• McKinsey FINALLY updates their Productivity Curve, & The Future Of Construction - David Rockhill, Partner at McKinsey

  • Aug 6 2024
  • Length: 1 hr and 6 mins
  • Podcast

McKinsey FINALLY updates their Productivity Curve, & The Future Of Construction - David Rockhill, Partner at McKinsey

  • Summary

  • Construction tech is booming, but adopting it remains a challenge. Why?

    David Rockhill from McKinsey shared some eye-opening insights on our latest episode.

    He explained how the industry has changed in the last 6-7 years, with tech now tackling on-site issues - the biggest value pool in construction.

    He also revealed how AR and VR are transforming construction worker training, making it faster and more effective than ever before.

    We discussed:

    ✅ The updated McKinsey productivity curve (coming soon!)

    ✅ Why "pilot purgatory" hinders tech adoption

    ✅ How AR/VR and digital twins are revolutionizing worker training

    ✅ McKinsey's AI tool "Lily" that's transforming knowledge management

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    This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

    Visit: https://maketheshft.digital

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    BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

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    Timestamps:

    00:00 - Intro

    04:02 - Main Reasons for Less Productivity In Construction

    06:10 - David's Journey Into McKinsey

    16:30 - Trends that David sees In Construction Industry

    24:25 - David's Perspective on Robotics

    34:56 - Process That Corporations Customers Should Follow

    40:00 - How David Picks The Best Solution

    45:14 - Problems That Innovation Heads Have

    49:35 - Future of Software in AEC

    01:05:48 - Outro

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