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The Industrial Internet of Things FEATURE NEWS
As Infrastructure Spending is Anticipated to Grow, Controlling Engineering and Construction Costs is Mission Critical By Andrew AthanasianApril 07, 2021
With a newfound interest in infrastructure investment and the introduction of a multi-trillion-dollar infrastructure bill by the current Administration into the U.S. Congress, it is reasonable to expect continued growth in the construction and infrastructure industry, which is already worth $2.1 trillion or about 4% of GDP.
Industrial engineering and construction costs are rising despite technological advancements that have led to increased productivity in other industries such as manufacturing. Given that the project execution approach for designing and building new industrial assets has not meaningfully changed in the last 60 years, the time is right for innovators to address better ways to conceptualize, design, engineer, develop, and complete large-scale