Tech Talk: Bringing digital transformation to the construction business

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Emerging technologies are transforming construction job sites everywhere. Several firms are leveraging building information modeling. (Image courtesy wikipedia.org)

Some people still resist technology. How many of you know that one person still carrying a flip phone? While it might be just fine for some to ignore advances in technology, those in the business world need to keep a close eye on the rapidly changing landscape.

Construction firms are facing a number of challenges. Over the last few years, the industry has had to navigate a growing labor shortage and increasing tariffs on foreign-made construction materials, writes Tara Lerman for biznow.com.

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But another, perhaps less obvious challenge has begun to impact construction professionals across the country: the digital transformation.

Emerging technologies are transforming construction job sites everywhere. Several firms are leveraging building information modeling, which helps them plan and build products virtually. Others are experimenting with radio frequency identification, which provides location and tracking services, making processes more accurate and less manual.

Many in the industry have yet to fully adopt these solutions. More than half of construction managers spend only 2% or less of their revenue on information technology, and only 42% of construction managers have a dedicated IT staff, Capterra reported.

To read the complete story click here.

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