IoT is changing the Construction Industry
Construction companies are increasingly adopting IoT technology to successfully address common workplace challenges and streamline operations to benefit from enhanced efficiency and improved responsiveness to the increasing demands of the industry. Flat productivity, reduced margins, more schedule overruns, and increased competition are some of the obvious challenges construction companies are considering implementing IoT technology and digitalization. IoT in construction offers benefits such as better productivity, maintenance, security, and safety. Moreover, many prominent companies are producing and launching new IoT solutions for the construction industry, which is expected to propel the global market further.