Compared to early adopters on the road to digital transformation, the infrastructure industry, meaning the “built environment” consisting of the human-made places and spaces in which we live, work, and play, could be considered a laggard. But it is a laggard with enormous market opportunity—to the tune of $21T annually worldwide and an annual spend of $1.4T in the U.S., representing 4% of US GDP.
Many of the strategic technologies that we know well from deployments in high-tech, finance, and other industries, such as AI/ML and data analytics, are now permeating the infrastructure industry, as are other unique technology enablers specific to architecture, engineering, and construction (AEC).
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