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Inside the By Charles R. Goulding, Michael Wilshere & Andrea Albanese
The R&D Tax T Credit aspects of construction industry IoT
he Internet of Things (IoT) is changing the dynamics of the construction industry in a major way. Recent advancements in remote monitoring provide increasingly detailed information about construction equipment, ongoing project details and the condition of finished projects. Low cost sensors provide real-time data about truck locations and driver behavior, the condition of heavy equipment and deterioration in bridges, tunnels, roads and buildings. Managers are beginning to use the new wealth of data to manage inventory and reduce downtime which often is caused by lack of supplies and long lead times.
Large pay-loaders can cost over $1,000 per day each to sit idle
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COMMERCIAL CONSTRUCTION & RENOVATION — SEPTEMBER : OCTOBER 2016