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Technology empowers businesses. Technology helps companies become more efficient, save money, and improve operations so they can focus on other, more strategic aspects of running a business. This is especially true in the construction industry, where technology is transforming how construction companies are planning and executing their projects. So, what new technology and software trends are making a mark in 2020? Let’s take a closer look at some notable ones below.

1. Companies are investing more in technology

The construction industry has always been notoriously slow when it came to adopting new technology. Most credit this to construction employees resistance to change. However, in recent years, it seems more businesses are investing more into tools and apps intended to streamline operations and processes. Last year alone, research showed that 82 percent of construction companies invested more in technology.

2. Use of construction management software (CMS) is steadily rising

Adoption of CMS is rising, with businesses seeking out very specific features they intend to specifically use the platform for. Functionality remains a primary consideration. Ease of use is considered a top priority, even above cost—which highlights the importance of simplicity and user experience when it comes to adoption of key construction technology.

3. IoT will come into play and see more application in the project lifecycle

The Internet of Things (IoT) emphasized how one aspect of construction worked in relation to another. The ability to integrate numerous devices and platforms, and gathering data collectively, meant construction teams could automate data collection from all facets of the project lifecycle—from employees and workers to equipment and tools. This year, we will likely see IoT become more relevant, especially in the job site, in an effort to improve overall operational efficiency.

4. Data will offer better insight into operations

Data-driven insight will become significantly more important in construction, especially when it comes to critical decision making. However, with the construction industry making a more concerted effort to gather meaningful data and information through technology, it only makes sense they will begin to focus on integrating the insight gathered into their planning and execution.

5. Technology will augment, but not replace human workers

There’s a longstanding belief that technology will replace humans in the future. 2019 actually paints a more realistic picture of what we can expect with further technological adoption. This year, as the construction industry sees better integration and adoption of numerous technology into their systems, they will understand that technology is meant to empower employees, not take away their jobs. Skilled labor shortage still remains a problem, and to that end, companies will look towards technology to find solutions on how to help their skilled workers and tradesmen to do their job easier, better, and with fewer resources. This includes turning to platforms like a CMS to improve training, collaboration, and build a more efficient workforce; or remove tedious tasks that can easily be automated in order to focus on more strategic and creative aspects of the job.

It’s clear that technology is prompting the construction industry to embrace innovation this upcoming year. If you want to take your next step towards digital transformation, find out what PASKR can do to help.