2015 Construction Technology Report Results Released at AGC IT Forum
By Rob MacManamy of BuiltWorlds
Prowling the stage like a cyber-panther flush with data, James Benham, aka JBKnowledge, ‘owned’ the final keynote slot last week at the 7th annual AGC-IT Forum conference in Chicago. The fact that no one ducked out early to catch an airport shuttle during his 90-minute, Friday afternoon talk was testament not only to its content, but also to its delivery, which mixed motivation, humor, statistics, and a measure “tough-love” realism.
Unveiling the results of his firm’s fourth annual Construction Technology Report, based on responses from more than 2,000 U.S. contractors, Benham told the crowd of 300-plus industry technologists (the event’s largest attendance to date) that he could hardly be more excited by the spectacular wave of new and emerging technologies flooding our industry. But he remains frustrated and bemused by what the survey results reveal about the nagging hesitancy of management to invest enough in tech.
“We are still underspending other industries by 75%,” he said. “Over 30% of companies surveyed said that their 2014 IT budget as a percentage of 2013 corporate revenue (not building volume) was less than 1%. More than 40% of our respondents said that they still have no IT department, even for accounting and payroll… Think about that. That’s like having a teenager do your books!”
Produced in partnership with the Construction Financial Management Association, Texas A&M University’s Construction Science Department, and HCSS Construction Software, the latest survey was based on just over 2,000 responses collected in June from construction professionals across the U.S. The results will be compiled, verified, and analyzed in a full report to be published this fall. (To request a copy of the 2015 Construction Technology Report once published and to download the 2014 report in the meantime, visit jbknowledge.com/report.)
- For the ConAppGuru’s wrap-up of the AGC-IT conference, itself, click here.
Overall, the results showed both surprising and expected statistics on technology adoption, budgeting and staffing at construction companies. For the second year in a row, the survey showed that the construction industry is still allocating, on average, less than…click here to continue reading.