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Op/Ed

How are smart cities impacting the construction industry?

[OPINION EDITORIALS] The movement towards smart cities will change the construction industry for the best – creating more connected, collaborative, and efficient cities.

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There are few innovations in recent years as impactful as the digital revolution. The world is now on the verge of what might be the ultimate expression of mass digitization: the smart city. Interconnectivity and data have proved themselves in the business world, and now they’re moving into the streets.

As the world’s metropolises start diving into the IoT, some questions emerge. The smart city movement will spur a ripple effect of changes across many industries and aspects of daily life. How will these changes affect the construction industry?

Construction is one of the world’s largest industries, generating more than $1 trillion in the U.S. alone. Since smart city technology relies on new infrastructure, this shift will undoubtedly touch this massive sector. Here’s a closer look at how.

The smart city revolution is boosting construction.

The smart city movement is still in its infancy, so some changes will take a while. Others are more immediate, like the impact on construction revenue. One of the first effects smart cities construction companies will notice is a surge in new projects.

For areas to experience the full advantages of smart cities, they’ll need new infrastructure. All this infrastructure has to come from somewhere, so construction companies will see an increase in available opportunities. This industry boom could last for several years, as cities gradually adopt more and more smart infrastructure.

Not only will the number of construction projects increase, but these new opportunities will also be profitable. By some estimates, global smart city spending will approach $124 billion this year. Singapore, New York, Tokyo and London alone may account for as much as $1 billion of that spending.

Construction will change to meet new needs.

A more long-term change, and a more substantial one, is that the role of construction will shift. Digitization has changed what people do across various industries, and now that movement is coming to the building sector. As smart city development gradually becomes standard, construction companies will start to look more like technology businesses.

By its very nature, smart city technology requires a marriage of construction and computer sciences. Consider the ambitious Toyota Woven City project, where they’re building a small-scale smart city to test new technology. Woven City will see architects work alongside scientists and researchers to create the infrastructure necessary for things like self-driving cars to function.

The connected city movement is changing what it means for infrastructure to be functional. As a result, the industry will have to shift to fit this new definition, becoming IoT experts as much as architectural ones. This shift won’t take place immediately, but the sooner companies can morph, the better.

The industry is becoming more collaborative.

Given this technological metamorphosis in the industry, construction companies will have to embrace collaboration. The most prevalent instance of this collaboration is the one between builders and data science companies. Construction companies can’t expect to become data experts overnight, but they can reach out to data professionals.

Some businesses have already started to adopt this approach. PCL Construction is now teaming with CopperTree Analytics to incorporate data-gathering and analysis technology into their infrastructure. PCL is not a data analytics company, but by collaborating with one, they can offer the services the cities of the future need.

As new technology allows for more collaboration between companies and clients, residents will have more of a say in planning. Urban development, especially smart city development, ultimately serves the people, so construction businesses may collaborate with residents more. The public may have access to platforms where they can discuss the kinds of infrastructure they need.

A smart city could improve urban construction.

Construction companies themselves can experience some of the advantages of smart city technology. This movement isn’t only making businesses shift in the present, but will also improve them in the future. More connected city infrastructure in an area could make things easier for construction companies working on nearby projects.

Pittsburgh employs an AI-based traffic light system that reacts in real time to redirect and optimize traffic flow. This system reduces travel times by 25% and shows the potential for helping with things like in-city construction. Networks like this could redirect traffic around construction zones, reducing construction’s impact on traffic and improving safety.

With more data points in the city, crews could get a more cohesive picture of each site’s conditions. Data on traffic patterns, population and weather could help companies optimize their plan and maximize both safety and efficiency. As construction companies install more connected infrastructure, they can benefit from it.

When will this all take place?

It’s all but a guarantee that the smart city movement will cause substantial changes for the construction industry, but when these shifts will start to emerge, may not be quite as clear. As with any prediction, there’s a lot of uncertainty involved, but some changes are already taking place.

The industry will evolve as smart cities become more common, which won’t take long. The urban population has grown by 40% in the past decade alone, and this trend will likely continue. With more population in cities comes a heightened need for connected infrastructure, driving these industry changes.

