WEBVTT

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The way we build is undergoing a profound
reconfiguration.

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The Build domain will be driven by greener materials.

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It will be driven by novel partnership.
And they'll be driven

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by innovative processes like offsite manufacturing

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behind-the-fence, power solutions and modularization.

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New entrants in material technologies
are being observed around the world.

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They are redefining the industry with developments
like smart materials,

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such as self-healing concrete.

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These items are paving the way for a more sustainable future.

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The transformations we're seeing
will see some traditional roles

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and value pools diminish,
while others will emerge.

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This will provide opportunities
for established companies to collaborate

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with one another and to collaborate
with players from multiple industries.

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Engineering and construction companies

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have a unique opportunity
to actually build their own ecosystem.

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Integrating across the value chain is best accomplished

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at the outset of a new project, not after the fact.

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Companies will need to select partners
who bring the right set of capabilities,

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and then establish explicit spheres of responsibility,

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clear channels of communication,
and models of additional opportunity.

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This includes digitizing and automating
with selected partners,

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as well as integrating said partners
into a well-established supply chain.

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The advances in technology and artificial intelligence

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offer important opportunities
for players in the Build domain

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to enhance productivity.

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This is building off existing strengths.

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We've seen construction companies
effectively use IoT, or Internet of Things

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to optimize how projects are actually built.

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It's not that this new technology
will necessarily replace the labour on a construction site

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But rather it will help optimise the intricate

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choreography of a construction project,
helping to make sure

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that the right people show up
at the right time to do the right jobs.

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By engineering a more agile, resilient  and
forward-looking approach

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to the fundamental human need of building,

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we can create greater social,
economic and environmental stability.