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Innovation Speech

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Subject
Powerpoint
School
University of California San Diego
Type
Homework
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Running Head: INNOVATION 1
Title
Author's Name
Institutional Affiliation
Author Note
Course Number and Name
Instructor's Name
Assignment Due Date

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INNOVATION 2
Introduction: Problem Description
The Architecture, Engineering & Construction (AEC) industry is a vital part of a
country's economy. In many countries, it accounts for a significant portion of the
country's total employment. However, despite its importance to the country's economy,
the construction industry still struggles to improve its productivity. In 2010, the New
Zealand Architecture, Engineering & Construction (AEC) industry established a program
to address the issue of low construction productivity. The objective of the program was to
identify and address the various problems that contribute to the issue of low
productivityone of the most critical areas the partnership identified as critical to
achieving significant productivity improvements in innovation. A definitive objective of
20% usefulness improvement by 2021 can't be accomplished by repeating the old
methods of getting things done. New innovative approaches must perform at a similar
cost or keep up with a similar degree of execution at much lower costs. Sadly, the
construction industry is one of the least innovative areas contrasted with different
ventures like manufacturing and traditional services.
Proposal: Solution Description
To significantly improve the Architecture, Engineering & Construction (AEC)
industry, it is imperative that some new innovative technologies like Building
Information Modelling (BIM), Reality Capture Technologies, and Virtual Reality and
Augmented Reality in Construction are embraced in the AEC industry of New Zealand.
Research has depicted that these innovative methods can bring massive significance to
the industry as its being witnessed. Eminently, a few developed nations, Finland,
Singapore, Denmark, and Norway, have effectively implemented these strategies in both

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Running Head: INNOVATION 1 Title Author's Name Institutional Affiliation Author Note Course Number and Name Instructor's Name Assignment Due Date INNOVATION Introduction: Problem Description The Architecture, Engineering & Construction (AEC) industry is a vital part of a country's economy. In many countries, it accounts for a significant portion of the country's total employment. However, despite its importance to the country's economy, the construction industry still struggles to improve its productivity. In 2010, the New Zealand Architecture, Engineering & Construction (AEC) industry established a program to address the issue of low construction productivity. The objective of the program was to identify and address the various problems that contribute to the issue of low productivity—one of the most critical areas the partnership identified as critical to achieving significant productivity improvements in innovation. A definitive objective of 20% usefulness improvement by 2021 can't be accomplished by repeating the old methods of getting things done. New innovative approaches must perform at a similar cost or keep up with a similar degree of execution at much lower costs. Sadly, the construction industry is one of the least innovative areas contrasted with different ventures like manufacturing and traditional services. Proposal: Solution Description To significantly improve the Architecture, Engineering & Construction (AEC) industry, it is imperative that some new inn ...
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