As mentioned earlier, some construction companies are already starting to adopt collaborative, data-driven approaches. Within the next 10 years, this will likely become a standard throughout the industry, which will coincide with the changing role of construction. The COVID-19 pandemic may slow some of these trends, but only by a couple of years at most.

As cities change, so will construction.

In some form or another, the construction industry will change because it cannot remain stagnant and still sustain smart city development. Every sector always evolves to meet the needs and demands of the market, and construction’s market is moving toward connected cities. As urban development takes on these new tasks, the face of the sector will shift in response.

The construction industry is dynamic, which benefits us all. In the coming years, the sector will be more collaborative, more data-centric and more profitable than ever.

Megan Ray Nichols is an editorialist at The American Genius, and is a technical writer who's passionate about technology and the science. She also regularly writes at Smart Data Collective, IoT Times, and ReadWrite. Megan publishes easy to understand articles on her blog, Schooled By Science - subscribe today for weekly updates!

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Op/Ed

5 side hustles that could turn into your new career

(EDITORIAL) With COVID throwing all jobs out of whack, maybe now you can explore something new and actually make a career change. Here’s 5 side hustles to try.

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When you think of finding a side hustle, you might picture yourself finding an obscure job as a bike courier three nights a week or maybe even walking your neighborhood dogs. Both of these positions can be fun and pay extremely well depending on who you work for.

There are endless opportunities for part-time, enjoyable, profitable side hustles. However, if you take on any of the following side gigs, you could end up with a new career.

1. Day trading

Day trading is the purchase and sale of a stock, bond, or security all within the same day. Many entrepreneurs are drawn to day trading because it’s fast-paced and risky, but with the right skills, day trading presents a potential for serious profit.

If you’re curious about day trading, RJO Futures published a guide on how day trading works. RJO’s article explains that whether you trade from a large firm or on your own, you’ll need three tools:

  • Access to a trade desk. This will give you instant order actions the moment your trades are placed.
  • Analytical software. Analytical software will help you identify key indicators to inform your next move.
  • Access to news outlets. Day trading – specifically day trading futures – is volatile. Prices move by the second and having access to news outlets will give you a heads up if your market might be affected.

Be aware that if you enjoy day trading and get good, you might want to go full-time. It’s possible to turn day trading into a career, but the learning curve is steep.

2. Investing in real estate

Real estate is a lucrative industry, but it’s not for everyone. Popular among entrepreneurs, investing in real estate requires long hours of study, extensive research, and getting your hands dirty.

Usually, real estate investors have side hustles to supplement their income. However, many people get into real estate as a side hustle and end up turning it into a career.

If you want to get started in real estate, don’t jump to investing right away. Take the expert advice from the folks at Bigger Pockets and start by learning about the industry. Get a part-time job as an assistant property manager to pick up industry knowledge and learn your local landlord-tenant laws. If you’re going to invest in real estate to rent out, you’ll be a landlord at least for a short period of time until you hire a property management company.

If you know someone who can help you make your first investment, you don’t need to wait. However, to be successful you have to think outside the box to gain a full spectrum of industry experience.

3. Content writing

Every business needs content writers and many are willing to settle for any level of proficiency. If you have any writing skills, you can easily pick up some content writing gigs on job listing sites.

If you love writing, you might start out writing one blog per week and decide you want to pursue writing full-time. If it’s truly your passion, stick with it and you’ll find the right clients who will pay you generously for your work.

4. Coaching

Whatever people are struggling with, there’s a coach to save the day. Life coaching and business coaching are the most popular, but you can coach people on anything you’re passionate about.

Being a coach isn’t easy. Even people who intentionally start a career as a coach struggle. What most people don’t realize about coaching is that passion does not equal profit. Coaching is a hard sell, but life coaching is especially difficult. Running a coaching business requires more than business skills – you need to be proficient at helping people solve their problems.

If you’re good at helping people solve their problems, there’s a chance you might get addicted to being a coach. There’s nothing more satisfying than helping people grow and transform their lives.

5. Thrifting

It’s not hard to find sellable items at your local thrift stores. However, you need an eye for what people want to buy. If you’ve got that eye, you could end up with a new career.

For example, Natalie Gomez, a former merchandise planner at Macy’s, took on thrifting as a side job and wound up making thousands of dollars. Gomez was interviewing for a new job when she realized she was already making a good living selling clothes.

