The Construction industry, which constitutes all things including design, engineering, fabrication, and erection, is among one of the strongest economic indicators in the United States, and in most other countries.
Statistics to that effect can be found published and available throughout, including the US Department of Commerce Bureau of Economic Analysis (BEA) website.
This translates into AEC controlling and affecting a large portion of the GDP.
Despite the fact, and the astronomical sums of money the industry moves, the construction industry is the one that invests the least in Research and Development. For an industry that seems to solely be interested in profit, this fact is nothing less than short-sighted given R+D leads to innovation, which leads to market expansion and creation, thus profitability.
Even if we considered re-investing sums as small as 3-5% in true R+D, we would be making significant strides.
We, at InSB, look forward to enabling a new generation of people that may have something to give back. People that will truly innovate, and have a lasting impact. Areas including Building Materials Development, Systems Development, and other rarely-seen but emerging areas like Robotics in Construction.
The new ROI for AEC is not “Return on Investment”, is “Return on Innovation”. (Thanks, Arturo!)
Join us in the journey, and in the fostering the next (best) AEC generation.