The time has come for the construction industry to embrace emerging technologies. Too many companies are executing projects just as they did decades ago and risk falling behind the innovation curve. This article explains how adapting digital technologies can help you mitigate future risk and drive continued competitiveness.
The construction industry is lagging behind other major industries in its adoption of technology, but this is starting to change. Today, forward-thinking companies are coming to understand the value in digitally capturing and leveraging organisational data, especially with the wider availability of secure, mobile communications. Conversely, those companies reluctant to embrace digitalisation will miss out on the competitive advantages associated with capturing data in real time and turning it into actionable knowledge. It’s time to recognise that this new wave of project solution innovation is having a profound impact on our industry.