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Leaders Emphasise Digital Solution and ESG for Construction Industry at ULI Summit
2022 Urban Land Institute (ULI) Asia Pacific Summit, one of Asia Pacific's most established real estate industry gatherings, was held in Hong Kong on August 29-September... moreLeaders Emphasise Digital Solution and ESG for Construction Industry at ULI Summit
2022 Urban Land Institute (ULI) Asia Pacific Summit, one of Asia Pacific's most established real estate industry gatherings, was held in Hong Kong on August 29-September 1, attracting over 500 industry participants from around the world.
Through the summit, Glodon company limited taps into the collective experience of participants to address pressing global and local challenges facing the real estate industry and communities worldwide.
Glodon Vice President - International Business Development Pierpaolo Franco joined young industry leaders at a virtual group forum, exploring how digital solutions and new materials have enabled smarter and healthier ways to build, manage and use real estate.
"The traditional industry has rarely seen as much innovation as in the past few years. Digital solutions and new materials have enabled smarter and healthier ways to build, manage and use real estate," he said.
Smart building digital twins have always been a trending topic in the construction industry. In the panel discussion, Mr. Fraanco answered the question of what digital twins is, explaining that "digital twins are not limited to the complex ecosystem, BIM centre, big data, IoT, artificial intelligence, modeling, computing clouds and etc."
Glodon Software has always been a pioneer player in the digitalisation of the construction industry. One example can be the Olympic village Project in Beijing. The project not only preserves the ecological environment but also represents technological breakthroughs. The result of applying BIM 5D and digital twin shows that workload was reduced by 50%, work speed improved by 130%, work efficiency improved by 150%, and 60,000 cubic meters of earthwork were saved.
ESG has been mentioned at the summit multiple times. Changes in investor attitudes to environmental, social, and governance (ESG) over the last five years have been exponential – it's now considered "one of the most important parts of an investment decision," and five years from now "it's going to be a very different conversation again."
Of the three themes the "E" (environmental), has recently come to the fore, with climate change the main factor. Net-zero carbon targets, meanwhile, are hard to understand and even harder to meet, though "we are trying to put ourselves on a path to go there." Meanwhile, the "S" (Social) is also gaining traction – Blackstone now has a target of one-third diverse membership on boards: "What we're latching onto most is diversity and equity and inclusion," said one of the industry leaders.
Leaders agree that one area that is set for growth is the technology that facilitates the uptake of ESG strategies. Few real solutions exist yet in this area, but there is a huge demand for sensing and monitoring hardware that can measure performance and compliance. This is one area where the lack of regulatory frameworks setting standards for everything from planning codes to environmentally oriented construction standards is holding back the environmental cause.
Glodon has always been sticking to its original aspiration and being diligent on the right path. Digitization has made the construction industry full of vigor and hope. Glodon has always adhered to the lofty mission to "develop a better working and living environment with technology” and insisted on continuously integrating technology and ideals into the construction field. We have been promoting the transmission and implementation of digitalisation with professionalism and creating a new ecosystem of the industry chain with the platform concept of openness, interconnection, sharing, and coordination.
Other industry-leading insights shared at the summit include: How real estate investors incorporate digitalisation of finance in their structure and the continuous rise of alternative asset classes. Explore the links between smart city technology and ESG solutions. How do we take stock of innovation in our industry and better understand the immense developments in this space? What are the major macro themes to watch out for that will fuel real estate demand?
Contact us to find out more about the discussion.
#construction #collaboration #software
https://www.glodon.com/en/articles/leaders-emphasise-digital-solution-and-esg-construction-industry-uli-summit-269 less
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Global Construction Industry Confronts Major Challenges Amid Pandemic and Geopolitical Risks
Market Development Summary
The global digital construction industry is confronting major challenges as it emerges from the widespread disruption caused by... moreGlobal Construction Industry Confronts Major Challenges Amid Pandemic and Geopolitical Risks
Market Development Summary
The global digital construction industry is confronting major challenges as it emerges from the widespread disruption caused by restrictions imposed to contain the spread of COVID-19. With the Ukraine crisis set to persist in the coming quarters, the global economy will face severe headwinds amid high energy and commodity prices, supply chain bottlenecks, and worsening investor confidence. Amid rising inflation, central banks have been tightening monetary policy, but with inflation being driven by supply-side pressures, there is a growing risk that high-interest rates will choke off the recovery from the pandemic. Global construction output is now projected to expand by 3.3% this year, a downward revision from 4.0% previously. This follows growth of 3.7% in 2021 and a contraction of 2.3%
Excluding China, the global construction industry posted growth of 4.5% in 2021 and is set to slow to 2.9% in 2022. Performances across countries and regions will vary greatly, but South Asia and North-East Asia will be the best performers when comparing output in 2022 to the pre-COVID-19 levels. India suffered a sharp contraction in 2020 but rebounded in 2021, and in 2022 output across South Asia will be 10.1% higher than in 2019 in real terms.
