The construction industry is moving rapidly from analog and paper to digital and automation, where AR/VR, drones, robotics, predictive analytics, and cloud-based technologies are becoming increasingly prevalent on job sites. Transformation is especially evident amid small and medium-sized businesses (SMBs) in the construction industry.
In fact, medium-sized construction businesses, defined in this document as those with 500–999 employees, said they plan to dedicate 34% of their total technology budgets in 2021 and 2022 to digital transformation (DX), according to IDC's 2021 Digital Transformation Executive Sentiment Survey. In addition, 55% plan to increase their spending on digital transformation in 2021 and 2022.
