When it comes to technology adoption, the construction industry has traditionally lagged behind other major industries. Seven in 10 construction companies spend less than 1 percent of their sales revenue on technology, 60 to 70 percent below the average for other major industries, a 2016 JBKnowledge survey found. But as advancing technology has enabled new construction applications, more construction companies are increasing their tech budget. A 2017 Software Connect survey found that 82 percent of construction companies plan to maintain or increase their technology spending over the next 12 months. Here’s a look at some of the technology trends that cutting-edge construction companies are adopting to improve their efficiency, cut their costs and gain an edge on the competition.
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