![]() study found that bad construction data in 2020 may have caused $1.8 trillion in losses worldwide and may be responsible for 14% of avoidable rework, amounting to $88 billion in costs. Forty-four percent of installers claim that a lack of or disparate digital tools make it hard to tell whether their work is duplicative. Among construction workers, 45% say switching between different tools reduces their productivity. Half of installers claim that an inability to track work has resulted in mistakes, and many spend nearly an hour each workday looking for information in different applications. Sixty-one percent of installers say they make decisions with inaccurate data. Lack of technology adoption leads to several challenges, including the following:ĭata inaccuracy and job mistakes. Beyond that, 47% of construction and management executives say that their data collection and processes are manual. One study found that 90% of contractors don’t budget for innovation. It does not store any personal data.Despite this complexity, the building and construction industry has been slow to embrace technology and process innovation. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It allows the website owner to implement or change the website's content in real-time. This cookie is used by the website's WordPress theme. The cookie is used to store the user consent for the cookies in the category "Performance". ![]() This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". ![]() ![]() The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. ![]() Necessary cookies are absolutely essential for the website to function properly. General Contractors, Program and Construction Managers. ![]()
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