126 COMMERCIAL CONSTRUCTION & RENOVATION — SEPTEMBER : OCTOBER 2016
By Charles R. Goulding, Michael Wilshere & Andrea Albanese
The R&D; Tax
Credit aspects
of construction
industry IoT
T
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 build-
ings. 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
Inside the
web