The security industry is developing faster than ever before.
Technological development and digitalization play the leading role and shape the life of tomorrow.
The fact that Building information modeling (BIM) is not a software, has been repeated like a mantra for many many years and is now a well known fact. Nevertheless, since BIM in its practical form is executed using BIM (enabled) software, looking at BIM software is important.
We've come a long way from ringing the doorbell or even needing keys to enter our homes, offices and buildings. Technology has given us smartphone apps, finger scanners and key cards. And now, facial recognition is making access even more convenient and secure.
There are about 700,000 hotels worldwide, accepting guests in over 16.4 million rooms. As the travel and hospitality industries are rapidly growing, millions of customers are checking in and out of hotels every day. The interactions between a guest and a hotel are much more than just a business transaction.
As a resource-intensive industry, construction has a notoriously high environmental impact: According to some estimates, it accounts for up to 40 percent of the global carbon emissions. The sector is also a significant source of pollutants. The World Bank states that the construction waste will increase by 70 percent by 2050 unless there's urgent action.
Manufacturers of building products are striving to optimize their internal processes to be more competitive, innovative, and powerful. It's no secret that embracing digitalization is the easiest way to achieve this novel goal. However, how does one optimize the process of optimization?
Worldwide data is growing at a staggering rate. By 2025, it'll reach 175 zettabytes, from 33 in 2018. However, it's not just the data that's growing: In 2018, hackers stole half a billion personal records -- a 126 percent jump from 2017.
Digital technologies drive optimization, boost efficiency, cut costs and environmental impact. As the advanced economies are racing to embrace the new industrial revolution, also known as the “Industry 4.0", construction remains one of the least digitized sectors.
Building Information Modelling (BIM) had its beginnings in the 1970s, as the design innovators from the United States, Western Europe, and the Soviet Block competed to create a software solution to disrupt the architecture. Thanks to this technology, which keeps growing and optimizing itself, in the late 20th century, modern architecture went through a mini-renaissance.
Construction is notoriously a conservative domain. It's among the least digitized sectors, but also one of the most wasteful, generating 35 percent of the global landfill mass. Yet, with the rise of urbanization and population around the world, the need for new buildings, hence, construction, is direr than ever.
With internet access reaching the farthest corners of the world, a new kind of industrial revolution is reforming the work as we know it. As of 2019, more than 26 million workers in the United States alone - comprising 16 percent of the overall workforce - telecommuted to their jobs.
For businesses to truly succeed, they must invest in sustainable development and for the Sustainable Development Goals to succeed, business will be the lynchpin of success
Names like FinTech (financial technology), and PropTech (property technology) are widely in use. However, as these multi-billion-dollar industries keep raising their influence on global markets, there's still much mystery surrounding a new member of the "Tech" family: ConTech.