Customers want a connection. No longer do construction customers want just an
attractive, climate-controlled building. Instead, they demand infrastructure that minds their safety; provides real-time information, guidance and entertainment; and not only manages emissions but generates sustainable energy. To make any or all of these services a reality, a digital infrastructure is necessary.
Connected worksites mean better EBITDA. Partial digitization can unlock an additional 50 percent earnings before interest, taxes, depreciation and amortization (EBITDA) across a typical construction company’s operations by 2020. Half to 70 percent of the benefits unlocked relate to connected worksites.
Partnerships with niche players are key. No large construction company can house the digital know-how and talent required to cover all aspects of connected buildings, smart homes and sites. Companies that want to lead will form an ecosystem of niche players who specialize in the digital products and services they need to deliver on consumers’ construction demands.