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Tech maturity is in its adolescence for the construction sector

Construction executives recognize the value of technology — but the industry still has a way to go to realize tech’s full potential. A survey of 308 industry executives conducted this spring shows there is still a gap between aspiration and execution.

Construction firms are investing in cybersecurity, AI, cloud platforms and green building tech — yet many also report that their teams are challenged to fully utilize existing systems.

In our survey, 80% of executives said they’d experienced one or more data breaches in the past year, and a majority of respondents also named cybersecurity as the top priority for tech investment. However, with cybercriminals ever evolving, it will take time for intention and investment to close the vulnerability gap.

Of the construction executives we surveyed, we learned:

• Cybersecurity is both a top concern and a top priority. Eight in 10 executives said they’d experienced a data breach last year, and nearly half had three or more, while 73% of all respondents plan to invest in cybersecurity tools in the coming year.
• While 82% of respondents claim to have an AI strategy, most are relying on consumer-grade tools for routine tasks rather than integrating AI into business workflows.
• Data analytics adoption is still in its adolescence, with larger firms farther along in their journey.
• Larger firms take a more standardized approach to technology use-case evaluation, but even the biggest players are not fully strategic. Only 11% of executives at firms with revenues less than $50M said their application selections followed a strategic roadmap with data-driven insights, compared to 35% of execs at the highest-revenue firms.

For a deeper dive, download the full report by completing the form on the right.