The construction and facilities management industry is always evolving. Here's what we read to stay on top of trends, new technologies and data.
The construction industry employs about 7 percent of the world’s working-age population and is one of the world economy’s largest sectors, with $10 trillion spent on construction-related goods and services every year. But the industry has an intractable productivity problem and, according to Reinventing construction: A route to higher productivity, a new McKinsey Global Institute report, an opportunity to boost value added by $1.6 trillion. Read the full report here.
The executive view of facility management (FM) continues to evolve as the industry itself shifts and adapts to new influences, technologies, and challenges. These shifts take many forms and ultimately have an effect on the perception of FM by the C-Suite and the industry's success in positioning itself as a valued strategic partner to the business. Read the full report here.
Interoperability problems in the capital facilities industry stem from the highly fragmented nature of the industry, the industry’s continued paper- based business practices, a lack of standardization, and inconsistent technology adoption among stakeholders. The objective of this study is to identify and estimate the efficiency losses in the U.S. capital facilities industry resulting from inadequate interoperability. Read the full report here.