Month: February 2023

A recent McKinsey & Company research shows that the construction industry is the least digitized of the major industries. Another McKinsey study found that once digitized, the industry can achieve productivity benefits of up to 15% and cost reductions of...

According to studies, more than USD $ 14.4 trillion will be generated by the worldwide construction industry by 2030. This is equivalent to an approximate compound annual growth rate (CAGR) of 7% from 2020 to 2025. Almost every facet of...

According to Dodge Data And Analytics, the pandemic caused a 9% dip in 2020 in the total projects started. But this was significantly less than the dip suffered by the construction industry in the mid and late 2000s, specifically 2008...

Construction projects counteract risks and challenges every day. These risks increase construction complexity, whether financial, design or technical, resulting in construction delays and cost overruns. As already said, construction activities are complex. But using the right project management software and...

The construction industry has recently started accelerating its construction technology adoption like construction management software to manage its daily tasks. This first step towards technological advancement is proving to be a step towards a journey of miles towards efficiency in...

Construction businesses are undoubtedly more risk-prone than any other business. And these risks have only increased with passing time. Construction is much more complex now, involves more variables, and the current workforce trend signals scant labor supply, etc., making risk...

Construction companies use a myriad of construction management software, hardware, cloud, on-premises, and proprietary systems to manage everyday activities. And these encompass all the departments of a construction firm- engineering and design, materials management, field management, document control, estimating, Cost Control, finance,...

Risk management forms a considerable part of any construction project planning and management. A construction project entails many associated risks like environmental, financial, socio-economic, and other construction-related risks. Practical risk management studies and deals with these risks. The construction industry is...

Software Advice found in a research that 52% of construction companies rely on conventional means and legacy systems to manage projects. Also, as many as 40% of firms are dissatisfied with their current IT solutions! This often leads to untraceability and...