By Chad Hollingsworth
There’s no denying construction’s impact on the U.S. economy. According to McKinsey Global Institute’s 2015 Industry Digitization Index, construction accounts for three percent of GDP share and five percent of employment share, yet it suffers negative productivity growth. This is due in large part to its status as the second least digitized U.S. industry. Unsurprisingly, industries with the highest rates of digitization experience the greatest productivity growth, and unlike advanced manufacturing or utilities, for example, construction has been slow to adopt the digital tools that have automated processes and unlocked efficiency in other industries.
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