The construction industry is on the verge of complete transformation. "Internet of Things" and specialized connected technologies have unlocked new workflows and processes for construction companies. Recent research has indicated that a vast majority (89%) of business leaders believe that digital transformation will completely change the construction industry in the near future.
Despite this, 62% of construction executives still say that the sector is lagging behind other industries when adopting digital solutions. This is a direct result of business leaders failing to maximize or understand the full value of their investments. Here are three challenges construction businesses face when they adopt new technology.
In this article, Tom Stemm – Founder/CEO of Ryvit – talks about the challenges that business leaders face when deploying connected technologies, and then pivots the discussion to focus on how predictive analytics can maximize the value of construction equipment.
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