2015 JBKnowledge CT Report Reviewed by Ledgerwood Associates, Inc.
“Every year, JBKnowledge releases its Annual Construction Technology Report. Founded in 2012, with 452 participating companies, the 2015 version has grown exponentially to include 2,044!
*Indented paragraphs (such as the following) are direct quotes from the report.
This year, the fourth annual Construction Technology Survey was conducted by JBKnowledge in conjunction with the Construction Financial Management Association (CFMA), the Texas A&M University Department of Construction Science and HCSS construction software. Between June 17, 2015, and July 8, 2015, the survey received over 2,000 responses.
We’re going to skip the surveyed companies demographics and IT budget and staff, etc., and jump to the construction software “nuggets.” It’s worth reviewing the entire report, however, download it here.
Good news: Sage still holds the market share here, and my favorite quote of the entire report is as amusing as it is accurate (our bolded text):
While only 5.2% of builders are still using spreadsheets or a manual process for accounting, anything over 0% is too many.Any accountant should be terrified of company financials stored in a static, non-encrypted spreadsheet.
The CTR (Construction Technology Report) stated that Estimating included a high amount of write-in software types, and also a 20% dependence on spreadsheets, again to JBKnowledge’s horror, “The only thing worse than company financials in a static, unencrypted spreadsheet are the quantities and costs of every estimated detail of your project.”