July 8, 2009

Never mind the recession. It’s an exciting world in high-tech

RCD Digital Media

Not all sectors are performing poorly in the great recession. “The high-tech sector is exploding with creativity,” writes Reed Construction Data Chief Economist Alex Carrick in his latest blog post.

But this won’t be a potential dot.com-bust kind of scenario, Carrick says.

“The changes that are coming flow out of technology that is well established and many of the biggest and most well-known companies are involved.”

Carrick looks at how retail is being completely altered by the Internet, with companies such as Netflix, Apple (iTunes/iPod), Amazon, eBay and craigslist leading the charge.

He also notes how social networking sites (Facebook, Twitter and LinkedIn) have grown into business promotional and information-sharing sites, as well as job-search sites.

In the construction industry, BIM (Building Information Modeling) is about to change the way buildings are designed and constructed, Carrick says.

“People simply understand things better when they see them in 3D,” he says.

There’s a problem in Canada, however: the newest technology products are not coming here as soon as they are available south of the border.

“There is often a delay of a year or more,” Carrick says. “This puts our developers at a disadvantage.”

Read Carrick’s full post here

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