CHALLENGE 1 — NEW AND EMERGING TECHNOLOGIES
Q. What new and emerging technology will have the greatest impact on business in future years and how might those technologies be applied to the built environment, whether during construction or throughout the built life cycle?
To enter the Undergraduate competition, Applicants must submit an 800-word essay using the official online Application Form. When submitting your entry, you must clearly select the relevant competition and Challenge to which your essay entry relates, e.g. Undergraduate competition and New & Emerging Technology challenge.*
Q. Do you have a viable idea that uses a new or emerging technology to radically reduce costs, increase efficiency or improve sustainability, quality or compliance during construction or throughout the built life cycle?
To enter the Open competition, Applicants must answer a series of questions contained on the official online Application Form. When submitting your entry, you must clearly select the relevant competition to which your Application relates, e.g. Open competition and New and Emerging Technologies challenge.
Prizes for the competition Winners and Finalists can be viewed on the Prizes page. Undergraduate prizes typically include work experience and short term paid internships. For the Open competition, prizes include longer term paid internships, continuing professional development, mentoring, R&D grants and investments in your business/idea.
Technology is perhaps the greatest agent of change in the modern world. Breakthroughs in technology offer the promise of solutions to some of the most important and pressing global challenges.
From a historic standpoint, the construction sector has been one of the lowest (by % spend) and at times slowest of sectors to adopt new technology. It is nevertheless an information and labor intensive industry, where new and innovative approaches could have a big impact on efficiency, costs and cash flow whilst at the same time improving sustainability, quality and compliance.
Many types of technology could have an impact in these areas including: Solar Power, Off Site Manufacturing, Artificial Intelligence, Robots, Cloud Computing; embracing the digital revolution; increasing collaboration and mobility; BIM; 3D Modelling and improving the use of big data and analytics.
With margins and cash flow in the construction industry under pressure, it is important that technology investment demonstrates a clear and sustainable return on investment.
Are you ready to accept the New & Emerging Technologies challenge?
Undergraduate Competition – For the winner of the COINS Grand Challenge Undergraduate competition, we are looking for someone who understands which new and emerging technologies are likely to have the greatest impact upon business and who can also articulate how those technologies can be applied to best effect within the construction industry.
Open Competition – For a winner of the COINS Grand Challenge Open competition, we are looking for someone with a grand but viable technology-based idea that will have a significant impact on any of the aspects of cost, efficiency, cash flow, sustainability or compliance. This could relate to any stage or process in the construction life cycle of built assets, from component design and manufacture, through build and on-going usage, or with an impact throughout the whole construction life cycle.
*The Undergraduate competition is specifically for people currently studying for a university undergraduate degree. However, undergraduates may also enter the Open competition if they believe that they have an idea that will meet the Open competition entry requirements.
THE 2018 COINS GRAND CHALLENGE IS COMPLETE
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