Technology and Project Management

The Real Estate and Construction industry continues to struggle with project efficiency. Due to the lack of skilled specialists, last year there was a shortage of manpower and technical gaps in United States and Canada. This had a huge impact in the industry especially as the United States rebuilds the devastation of storms in Texas and Florida and the fires that ravaged northern California.

Due to the large amount of drawings, change requests, materials and more, the back office in construction seems to be a huge mess of project management systems. This unreliable approache makes it almost impossible to get an overview of projects and expenses. It's not surprising that the construction industry suffers from low levels of productivity since the late 50's.

Digital innovations are accelerating rapidly, which unfortunately creates a technical gap in the industry. Implementation of the project has become more complicated due to the complexity of contracts, regulations and the increasing need for specialized expertise.

New technology innovations allows builders to do more of building and planning and spend less time pushing papers across job sites and offices. Leading construction companies take advantage of cloud capabilities, mobile tools, data, analytics to collect the right information when they need it. Builders should embrace better, tech-driven opportunities to collaborate across teams to increase productivity level and unlock new opportunities.

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