During the past two years, construction contractors have been steadily turning to technology to help improve productivity, enhance site visibility and safety, decrease costs and, ultimately, boost bottom line profitability.
A July 2017 McKinsey survey found that 44% of contractors had implemented digital solutions, a number that is expected to grow to 70% by 2020. This is due in part to the flood of outside investment in construction technology start-ups that is resulting in new, jobsite-specific solutions. And the investment dollars are growing as well: $1.05 billion was invested in the first six months of 2018 alone, representing a 30% increase over 2017.
These new digital solutions are streamlining manual processes, improving safety, and recovering lost time and costs, all of which help improve the bottom line. Continue reading here