This month’s newsletter marks the one year anniversary of Inside Eliminate Downtime! It has been great to share good reads with many of you over the past year. The discussions that have come from the reads have been inspiring and have also shown that the industry is aware of the changes that have already taken place or are still to come. In light of the new decade beginning and the anniversary of the newsletter, I wanted to reflect on the trends that will shape the future of the industry. In a recent blog post I discuss how sustainability is becoming an evermore pressing issue and how we, as an industry, can move towards a more sustainable future within construction. In the blog post I discuss 8 trends that might shape the future of the industry. However, I am sure there are many more. If you have any predictions or foresee any trends that could shape the future of the industry, please share them with me at: sbj@trackunit.com. I am looking forward to some interesting discussions about the trends that could shape the next decade. 

On the basis of that I wanted to focus on an article on how data and telematics can be used to combat climate change. Followed by the increasing importance of virtual and augmented reality and how it will impact the industry and the importance of preventing data silos to create value. 

This Month's Key Questions: 
  1. What guidelines should the industry seek to implement to improve how we measure environmental impact? 
  2. How is your organization using AR and VR to improve efficiency on the construction sites?
  3. When making decisions, are you using data to support these decisions?
 
 

CHANGING THE SUSTAINABILITY CONVERSATION


IoT For All: "Sustainability Process Blueprint"


Sustainability is a pressing issue today and while we often focus on the efficiency and safety on the construction sites, data and telematics can also allow us to better the environment. The problem with measuring sustainability today is the possibility of broad interpretation and generic metrics. Data offers an innovative way to use IoT devices to monitor and measure metrics that impact the environment. Using concrete metrics will mean that there is an increased specificity in results, allowing companies to benchmark themselves to others in the industry. With the implementation of data in a discourse of sustainability, companies will be able to see if they are making any real improvements or they will be able to pinpoint areas in which there is room for improvement. 
 
 
ANOTHER PERSPECTIVE ON CONSTRUCTION

KHL: "Virtual and augmented reality: The realities of modern construction" 


Author, Mike Hayes, makes a good point when he writes about virtual and augmented reality in the construction industry. It is wrong to say that these technologies will change the industry. Rather, they already have. Several companies have already implemented VR and AR technology to create more efficient and safer workplaces. These technologies are allowing companies in the construction sector to build digitally before physically. This means that they are able to find potential problems before the build begins. It’s great to see how new technologies are being implemented and how they will contribute to eliminating downtime. 
 
 
EASING THE DECISION MAKING PROCESS

HBR: "Are You Using Your Data, or Just Collecting It?"


Instinctive decision making plays a large role in the business world. But why would businesses take large risks when they have the opportunity to make a decision based on data. Many companies now have access to a data pool that would allow them to make data driven decisions. While there is nothing wrong with making a decision based on memory, it can often lead to what the author’s call the “flashbulb memory problem”. Executives tend to remember unexpected events rather than an even that follows the norm. This could lead to distorted decision making. Balancing strong intuition and data will allow you to make more informed decisions in the future. 
 
 
How is your organization eliminating downtime? Over half of the companies that lost business in the last year, was a result of low engagement in partnerships due to insufficient resources. This is just one of the key takeaways from the Eliminate Downtime Benchmark. I would like to invite all of you to participate in the benchmark, so you can benchmark yourself to the industry. We will supply you with a personalized report and an industry report so you can get an understanding of how capable your organization is of eliminating downtime. Collaboration is an important step to overcome internal resource and knowledge shortages.
 
 
 
Through collaboration and partnerships we can get closer to our goal of eliminating downtime by 2025. 

If you have any great reads, please share them with me at: sbj@trackunit.com

- Søren Brogaard Jensen, CCO Trackunit
 

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