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Tech Investment in Construction Doubles in Past Decade

June 13, 2018

Via: ENR

The level of investment in construction technology in the past year and the number of players involved have been “transformational,” said José Luis Blanco Álvarez, a partner at the global management consulting firm McKinsey & Co. Blanco led off three days of industry professionals asking hard questions about the latest technology by presenting soon-to-be-published research on trends at the 2018 ENR FutureTech conference.

Comparing data collected from 1,000 firms a year ago with data from 2,400 firms today, McKinsey’s research shows the trend toward connected tools is supported by accelerating investment in construction technology, the pace of which doubled in the last five years relative to the pace of investment between 2008 and 2012.

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