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Last week, we looked at robotics and the need for digitization in the construction industry. This week, we look at why construction companies should embrace new technology. In a 2017 study conducted by KPMG, findings showed that even though 72% of the engineering and construction executives surveyed stated that technological innovation played a role in their vision, less than half had a clear strategy in place to integrate those advancements.
The value and necessity of integrating technology is evident, but many haven’t taken the steps to make it a reality. Among the many benefits of embracing technology for construction companies is reduced onsite accidents, better organized projects, and a more competitive labor pool, all of which can contribute to bigger profits and long-term growth. In what is considered a slow evolving industry with regards to technology adoption, taking even small steps now can position a company for bigger strategic changes in the future, while helping push the industry forward. Read about even more benefits here.
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