Construction.
It is one of the largest markets in the world and looks ripe for disruption from advancing information technology and machine learning. Consider:
- Only 3% of a construction site is active.
- Construction productivity has declined for 30 years in many markets.
- Large construction projects are 80% over budget and 20 months late
- $10t spent per year and growing as a % of global GDP.
Until ALICE, a key component missing within the construction technology was the agility to create alternate execution plans quickly, which is arguably the most essential piece to improving project success factors