Construction has played a central role on how we live our lives for centuries, considering that you are reading this in an infrastructure that someone has constructed. However, traditional construction is set to be revolutionised by new technological innovations that will transform the industry we are accustomed to. Accordingly, autonomous machines will probably replace human workers in construction sites, since construction companies are looking for ways to increase productivity and reduce operational costs associated with their business.
For instance, “Big players like Caterpillar and Komatsu, and start-ups like SafeAI and Built Robotics, see value in using autonomous machines to accelerate construction projects.” What is even more mesmerising, according to McKinsey & Co., the world’s GDP can benefit, as “$1.6 trillion of additional value could be created through higher productivity, and autonomy would help the industry achieve that.”
Furthermore, the increased awareness in climate change has provided an increased interest in society to construct more efficient and sustainable buildings. In fact, certain projects have started using Cross Laminated Timber (CLT), which is a sort of wood that is not susceptible to fire and is only taken from sustainable forests. Therefore, the projects are not constructed using steel and cement, which emit CO2 into the atmosphere and hence, helps our society become greener.
Our pioneering Smart LawTech firm can assist you in understanding, adopting or developing the latest technological advancements regarding construction. Our top legal consultants will provide legal advice in a wide range of areas such as compliance with any relevant laws and regulations whether that is EU laws and regulations, national laws or international laws, among others.
Additionally, we are outstanding performers in intellectual property law, contract law, investment law, competition law, consumer law, technology, cybersecurity, privacy and data protection, among others. We have been growing successfully due to our high quality counselling for our clients in a variety of issues and challenges such as copyrights, branding, trademark, commercial contracting, preparing and drafting any legal agreement like terms & conditions and licensing, data protection and privacy, security, divestitures, mergers & acquisitions, private equity, joint ventures, venture capital investments, capital raising, corporate governance, taxes, the rights of creditors and debtors, employment and benefits and many more.
One thing is for sure, when you choose Christiana Aristidou LLC to be your trusted partner, you can be rest assured that the results will surpass your expectations.