tech as well as low literacy rates.
Certainly capable in specific areas, however a marketplace approach on the digital side would vastly improve production and access to good resources in emerging markets.
I believe it will continue evolving as fintech/proptech becomes easier to use and affordable for the masses. Technology will become a more common tool in the toolbag for a significant portion of the population.
The construction industry needs to continue to work on providing innovation in the process management space to enable the self-build space to gain momentum without solutions for this largest segment of the housing production market.
â€śI am the only one. But I am one. I cannot do everything, but I can do something. And I will not let what I can do interfere with what I can doâ€ť- Edward Everett Hale.
Lew Schulman is a dynamic serial entrepreneur, philanthropist, and speaker. He aims to create affordable housing through a series of both public and private partnerships that are forged upon sustainable growth and interaction with local communities. One of his podcasts on â€ś Innovative Technology for the Construction Industryâ€ť has unleashed some enticing information on the latest trends.
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