Building with Connectivity: How Small and Midsize Construction Organizations Are Taking Work to the Next Level
The construction industry is moving rapidly from analog and paper to digital and automation, where AR/VR, drones, robotics, predictive analytics, and cloud-based technologies are becoming increasingly prevalent on job sites. Transformation is especially evident amid small and medium-sized businesses (SMBs) in the construction industry, and it starts with connectivity. This document examines the digital opportunities for construction SMBs as they seek to build their businesses. It is the first in a four-part series exploring how construction SMBs can use digital technologies to build stronger businesses.In fact, medium-sized construction businesses, defined in this document as those with 500–999 employees, said they plan to dedicate 34% of their total technology budgets in 2021 and 2022 to digital transformation (DX), according to IDC’s 2021 Digital Transformation Executive Sentiment Survey. In addition, 55% plan to increase their spending on digital transformation in 2021 and 2022.