Page 17 - Report- Procure 2020 FMi INDUSTRY

2020 FMI INDUSTRY REPORT

Across industries, businesses are
leveraging technology to break new
ground, increase efficiency, and
delight customers.

But while construction firms have been
using basic business software for decades,
the industry has been on the low end of the
technology adoption curve.

Finally, things are starting to change. As
investors continue to fund construction
technology at a record pace, we have seen an
explosion of construction-specific software—
and a sharp uptick in technology adoption.

To compete in today’s market, respondents
report implementing a wide range of advanced
software solutions. But in the scramble to build
up their tech stacks, many firms are struggling
to assess the value—and leverage the full
potential—of their technology investments.

“Ten years ago, there was some

technological advancement, but over
the past five years, it’s been exploding.

It’s taken the construction industry a

while to embrace that change.”

VICE PRESIDENT
GENERAL CONTRACTOR, COMMERCIAL CONSTRUCTION IN THE MIDWEST U.S.A.
SPECIALIZING IN COMMERCIAL AND INSTITUTIONAL CONSTRUCTION

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