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Infographics: The Future of Technology in the Engineering & Construction Industry

February 05, 2018
By Freddy Donovan
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Infographics: The Future of Technology in the Engineering & Construction Industry

The construction industry is booming again. In the US, the construction industry has always been a reliable sector, adding in average 635 USD billions every year to the US GDP during the past 12 years. That number was 649 USD billions in 2016, more that the retail trade industry (621 USD billion) or the arts and entairtainment sector (592 USD billion).

Related: Five Technology Trends to Follow in 2018

However, the engineering and construction industry has not yet fully embraced the digital revolution. Employees still rely on paper, inventory is counted manually, and teams on the field are isolated from the office. The Boston Consulting Group recently performed an amazing study on the impact that technology could have in the E&C industry and the results are unbelieveable. For example, technology could help reduce the cost of commercial buildings by 10% to 15% overall and reduce operation costs by 14% to 23%. We put the most important numbers in the infographic below, don't hesitate to share it!

Technology in Construction v2-01-2.png

 

About Author

Simon supports Marketing Operations at ABIS, Inc. We are making businesses smarter by automating their processes to gain productivity, increase margins and generate more profits.

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