The construction industry is slowly bouncing back after a hard couple of years. And although it’s one of the largest sectors of the U.S. economy ($1.589 trillion in revenue in 2021 and employing 7.5 million people), it still faces several ongoing challenges — including skilled labor shortages, supply chain, and material sourcing issues, rising inflation, and interest rates, and overall global instability, to name a few.
Despite these challenges, the demand for construction projects continues to grow. But costs are high, resources scarce, and delays are around every corner. To be profitable today, companies have to be resilient, agile, and efficient.
The good news is, innovations in digital construction and construction project management automation continue to evolve and become more accessible, even to an industry that is traditionally slow to adopt new technology and change. While always people-first focused, project services automation is one of the best ways to offset construction challenges and help companies adapt to the “new normal” in the industry.