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Building the possible with IoT

Latium Technologies discusses Internet of Things (IoT) solutions — devices with sensors and other technologies that collect and exchange data for efficient building process while mitigating risk.

A man in a modern factory with a tablet

The construction industry has not typically been known for its embrace of technological innovation. However, as discussed in the future of construction article, companies are increasingly looking to overcome several challenges — from a shortage of skilled labor to the rising costs of materials — with the adoption of new technologies. Wearables, telematics, sensing technology, and autonomous vehicles are some of the leading innovations that can help promote sustainable growth and create efficiencies in how companies operate.

One challenge facing companies is sourcing the most appropriate solutions for their particular needs and selecting the providers that can best bring about new operational, process, and revenue possibilities.

In the videos below hear from specialists on how companies can select the technology providers and partners that best suit their needs.

Latium Technologies discusses Internet of Things (IoT) solutions — devices with sensors and other technologies that collect and exchange data to allow for a more efficient building process while mitigating risk.

Topics covered in the conversation include:

  • An overview of current IoT products and capabilities
  • The importance of project appropriate and timely product specification
  • Examples of “losses” avoided thanks to IoT technologies
  • Misconceptions of IoT solutions
  • Common IoT considerations for contractors
  • The future of IoT

Embracing new technologies

The solutions and respective benefits available to construction industry companies

Following this discussion, we join Latium Technologies on a site visit to gain a first-hand look at IoT in action. 

IoT in Action

Latium Technologies and Marsh discuss sensors on site

Our people

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Maarten van Haaps

Head of Construction, Marsh Specialty

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Donald Gardner

Head of Construction, Marsh Specialty, New Zealand

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. LCPA 23/486