Technology Delivers Building
Blocks but Also Roadblocks
From reality capture and positioning systems to construction management and building
information modeling (BIM) solutions, digital technology touches nearly every corner of
the modern construction project. Understanding how, when and where to use technology is
crucial. Companies that get the equation right operate more efficiently and cost-effectively.
In a best-case scenario, they're able to achieve transformative results.
Business leaders recognize that digital technology plays an integral role in advancing
the enterprise.
This includes areas as diverse as estimating, document management, procurement, and
labor and equipment management.
Make no mistake, digital workflows that connect people, data and machines unlock
significant value for construction firms.
According to a 2022 study conducted by Trimble and Dodge Data & Analytics:
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85%
of firms that currently
have a low level of digital
adoption plan to invest in
digital workflows.
65%
that have a high level
of digital adoption plan
to continue investing
in technology.
The same Trimble-Dodge study found that:
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65% of businesses realize efficiency gains for internal processes.
62% improve decision-making.
Among larger companies, 65% see increased efficiency for multi-company processes, and
51% report an increased ability to predict and mitigate risk.
But that's where things get difficult. Simply adding technology to the mix doesn't necessarily
unlock maximum value. It's all about how a business uses various tools, technologies and
solutions together—and how they synergistically create advantages.
© 2023 Trimble Construction. All Rights Reserved.
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Dodge Data & Analytics and Trimble Construction, Connected Construction: The General Contractors' Perspective, 2022.