Enjoy your side hustles

Even if you don’t turn your side gigs into a career, take on gigs you enjoy. Money is necessary, but it’s never worth sacrificing your happiness.

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Op/Ed

Want to move past your burnout? Stop using multiple lists

(EDITORIAL) How my evolving understanding of “burnout” helped me learn an important distinction between being busy and being productive.

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too busy to burnout

When I used to hear the word “burnout” I would picture the freaks from the gone-much-too-soon series, Freaks and Geeks, as they would bum around outside, smoking in between classes. Now when I hear the word “burnout,” I think of myself a few years ago as my brain was being fried by life.

I wasn’t smoking between classes, rather running around like a chicken with its head cut off trying to figure out how to manage all of my tasks at hand. I’d make a to-do list, see everything I had to do, and drown in overwhelm.

I’d spend my days fretting over how busy I was, and nights catching up with friends via phone, talking about how busy I was and how there just wasn’t enough time in the day.

Notice that nowhere in here was I actually doing anything productive. I fell into a vicious hole of being so consumed with how much I had to do, I wasn’t taking the time to do anything but stress.

At first, it made me feel interesting and somewhat important that I had so much going on. I quickly realized that no one cares and it’s not that interesting (I also quickly remembered how much I love to just relax and not have something planned every day of the week).

This is where I learned the of the most important lessons to date – being busy does not equal being productive.

It got to a point where I was running on fumes and eventually had this epiphany that how I was operating was doing nothing to help me. This was in part brought on by seeing someone close to me behave the same way, and I was able to actually look at how defeating it was.

From there, I made it a point to change my tune. Instead of wasting time writing and re-writing to do lists, I challenged myself to make one master to do list and accomplish at least one item upon completion of writing the list. This helped shake off the cobwebs and I was able to feel a bit of weight off of my shoulders.

The ideas surrounding the hustle mentality had me so consumed and all I was doing was hustling my way to nowhere. After feeling the burnout, seeing someone else operate that same way, and seeing that hustle mentality mocked, I was finally able to break free and get stuff done.

And, guess what? I have even more to do now, but feel more calm and collected than ever. I just have to repeat the mantra: Being busy does not equal being productive. Being productive – especially in silence – is so much better and much more rewarding.

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Op/Ed

Morning rituals of highly successful people – do you have one?

(EDITORIAL) Success looks different for everyone. But even as an individual, there are some patterns you can incorporate in your morning routine that can get you started on the right foot. Let’s take a look at what successful people do in their morning rituals.

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Fleximize took a look at the morning habits of 26 of the country’s most successful individuals to include the President of the United States Barrack Obama, Arnold Schwarzenegger, Steve Jobs and even Oprah Winfrey.

What was discovered? Well, each of the men and women on their chart start their day early with time blocked out for exercise and meditation, breakfast and family. In short, things that are important!

Someone, somewhere coined it best: “If it has to happen, then it has to happen first!” Everyone has an “it.” Anyone who has managed to find professional success is surely embracing this philosophy. The first hour(s) of the day are used doing whatever is one’s top-priority activity. And no sooner do you start you risk the priorities of everyone else creeping in.

Interestingly enough, exercising in the morning is one of the group’s top priorities. It’s been said many times that exercise helps keep productivity and energy levels up and better prepares us for the everyday challenge of achieving all we can.

From start to finish, the daily life of each successful person is very much dictated by their family and job. But there are definitely some patterns that we can all incorporate into our own lives to achieve higher success and order.

An Insider article found that “the most productive people understand how important the first meal of the day is in determining their energy levels for the rest of the day. Most stick to the same light, daily breakfast because it works, it’s healthy for them and they know how the meal will make their mind and body feel.”

The Fleximize chart demonstrates that successful people consider the quiet hours of the morning an ideal time to focus on any number of things: important work projects, checking email, meditation. And what’s more, spending time on it at the beginning of the day ensures that it gets complete attention before others chime in.

So check the chart and find someone you can relate to.

BI points out that planning the day, week, or month ahead is a crucial time management tool designed to keep you on track when you’re in the thick of it. Using the mornings to do big-picture thinking helps you prioritize and set the trajectory of the day!

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