Digital transformation has been a key area of investment for businesses over the past decade and is expected to only continue. Even with the pandemic wreaking havoc on business spending worldwide, overall digital transformation spending was still forecasted to increase by 10% in 2020.
The construction industry has lagged behind other industries in this respect, being notoriously reliant on outdated technology and operating in deeply entrenched business silos. Despite this, there is still progress. The pandemic forced companies to innovate, and construction businesses that introduced safety and communication technologies are highly likely to keep them once the pandemic is over. It’s clear technology will continue to play a major role in transforming safety, communications and operations.