Exponential Growth of Technology

Technology innovation has always occurred at an exponential rate and has been starting to impact the $1 trillion construction industry at increasing rates.

D. Brown Management Profile Picture
Share

In many cases we don’t recognize innovation that is happening at an exponential rate because the starting point is so small that we only start to see the growth when it reaches a tipping point.

Sustainable Growth: Accelerating Technology Innovation. What does Technology look like in another 6 years? How does it impact your business?

Consider the changes that that occurred just in the mobile phone between 1983 when Motorola released the first “Brick” phone until 2005 when Nokia “Candy Bar” phones were ubiquitous.  The changes during that 22 years seem evolutionary because the phone pretty much did the same thing with each successive version being smaller, lighter and cheaper.  

Looking at the next 6 years and by 2011 contractors were starting to work collaboratively on plans with their mobile phones and now tablets thanks to companies like PlanGrid. Moving forward another 6 years to 2017 and you have augmented reality integrated with on-demand training being used in the construction industry.

Things are really starting to change quickly in the construction industry around technology.  What does 2025 look like? What about driverless vehicles? Automation? What is your team doing to put yourselves in a position where you have a competitive advantage or at minimum don’t lose your current position?  




Doing What is Necessary
We've never seen anyone who consistently did whatever it took for the team to win, including developing new capabilities, who wasn't wealthy in all aspects of their life.
The Basic Math of Ownership Transitions
Ownership succession for a construction business is complex. Sometimes it is best to back up and look at a really simple model to keep the three primary parties focused on what is truly important.
Impacted Productivity - Dilution of Management
Dilution of management will compound an already impacted construction project. It is important for teams to realize the full costs of impacts as they start to occur.