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DIGITALIZATION. Smaller construction firms are finding it hard to keep up with their larger counterparts in terms of transformation towards digitalization. However, Procore Vice President of Asia Bruce Wells said this is not unique to the construction industry alone, citing the need for the government and the private sector to educate smaller firms on the best practices to aid them in their digital transformation journey. (Photo by Joann S. Villanueva) MANILA - Digitalization has paved the way for people to have faster and more efficient processes but smaller companies are facing some challenges in keeping up with technology, according to a report. A construction industry benchmark report released Thursday by Procore Technologies Inc., a global provider of construction management software, showed that 98 percent of the 259 Philippine-based firms that joined the survey across several countries in the Asia Pacific last February expressed optimism on the outlook for the construction indus

Asia pacificProcore technologies incProcore vice presidentAsia bruce wellsDigitalization smaller construction firms are finding it hard to keep up with their larger counterparts in terms of transformation towards howeverRocore vice president of asia bruce wells said this is not unique to the construction industry aloneIting the need for government and private sector to educate smaller firms on best practices aid them in their digital transformation journey photo by joanns villanueva manila digitalization has paved way people have faster more efficient processes but companies are facing some challenges keeping up with technologyCcording toa reporta construction industry benchmark report released thursday by procore technologies incA global provider of construction management softwareHowed that 98 percent of the 259 philippine based firms joined survey across several countries in asia pacific last february expressed optimism on outlook for construction industry conditions next 12 months it said digital transformation isa quot big catalyst to growth but smaller are finding hard easily adapt these changes results showed 26 respondents have also their businesses already being first and 56 they well way journey indicated around 65 from philippines increased investments 24 howeverHe challenges to the digitalization bid include changing established behaviors4 percent overcoming concerns around data security3 percent and costs involving how to transfer processes digitallyNadequate software solutionsNd lack of support from technology providers and vendors ina press briefingRocore vice president of asia bruce wells attributed the challenges in shift to digitalization construction industry technologies being built by tech people and not those who are really involved company he said digital transformation is simply investment technology but quot committed doing this properly it 39s an opportunity change way you 39 re things