Mining & Construction Technology shaping the Future of the Industry
What separates the human race from others is our ability to learn and move forward. We are the most advanced race on the planet because we get inspired and we innovate. We are constantly looking to make tasks more efficient and more productive. Our attitude is no different when it comes to the mining and construction industry. It is safe to say that industry as basic to human life as construction and mining, needs more of that innovation and technological expertise. The demand for Industrial Construction Equipment grew by 24% in FY 2017-18, and the sector crossed 90,000 units for the first time.
Even in the troubling times of the Covid-19 pandemic, 3.1% is the estimated growth of global construction in 2020. Some companies are skeptical of using advanced technology. This attitude is not based on any rational ground or reasoning. Adopting the available technology will contribute to productivity.
Software and Mobile Technology
Software technology has given wings to an architect’s imagination while a safety cover to ground workers. If we talk about construction work, designing has become relatively easier and we have the advantage of seeing the final phase of the project before it has even started. When it comes to mining, the ground workers feel much since they can contact the superior much faster if anything goes south. Deals can be made and impromptu meetings can be arranged on the phone, saving precious time and increasing efficiency. Software technology has thus impacted safety levels.
The global Artificial Intelligence (AI) in the Construction market is forecast to reach USD 4.51 Billion by 2026. We are keen to give a brain to the machine that already has strength. Imagine if the machine could detect its mistakes and correct them. AI has the potential of improving the designing process as well as on-ground construction work. A 2017 McKinsey report says that construction firms could boost productivity by as much as 50 percent through real-time analysis of data. This can be addressed through AI.
The way we do manual work was heavily impacted in the 20th century with the invention of machines which are commonly seen in a construction area. We do not need to dig 6 feet in the ground with our bare hands or transport material using animals. We have made machines for that. Machines that look heavy and work heavy-duty. All these machines are being improved day by day. They are stronger and more economical than they were before. They are extremely reliable and versatile, too. The mining industry will suffer heavily if these machines were to disappear even for a day.
Last but not the least, small machinery has affected the mining and construction industry differently. Small machines have resulted in increased craftsmanship and efficiency. We no longer have to drill holes or craft wood. But if we did have to, would we be able to do it as clean as the machines do? Another advantage is its affordability. They can be used by contractors with low financial availability, too.
There is no debate on the fact that technology has revolutionized mining and construction. Every business will only gain by investing in the latest technology.
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