In the next 10 years, Boston Consulting Group estimates annual global cost savings will reach up to $1.2 trillion for nonresidential projects alone.
Engineering and construction companies increasingly find themselves navigating an era of disruptive and transformative change driven by technology. And with the industry going strong and construction employment recently reaching a 10-year high, more companies recognize that it is time to embrace the efficiencies digital transformation brings, in large part to protect or enhance their competitive position.
A report from the Global Industry Council notes that modern technology is moving to the strategic center of E&C business models as part of an evolutionary process.
Reprinted courtesy of Rob Phillpot, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.
