Kate Hardin leads Deloitte's research team focused on the implications of the energy transition for the industrial, oil, gas and electricity sectors, and has more than 25 years of experience in the energy industry. As the industry continues to adopt these innovations, construction projects will be more agile, safe and cost-effective. For example, private capital support allows construction companies specializing in sustainable practices to adopt advanced technologies, thus promoting environmental sustainability in the industry. Initial costs associated with sustainable construction can be offset by reduced long-term lifecycle costs.
Since the global housing stock is expected to double by 2060, the implementation of living materials in construction practices could play a crucial role in meeting climate goals. By taking advantage of new technologies and innovative materials, construction companies can address these financial challenges more effectively, although the initial investment can be substantial. While it has served clients in many industries, its primary focus has been serving engineering and construction (E&C) companies. As an architecture, engineering and construction (AEC) firm, efficiently managing an ever growing library of digital assets is crucial for companies.
Nearly half of respondents from the construction and design sectors expect most of their projects to be environmentally sustainable by the end of this year. In addition, statistics indicate that modular construction can reduce waste by up to 90% compared to traditional construction methods. The construction industry of 2024 isn't just about building structures, but about building them with the precision and efficiency that are possible thanks to cutting-edge technology. The adoption of robotics and automation in the construction industry is increasing as companies seek to improve their workforce with technological solutions. However, these totals are likely to reflect the uptick since the first year of the pandemic, when hospitals suspended construction to focus on treating the influx of COVID patients, while many temporary facilities for diagnosis and treatment emerged.
Artificial vision makes it possible to provide assistance in real time, connecting works with main offices to make faster, more data-based decisions. In fact, drones are used on at least 37% of construction sites, significantly reducing the need for workers to carry out manual inspections at high altitude. The construction sector is still very labor-intensive, as it involves many repetitive and time-consuming tasks that are prone to causing human error. and fatigue.
