Construction Digitization: Understanding the Impact on Profitability

Construction Digitization: Understanding the Impact on Profitability
Studies show that if construction companies invest in digitization while also continuing to embrace new materials and advanced automation, they could see a 50-60 percent increase in their overall productivity
May 24, 2021
Adobe Stock/kosssmosss
For one of the global economy’s largest sectors, the construction industry has a mulish productivity problem. While labor productivity across all industries has jumped 2.8 percent over the past two decades, the construction industry has only seen a one percent productivity increase over the same time period, according to
Reinventing Construction: A route to higher productivity, a McKinsey Global Institute (MGI) report.

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