The construction industry is a cornerstone for economic growth and quality of life. However, it has lagged behind other industries when it comes to technological transformation. As a result, it has failed to yield benefits like process improvements and product innovation that come with technological advances that other industries have enjoyed in the last few decades. However, in the last few years, we have seen a surge of innovative startups that aim to address the challenges the construction industry faces. Thus, this paper seeks to explore the construction technology startup ecosystem by examining its challenges, opportunities, and what the future looks like for the ecosystem. A review of relevant literature was conducted from conference articles and journals from databases like ResearchGate, Emerald, etc. The selection of literature reveals that startups play an essential role in driving innovation, sustainability, and efficiency. The fragmented nature of the construction industry makes it difficult for stakeholders to adopt innovation. Lastly, the industry needs to invest in talent and collaborate more to yield results that come with innovation. This paper is essential because it gives an overview of the construction startup ecosystem. Thus, it will help investors, founders, policymakers, and various construction stakeholders with the necessary insights that will help them foster innovation and digitalization within the sector.
Gender Issues in the Construction Industry: An Analysis of Research Trends
Track 3: Social Innovations, Entrepreneurship & Indigenous Knowledge Management In Africa Jummai Agidani No Books Available!