Lack of digital transformation in construction is leading to inefficiencies and lost opportunities. Why is the industry so slow to adapt, and how can it change? Digital transformation in construction has lagged behind other sectors like retail and manufacturing. Despite clear benefits like improving productivity, reducing costs and enhancing safety, construction remains hesitant to embrace change. This reluctance has led to inefficiencies, lost opportunities and an inability to stay competitive. In this article, we explore why the industry is reluctant, the negative impacts and how a shift toward digital could secure a more efficient and innovative future. The challenges of digital transformation in construction Digital adoption is proven to drive significant improvements across industries. For example, McKinsey reports that the retail sector saw a 40% productivity boost due to digital initiatives, while manufacturing has achieved a 30% reduction in operational costs by adopting digital technologies like automation and real-time data analytics. In comparison, the construction industry has lagged far behind, with productivity growth remaining flat over the past two decades. To understand why construction lags behind in adopting digital technologies, it’s essential to consider the multiple challenges that stand in the way. The construction industry’s slow adoption of digital […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
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