Monday, October 14, 2013

Our Knowledge Economy & The Internet of Things

The knowledge economy is barreling down upon us.  Are you ready to compete in this exciting new realm? 

In the built industry the knowledge economy is marked by the emergence of building information modeling (BIM) as a key technology / process.  BIM delivers a steady stream of relevant and timely information that renders integrated project delivery (IPD) effective.  BIM technologies and processes, when combined with effective delivery models like IPD increase the efficiency with which integrated teams plan, design, construct, operate and maintain complex facilities and supporting infrastructure.   BIM and IPD must, in turn, be supported by new generation legal instruments that support and enable BIM on the one hand and IPD on the other.

Owners - both public and private - who demand increased efficiency and productivity are beginning to recognize the value of The Internet of Things in the built environment.  Integrated team seeking to leverage BIM on the one hand and IPD on the other will be well served to pay close attention to the scope and nature of the digital data streaming through the World Wide Web (WWW) as The Internet of Things gains traction. Leading industry analysts estimate The Internet of Things will have a $15 trillion impact on the world economy within 10 to 15 years.  Connecting the built environment to the WWW through effective use of BIM, IPD and a supportive legal framework will open new avenues of opportunity to hundreds of millions of people around the globe.

The linked article notes:

The Internet of Things concept involves connecting machines, facilities, fleets, networks, and even people to sensors and controls; feeding sensor data into advanced analytics applications and predictive algorithms; automating and improving the maintenance and operation of machines and entire systems; and even enhancing human health. 

Again, are you ready for the revolution?  Is your company?  Are your clients?

Welcome to the Collaborative Revolution!

James L. Salmon, Esq.
Collaborative Construction
300 Pike Street
Cincinnati, Ohio 45202
Summary of Services and James L. Salmon's CV

Office 513-721-5672
Fax 513-562-4388
Cell 512-630-4446

Collaborative Construction Website
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