Construction is the second largest industry and has always been tainted with delayed projects which result in cost-overruns and squandering of natural resources. A lot has been said about the fragmented management system, obsolete and manual procedures which lead to low productivity in the construction industry (which is almost stagnant in the last two decades). But, now the industry is all set to adopt the advancement of construction innovation including visual recording and digital twins.
It was quite evident in the Construction Innovation Contest 2019: Pre-Pitch organized by BUILTWORLD on 23rd & 24th October 2019 in Frankfurt. The event was attended by leading construction companies from different verticals which came together to identify the most promising ideas and products aimed towards digitizing various processes in construction domain. It was attended by companies from real-estate (CA Immobilien, CBRE, Commerz Real, Hines, PATRIZIA, Vonovia), construction companies (STRABAG and VINCI), building materials companies (Wienerberger, Saint Gobain), building machinery (Doka, Palfinger), building technologies (Siemens) and infrastructure onsulting (PwC).
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