Construction Technology Yields Better Bottom Line Results

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

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