JBKnowledge, Inc.’s 2015 Construction Technology Report: Coming Soon
It’s that time of the year again! JBKnowledge, Inc.’s annual Construction Technology Report will soon be released with the latest insights on what technology solutions and strategies builders are currently using. JBKnowledge began conducting the annual technology survey in 2012. In three short years, our survey has grown from 452 responses to over 2,000, giving us the most relevant data on how well construction companies are implementing technology within their businesses. With help from our partners, the Construction Financial Management Association (CFMA), Texas A&M University’s world-renowned Construction Science Department, and HCSS Construction Software, every year we are able to publish the industry’s leading resource on technology research.
The 2015 #ConstructionTechReport will reveal key findings on IT budgeting, cloud security, mobile technology, software integration and emerging technologies at construction companies. Keep reading for a glimpse into those findings.
Through conducting the survey, we learned that the majority of construction professionals do not know what their company’s IT budget is, and those who did stated their budget was less than 1% of total company revenue. This number is significantly lower than cross-industry averages estimated to be between 3% and 5%.
Surprisingly, results from the report also show that 20% of companies surveyed do not know if their company has cloud security policies and procedures in place. For those who do, the most widely used method for securing data is employee training. In today’s modern world, most data is stored in the cloud, whether through software, email, or mobile apps. So why is it that the construction industry is not enforcing security policies for that cloud data?
Every year the Construction Technology Report verifies the top twenty construction apps that are being used by survey participants. For the second year in a row, Autodesk came in as a top mobile application provider with its AutoCad 360®, BIM 360™Field and BIM 360™ Glue making the top five. As for mobile capabilities in current software, most survey participants were likely to use a construction mobile app for field data collection and project management, while project scheduling and pre-qualification mobile apps are few and far between.
Remarkably, 63.5% of construction professionals surveyed said they do not know if their software providers offer integrations. This question prompted many comments about providers claiming integration capabilities or how they are “working on it” but progress remains to be seen. 9.7% of participants responded saying the only software they use that integrate do so through the Construction Open Standards Alliance (COSA).
The “Software in Use” section of the report opened our eyes to some topics that will require further review. For example, 47.9% of construction professionals do not use building information modeling (BIM) software. Additionally, spreadsheets are still heavily used today, despite the overwhelming amount of technology solutions available to replace the manual data entry of spreadsheets. This might be due to the fact that DropBox and Sharepoint have become the top file storage and collaboration tools according to those surveyed.
Emerging technologies is a favorite section of our JBK Labs team, and this year’s survey results gave us valuable insight on where construction technology research and development is headed. 20.7% of builders surveyed are experimenting with drones, which are still relatively new to the industry. Notably, on a scale from 1 – 10, 10 being the most comfortable, the majority of those surveyed said they are at least an 8 on the comfortability scale with trying out new technology. This high number should be encouraging for technology entrants and innovators to the industry.
These stats are just a glimpse of the insights the 2015 CT Report provides into current and emerging technologies in the construction industry. Click the link below to submit your information and be notified once the full report is published this fall!
Click here to receive the 2015 #ConstructionTechReport as soon as it is released, and, in the meantime, get access to the 2014 CT Report.