The construction industry had a challenging but positive year in 2021, and the growth of construction technology has been one of the bright spots. With the pandemic forcing faster adoption of technological tools, experts and investors are recognizing the sector’s increasing importance. The federal government is also providing an assist, with $100 million designated for contech in the recently signed infrastructure act.
“[Construction technology] is not a ‘want’ anymore. It’s a ‘need,'” said Matt Abeles, vice president of construction technology and innovation at Associated Builders and Contractors.
