06/10/2022
When you think of construction, do you think of technology? Not so much 🤔
Despite the construction industry being one of the largest sectors in the world, construction technology adoption is falling behind.
Prior to the pandemic, construction repeatedly ranked as one of the least digitized industries in the world.
According to the McKinsey Global Institute industry digitization index, the construction industry ranked second from last (21 of 22) in its list of digitized sectors. It came in just above agriculture and hunting in its levels of digitization across several categories, including digital spending, digitization of work, and business processes.
If technology is not used to improve the efficiency of projects, the industry will not be able to keep up with increasingly large and complex sites, strict project deadlines, and tight profit margins. The situation is complicated further when you factor in events that are out of the industries’ control (e.g. COVID-19, the war in Ukraine).
A high-volume, low-profit business needs to be scalable to remain competitive. It must also effectively utilise all its assets, from heavy machinery, to people.
AI-powered tools can automate processes and provide intelligent business insights; the Internet of Things allows different assets and people to be monitored and accounted for across a traditionally fragmented industry.
Complex and difficult-to-use platforms often emphasize this fragmentation. Construction workers, who are already tech-adverse, need to master multiple different software and tools to use the construction techniques presented to them.
That’s why we decided to create a platform to help digitally transform businesses with AI.
Find out more at: https://logimove.com/shop-aw/