We are in overlapping climate, housing, and affordability crises and we must turn to the construction industry to help build and retrofit our way out. But would you turn to an industry that has been notoriously slow to digitize, lagging almost every other sector? Whose productivity underperformed the rest of the economy? What if I told you that the tides are turning, and the construction industry is on the brink of a technological revolution that could redefine our approach to sustainable, high-performance buildings?
THE LONG OVERDUE DIGITAL TRANSFORMATION
In 2016, McKinsey ranked the construction industry as second last to digitize, only ahead of agriculture. For two decades, global labour-productivity growth in construction averaged a mere one percent a year, compared to 2.8 percent for the world economy and 3.6 percent…
