The building and construction industry is trailing other industries due to slow digital transformation. The need to boost productivity and minimize project overruns, and the reliance on unskilled labor, are top drivers for IT adoption. This analysis on the building and construction industry’s journey to digital transformation shows the fundamental issues in the industry and identifies strong growth opportunities.
Expert Insights You Will Not Want to Miss:
· The buildings and construction sector has been troubled with low productivity, slow adoption of technology innovation, issues with the labor market, and burdensome process and performance management. Lean construction with an emphasis on efficiency and productivity is key for industry transformation.
· Learn why digital transformation must be part of the corporate strategy.
· With the construction industry’s low productivity and R&D spending, the need for better performance management, proper planning and sufficient communication utilizing technological innovation are critical.