Construction continues to lag other industries in technology adoption, but whether it was Covid-19 or other influences, integration within the equipment department continues to grow. Organizations that use construction equipment in their businesses are discovering the value of machine data not only for asset management, but also for overall organizational efficiency and financial performance.
See "Technology Integration Advances in Construction" for a complete analysis of the survey.
An organization’s fleet of construction equipment is its largest financial asset, and its performance directly affects bottom line profitability and project efficiency. As equipment managers become more adept at using data to make sound decisions, upper management is recognizing the value it adds to cost development, estimating accuracy, and site performance.
Construction Equipment published its first Technology in Construction report in 2017. This year, we have partnered with Topcon Positioning Group to shed light on current trends in technology both in equipment management and construction as an industry. We invited a select group of the Construction Equipment audience to complete an online questionnaire; 68 responded.