The future of construction tech

As the sector faces new pressures in the form of diminishing margins, low productivity, labour shortages and sustainability concerns, we believe that technology has a significant part to role in progressing and future-proofing the sector.

Our mission at Pi Labs is to identify and nurture disruptive technology companies that have the potential to transform the real estate industry. By bringing together an ecosystem of mentors, innovators and thought leaders from both the property and technology sectors, we aim to accelerate the growth of the most exciting early-stage companies through bespoke packages of financial, operational and strategic support.

Working in property innovation requires us to think deeply about the developments that will shape the way that people everywhere will live and work in the future. The process of constructing new buildings and infrastructure has remained largely unchanged for the past century. Now, however, the industry is on the cusp of a digital revolution — and this is prompting a drastic reassessment of operations across the sector.

In this report, we explore the future of the construction industry and how digital innovation can help the sector to modernise and innovate. We hope our insights offer a clear and realistic vision for how the construction industry will transform over the coming years, as well as highlighting the challenges and opportunities that lie ahead.