Opportunities and Risks
The key risks to project momentum remain significant, with geopolitical uncertainty stemming from the ongoing Ukraine crisis, in addition to rising inflation, tightening monetary policy and supply chain disruptions.
Supply chain disruption is the main road blocker. The global construction industry has been recovering from the severe disruption caused by the COVID-19 pandemic. However, it continues to confront major challenges. Shortages of key materials and associated rising prices for such materials have impacted the progress of construction projects, while logistical hold-ups along with supply chain disruptions are extending lead times. The combination of these factors means that contractors are finding it increasingly difficult to complete projects on time and on budget. Many of these challenges have been exacerbated by the Ukraine crisis, which has resulted in a further surge in energy costs as well as disruptions in the supply of vital materials, including steel.
Labour s hortage has been a long and looming challenge. In addition to supply chain disruptions, the construction industry has also generally been struggling to recruit labour to meet requirements. The shutdown of the construction industry in many major markets in 2020 and also during periods in 2021 resulted in a sharp decline in construction employment, and there have been difficulties in recruiting talent as construction activity bounced back. Prior to the COVID-19 crisis, there had already been concerns about the aging construction workforce and the looming challenge of ensuring that retiring skilled workers would be replaced. The reliance in many markets on immigrant labour has also been exposed in the wake of the COVID-19 crisis, with a proportion of this workforce not returning to their previous locations.
ESG is one of the most important themes of this decade. It's little wonder that pressure on the construction sector to further contribute to the clean environment and be more and more transparent as far as environmental, social and governance (ESG) are concerned. Calls for the construction sector to act are coming from many directions. Investors and consumers are voicing concerns about ESG issues, with legislation, regulation, and reporting requirements evolving quickly in many jurisdictions around the world. In the UK, all companies bidding for government contracts worth more than £5m a year must now commit to net zero by 2050, while new proposals in the EU call for the mandatory disclosure of the emissions potential of new buildings over their whole life cycle, effective from 2027 to 2030. Companies must perform well in all areas of ESG. Being a laggard in any one of the pillars of the ESG framework will hurt their brand reputation and, ultimately, profits. In general, European construction companies respond more rapidly in terms of ESG hiring.
#construction #collaboration #software
https://www.glodon.com/en/articles/global-construction-industry-confronts-major-challenges-amid-pandemic-and-geopolitical-risks-238 less
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India is one of the fastest growing economies in the world. As India is coming up as an economic powerhouse, it is also becoming a hub for startups. It has become imperative for Indian startups to create innovative solutions and disrupt the old ways of... moreIndia is one of the fastest growing economies in the world. As India is coming up as an economic powerhouse, it is also becoming a hub for startups. It has become imperative for Indian startups to create innovative solutions and disrupt the old ways of doing things. Here is the top 20 SaaS companies based in India:
1) Keka HR - The HR Payroll Software
2) Zoho
3) Agile CRM by Mantra - CRM Software
4) IBSFINtech - The TreasuryTech Company
5) VTION Digital
6) Freshworks
7) Playtonia esports
8) Cisco Service Provider
9) VWO - A/B Testing tool
10) Facilio
https://bit.ly/3x3t7sr />
#hiring #marketing #india #education #saas #saasmarketing #saasgrowth #saasstartup #saasproduct #saassales #saasbusiness #saascompany #saasplatform #saassolutions #saassoftware #saasproducts #collaboration #hr #digital #management #software #automation #startups #logistics #machinelearning #video #agile #testing #testing #cisco #hospitalityindustry #datamanagement less
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Brief - Taskade, a new work processing app :- https://medium.com/gigaom-or/brief-taskade-a-new-work-processing-app-3f142abf06d4 :- Taskade, a new ‘work processing’ app with a promising start for team management and automated workflows, created for... moreBrief - Taskade, a new work processing app :- https://medium.com/gigaom-or/brief-taskade-a-new-work-processing-app-3f142abf06d4 :- Taskade, a new ‘work processing’ app with a promising start for team management and automated workflows, created for distributed team collaboration and workspaces.
#taskade, #distributed, #team, #workspace, #collaboration, #realtime less
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