The AEC industry is one of the world economy’s largest sectors, but profit margins are tightening, productivity growth is lagging, and labour shortages and material costs add further challenges. Digital transformation holds the key for the industry to address many of the issues it is facing and also provides significant opportunities for those who are willing to embrace change. But who are the entrepreneurs prepared to tackle the world’s most notoriously difficult and inefficient sectors?
Paul Wintour is an architect and founder of Parametric Monkey. He’s interested in solving AEC problems at scale. Matt Bishop is an engineer and founder of BVT. He is about to launch a product for the AEC sector that will do just that, starting with a particular niche in the market. The two came together when BVT engaged Parametric Monkey to help establish an innovation framework. They discuss what it takes to become a technology-led organisation in the AEC industry.