Does Technology Hold All the Answers to Issues of Labor Shortages in the Construction Industry?

Does Technology Hold All the Answers to Issues of Labor Shortages in the Construction Industry?

Does Technology Hold All the Answers to Issues of Labor Shortages in the Construction Industry?

Posted on August 18, 2021

Does Technology Hold All the Answers to Issues of Labor Shortages in the Construction Industry?

Construction employment is anticipated to expand by nearly 11% between now and 2026, according to the Bureau of Labor Statistics. This will happen when more young people enter the workforce without construction expertise and as more experienced employees retire. Many American markets are already suffering the effects of a drastically decreased skilled worker force.

While this may appear alarming on the surface, new innovative technologies are being launched that have the potential to have a significant influence on the sector. Take a peek at some of the technologies that are being utilized or proposed right now. Then contact Fund Control at 800-625-5972 to learn how fund control software could be a part of the solution.

Drones can be used in a variety of situations

Drones are being employed on building sites in a variety of ways right now. They’re fantastic for rapidly giving a thorough workplace check, and they may also be utilized to identify potential risks. They may be used to keep an eye on employees to guarantee everyone’s safety, as well as capture photographs of the work while it’s being done to keep construction lenders and other stakeholders informed about the project’s progress.

Drones are also being utilized for risky activities like checking bridges and buildings in some situations. This isn’t going to replace workers; it’ll only need them to learn how to utilize drones to complete their checks.

Robotics are becoming better

Simple, repetitive activities have always been a strength of robots. They can do remarkable bricklaying or rebar tying, for example. Once installed and programmed, these robots are capable of doing jobs quicker than humans. They don’t grow weary, don’t need to take breaks, and can work indefinitely.

Robots today are capable of even more. They may be taught to get familiar with the workplace and to anticipate what will be required. It’s crucial to remember that robots are unlikely to completely eliminate the necessity for construction employees; human eyes will always be required to inspect the job.

Heavy machinery has the ability to run on its own

Similarly to the rise in popularity of self-driving vehicles, there is a rise in the number of autonomous heavy equipment being employed. This can assist reduce workplace dangers, increase productivity, and compensate for missed labor. While these machines are now out of reach for most building projects, we anticipate that their costs will decrease in the future.

Lenders to the construction industry can do more with less

We have developed solutions to simplify the construction financing procedure, including money control, at Fund Control. We’ve made it simple to interact with everyone engaged in a project and to view the progress of any project quickly and simply. Contact us now to learn more, and we’ll set up a free trial for you to get the entire experience.