According to the United Nations, over the next 35 years, 2.5 trillion ft² of buildings will be constructed or renovated in cities worldwide. Knowing that buildings produce about 40% of annual global GHG emissions, we must act now to meet emissions reduction targets set by the Paris Agreement.
The industry changes fast and is fueled by five drivers of change:
The Future of Buildings project launched in Spring 2021 is about co-creation, leveraging on the power of foresight & design tools, the creativity of students, and the strong partnership to drive innovation. Jointly managed by ARUP and the EDHEC FIT Chair, the project aims at identifying novel business opportunities in buildings that require multiple parties to act together to develop their full potential.
For the 9 months of the project, you will be supported by 350 students working on identifying key trends and future development scenarios in order to develop innovative solutions to your problems that are desirable, technologically feasible, and financially viable.
The building sector today suffers from fragmentation, complex regulation, low productivity growth, poor procurement and supply-chain management, and contractual frameworks that hinder collaboration across the value chain. At the same time, it faces big challenges, like reducing its carbon emissions, digitalisation and the difficulty to attract skilled workforces.
So is there hope? We believe, yes. There are many change drivers that may still create a perfect storm and revolutionize the industry. Let’s fast forward and explore 4 scenarios of how the building sector will change in 20 years' time.
Imagine yourself in the year 2040.
To learn more about the challenges surrounding the Future of Building Project, read Professor René Rohrbeck's article:
'Circularity, Industrialisation, Digitalisation: The perfect storm to revolutionize the buildings sector?'
Somfy is supporting the work of the EDHEC FIT Chair in identifying novel business opportunities in the future of buildings.
Join our academic student teams and share with us your priorities and research questions. As a partner, you will receive at the end of this project a detailed foresight report and customized workshop to transfer the project insight into your organization.
If you are interested, contact ALIX LA COTTE by sending an email to [email protected]