Technology has had an impact on virtually every aspect of life from the checkout counter at the local grocery store, to how new keys are cut at the hardware store to how passengers check-in for flights at the airport. The American landscape is littered with changes brought about by technology. The job site is no exception as project managers, contractors and subcontractors are now using Building Information Modeling (BIM), augmented reality, and scheduling software to more easily and profitably manage their projects. Unfortunately, the construction industry still trails behind other industries in how much is spent on IT. According to the 6th Annual Construction Technology Report, published by JB Knowledge, while construction companies lag behind other industries in IT spending they are starting to expand their budgets to support new investments. It also appears that companies are focusing on data security and more robust estimating, project management, and scheduling software. To help clients, prospects, and others identify the key report trends, Wilson Lewis has provided a summary of key points below.
About the Survey
The survey was distributed to construction industry professionals electronically via email, social media, online advertisements and online publications. A total of 1,974 respondents participated in the survey representing various company types including general contractors, subcontractors, design and build contractors, construction technology providers, architectural/design firms and owners/developers. The size of companies participating varied widely, but a majority had between 100 – 1,000 employees with a revenue range between $5M – $100M.
Key Findings
Contact Us
The is no doubt that construction industry companies have and will continue to adopt technologies that save time, reduce costs and drive profitability. If you have questions about the survey, construction technology or need assistance with an audit, tax or accounting issue, Wilson Lewis can help. For additional information please call us at 770-476-1104, or click here to contact us. We look forward to speaking with you soon.
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