According to PwC’s 2016 report on digitization in construction and engineering, firms have now moved from talking about digitization to fully embracing it. 69% of firms expect a high level of digitization industry-wide in the next five years and plan to invest 5% of their revenue annually on digital solutions.
The combined outcome of digitization and industry expansion is a massive opportunity for those who embrace and prioritize technology - and a devastating risk for those who don’t.
“In an increasingly cost-competitive market, no engineering and construction company can afford to lose out in operational efficiency against their market peers. The next two to three years will be crucial for companies looking to catch up.”
- “Digitization is important, but not urgent”
- “The field won’t like it”
- “It won’t integrate with our systems”
- “Using an in-house solution is better than buying software off-the-shelf”
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4 REASONS WHY CONSTRUCTION FIRMS DON’T DIGITIZE.