The Dig Daily Dose - Edition 120

Elevate Your Industry Insights

 “You must be the change you wish to see in the world.”

— Mahatma Gandhi

How do you effectively convey this concept to your team?

It is all too common for individuals within our organization to focus on what is "wrong" with the company, their superiors, or their colleagues, and this negativity can have a detrimental impact on the entire organization.

As a leader, you must embody the change you wish to see in your business world, as the famous quote suggests. Instead of simply explaining, you must lead by example. Challenge yourself to truly understand the dynamics at play and pose the question to your team: "What can we do collectively to enhance our work environment?" Some companies address this by crafting a comprehensive mission statement, while others engage in policy and procedure reviews to gather input from their teams on how to improve operations. So, what will you do to initiate the change you desire? The only course of action that is guaranteed to fail is doing nothing. Remember, "wishing isn't working!"

— Wayne Jensen

Currently In The News

5.2 magnitude earthquake hits Texas: Here's why people might be to blame

‘Buy Clean’ Initiative to Upgrade, Cut Emissions at More than 150 Federal Buildings

In Texas, there have been 591 magnitude 2.5-plus quakes this year, compared to 207 in 2019. A 2022 report by the University of Texas at Austin found that 68% of Texas quakes above magnitude 1.5 were linked to oil and gas production. Humans can cause earthquakes through underground activity, as seen in the Paradox Valley in Colorado and Oklahoma. Injecting water and fluids into deep wells under high pressure can "lubricate" fault lines and induce quakes. While fracking can cause quakes, they are typically too small to be felt. Injection wells, on the other hand, can cause more noticeable quakes. Wastewater injection is more likely to induce earthquakes than hydraulic fracturing.

Fire Hydrants Market Size to Hit $2.07 Billion

The market is expected to grow from US$ 1.50 billion in 2021 and is projected to reach US$ 2.07 billion by 2028; it is expected to grow at a CAGR of 4.6% from 2021 to 2028.

The fire hydrant market is highly competitive, with companies such as American Cast Iron Company, AVK International A/S, BOCCIOLONE ANTINCEDIO, EJ Group, Inc, IMP Armature d.o.o, Kupferle Foundry Company, McWane International, Mueller Co. LLC., NEWAGE FIRE PROTECTION SERVICES PVT. LTD, and Rapidrop Global Ltd leading the way. These companies are focused on expanding their market presence and acquiring new customers. In February 2021, IMP Armature d.o.o. received a platinum certificate of creditworthiness. The World Bank envisions technology-intensive smart cities with interconnected networks and sensing technologies. As cities become more densely populated, the need for effective fire response increases. IoT-enabled sensing technology can improve fire response by connecting fire hydrants to cloud-based software and apps. Wireless technologies and easy internet access contribute to the adoption of fire hydrants. IoT sensors can monitor electrical systems and detect heat sources, sending immediate notifications to prevent disasters. As smart cities and buildings become more common, the integration of IoT-based fire hydrants will continue to grow, driving market growth.

Construction in the Digital Age

Linesight's on how technology is radically changing the way buildings get built.

Construction projects generate a lot of data that needs to be managed and utilized effectively. Consultants use Project Management Information Systems (PMIS) to organize and share data to ensure projects are completed on time and on budget. This data comes from various sources and needs to be standardized and presented clearly for easy distribution and analysis. PMIS applications collect and standardize project data, including drawings, schedules, cost information, and project controls records. These systems offer a centralized place for all project information, allowing for better analytics and benchmarking. A PMIS can be especially useful for companies with large construction portfolios, as it helps standardize data across teams and locations. By eliminating data confusion and standardizing information, a PMIS can create momentum in funding and developing new projects. Technology plays a crucial role in construction projects, and a PMIS is just one example of how software platforms can solve problems and provide clear insights for all stakeholders.

DIG INTO THIS ONE

Know What Matters: Lessons from a Lifetime of Transformations

Ron Shaich, founder and former CEO of Panera Bread, shares the lessons he learned from a lifetime of asking what really matters and then making the transformations necessary to bring what really matters to life.

Marketplace

Global Low-Carbon Construction Material Market Set to Reach $578.85 Billion by 2032, Fueling Sustainable Building Practices Worldwide

The global low-carbon construction material market is poised to achieve an estimated value of $578.85 billion by the year 2032, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 8.69% during the forecast period from 2023 to 2032.

The low-carbon construction material market is growing due to increasing demand for various products, driven by the building and construction industry. Adoption of these materials in emerging and advanced economies is expected to propel the market, although challenges such as high prices and uncertain macroeconomic conditions may hinder growth. Low-carbon construction materials offer advantages such as reduced carbon footprint and lower greenhouse gas emissions. They are expected to have a greater impact on end-user industries in the future. The market is segmented by application, material, and region, with the residential segment and metal materials leading the market. North America is expected to see increased adoption of low-carbon construction materials. Recent developments in the market include strategic partnerships and initiatives by key players. Demand drivers include government expenditures for infrastructure development and energy efficiency, while limitations include high prices and insufficient investments. Key companies operating in the market have been profiled, with competitive benchmarking and strategies highlighted.

Direction Of The Business

Building 12 is the heart and soul of the new waterfront neighborhood adjacent to Dogpatch. Here's how the project is progressing.

You might be surprised to learn that the buildings where we live, work, and play are some of the biggest sources of carbon emissions.

The built environment generates 42% of annual CO2 emissions worldwide. Building operations account for 27% of this, while the other 15% comes from embodied carbon in building materials. The building sector is expected to continue growing. We already have the technology for greener buildings; we just need to start using it. Greening buildings now could greatly reduce the cost of transitioning to clean energy. Increasing building efficiency could save up to $107 billion per year in decarbonizing the power supply. Building decarbonization is necessary for carbon reduction today and for a clean energy future. The real estate sector needs to be involved, as recognized by lawmakers in over 30 US states with C-PACE programs that provide financing for green upgrades.

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