{"id":21160,"date":"2019-12-11T12:38:04","date_gmt":"2019-12-11T11:38:04","guid":{"rendered":"https:\/\/www.intellias.com\/?p=21160"},"modified":"2024-04-26T14:05:33","modified_gmt":"2024-04-26T12:05:33","slug":"value-safety-and-efficiency-how-iot-innovates-the-construction-industry","status":"publish","type":"blog","link":"https:\/\/intellias.com\/value-safety-and-efficiency-how-iot-innovates-the-construction-industry\/","title":{"rendered":"Value, Safety, and Efficiency: Powering Innovation with IoT in Construction Industry"},"content":{"rendered":"
Anyone who\u2019s ever built a house or had an apartment renovated knows that it never turns out the way you initially planned. The work usually takes longer, costs more, and is of a lower quality than what you originally envisioned. And this seems to be a global problem: massive construction projects encounter the same time and cost issues that you run into when building a house. Luckily, we can rely on IoT in construction industry.<\/p>\n
McKinsey states that large construction projects typically last 20% longer than scheduled and cost 80% more than expected. With numbers like these, it\u2019s critical to fix construction issues sooner rather than later. While several years ago the cost of implementing\u00a0IoT in construction industry was still too high to consider it seriously, things have drastically changed. A multitude of sensors can fit dozens of use cases, connectivity has become cheaper, and the Platform as a Service business model<\/a> is no longer rare. Construction businesses have all the conditions to start adopting IoT into their processes, improving productivity, and better meeting customer expectations.<\/p>\n Here’s how the Internet of Things can help to revitalize the construction space.<\/p>\n