{"id":11409,"date":"2023-01-11T21:18:49","date_gmt":"2023-01-12T05:18:49","guid":{"rendered":"https:\/\/essential.construction\/news\/contech-trends-to-watch-in-the-new-year\/"},"modified":"2023-01-11T21:18:50","modified_gmt":"2023-01-12T05:18:50","slug":"contech-trends-to-watch-in-the-new-year","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/contech-trends-to-watch-in-the-new-year\/","title":{"rendered":"Contech trends to watch in the new year"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p><span><span><span><span><span><span>2022 was a year of consistent turmoil and only one thing was certain \u2014 that the future is unpredictable at best, chaotic at worst. From the war in Ukraine, which gnarled supply chains, to skyrocketing inflation and the ever-present labor shortage, contractors have had their work cut out for them keeping their businesses afloat.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>This is where contech comes in. Technology will be a key driver of progress and efficiency in 2023, and experts believe that the benefits are too useful to ignore in such tumultuous times. But, it\u2019s important that contractors utilize technology with intention.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cCompanies must have the right strategy and motivations when approaching technology,\u201d said Matt Abeles, the vice president of technology and innovation at Associated Builders and Contractors. \u201cInnovation should add to the value proposition of a business, so thorough research is key in finding the tools that add value to your business.\u201d\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Going into 2023, here are areas where tech will help contractors work smarter, harder and more safely.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Labor challenges<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>Experts agree that one of the largest problems facing the construction industry is a severe lack of skilled workers. <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/construction-hiring-abc-half-billion-workers-behind-demand\/619269\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>Over half a million workers are needed<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> and the shortage is prompting a myriad of problems. Contractors face issues such as the lack of an employee pipeline, delays due to the labor gap and the new reality of <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/turner-labor-shortage-prompts-contractors-construction-selective-jobs\/633781\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>being selective with projects<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> they take on.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cYou can have great project management management skills, but if you simply don&#8217;t have the capacity to take on the project, then you&#8217;re not going to be able to deliver it on time,\u201d said Mallorie Brodie, CEO and co-founder of workforce management firm Bridgit.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"image-right inside_story\">\n<div class=\"figure_content\">\n<div><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Mallorie Brodie<\/p>\n<p>Courtesy of Bridgit<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>But, that\u2019s where tech can make a difference, say experts.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Aside from apps that manage employees and schedule workflows, experts also say that <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/rise-of-the-machines-for-construction-not-yet\/625052\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>robots may become a boon to the workforce<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>. That solution, while further out, is a field that can\u2019t, and shouldn\u2019t, be ignored through the coming year.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/hensel-phelps-employs-autonomous-robot-dog-at-denver-airport-project\/578342\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>Robots like Spot<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, created by Boston Dynamics, along with other specialized machines that take care of difficult tasks like mapping and drywall, are already in use on the jobsite, and more is possible as time goes on.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Infrastructure work<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>The $1.2 trillion Infrastructure Investment and Jobs Act has opened a lot of doors for the construction industry, including an incentive for the industry to adopt more tech-enabled solutions. <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span>The <\/span><\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/infrastructure-technology-funding\/604766\/\" target=\"_blank\"><span><span><span><span><span><span><span><span><span>legislation includes $100 million<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span><span> to encourage adoption of advanced construction management technologies.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Most contractors also see <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/technology-will-be-key-for-contractors-on-iija-jobs-say-experts\/618741\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>software as the big stepping stone<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> they\u2019ll need to cross as they prepare to take on these jobs.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cAt the end of the day, this likely means producing more projects in less time for less cost, in which case, [technology] can help deliver much more of this IIJA plan,\u201d said Matt Blake, director of VDC and BIM at Cheshire, Connecticut-based Lane Construction, in an <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/technology-will-be-key-for-contractors-on-iija-jobs-say-experts\/618741\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>interview with Construction Dive<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Cybersecurity prep<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>Russia\u2019s invasion of Ukraine last year highlighted an issue that contractors need to keep an eye on \u2014 their digital security.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Even before the war, contractors were known to be <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/russian-invasion-ukraine-construction-cyberattack-threats\/619631\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>among the most targeted<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> businesses for cyberattacks. But in 2022, construction was the top sector for ransomware attacks, according to a report from encryption software firm NordLocker, which analyzed 1,200 companies across 35 industries.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cSmall- and medium-sized enterprises, which contractors often fall into that realm, are among the most targeted organizations, and often that is because they\u2019re especially vulnerable to cybersecurity attacks,\u201d Raymond Monteith, senior vice president with HUB International Limited\u2019s risk services division, told Construction Dive.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The attacks themselves are simple, with ransomware and business email breaches at the top of the list, Monteith said.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>These kinds of threats are only growing more worrisome as contractors continue to adopt programs like BIM, which come with <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/builders-face-security-privacy-compliance-risks-bim-takes-off\/632945\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>their own inherent security risks<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper hide-small show-large\" id=\"desktop-carousel\"\/>\n<p><span><span><span><span><span><span>To avoid issues the British <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.ncsc.gov.uk\/files\/Construction_Guidance_English_Web_Version.pdf\" target=\"_blank\"><span><span><span><span><span><span><span><span>National Cyber Security Center<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> recommends that contractors avoid common passwords, enable two-factor authentication and be careful about the information they share on social media.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Fintech<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>In 2023, contractors will also benefit from tech-focused financial systems that can help with everything from payroll and accounting to billing and invoices.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Software and other tech-focused tools can even alleviate one of the most flagrant and disruptive issues for contractors \u2014 late payments, which <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/late-payments-cost-construction-industry-208b-in-2022-report\/636224\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>cost contractors $208 billion in 2022<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The issue has led to a <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/contractors-turn-to-payment-apps-to-speed-billing\/622673\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>flood of new providers<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> plying solutions for all stages of the process, from material procurement to subcontractor payment.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cOne of the biggest problems in construction is cash flow. That&#8217;s been true for the last decade, and it&#8217;s going to continue to be true in 2023,\u201d said Maria Rioumine, the CEO of material procurement platform Kojo.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The issue has even grabbed the attention of bigger, more established firms. In November, Carpinteria, California-based Procore <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/procore-expands-offerings-list-payments-analytics\/636467\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>announced a payment service<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> through a partnership with Goldman Sachs Transaction Banking.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Big data<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>2023 could be the year that more p<\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>ros see the benefits of leveraging and sharing the data they collect every day. From machine telematics and supply chain management to staff location tracking and payroll, the data can come together to help solve bigger problems, experts say.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>For construction companies willing to gain fluency in the language of data intelligence, leveraging the vast amount of info that\u2019s already in their systems promises unheralded gains in efficiency, productivity, product quality and jobsite safety.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper show-small hide-large\" id=\"mobile-carousel\"\/>\n<p><span><span><span><span><span><span>\u201cWe see contractors of all sizes using data to be safer and more profitable and to win more work,\u201d ABC\u2019s Abeles <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/construction-getting-smarter-data-intelligence\/636625\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>told Construction Dive<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>. \u201cData intelligence allows contractors to make decisions by using real insights that maximize potential for growth and improvement.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"image-right inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" data-imagemodel=\"-1\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/Matt_Abeles_headshot.jpg\" alt=\"-\"><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Matt Abeles<\/p>\n<p>Courtesy of ABC<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>Big data can help contractors not only keep track of what\u2019s going on in the present, but look back to figure out what went wrong on past projects \u2014 and how they can do better going forward.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cHow did that project go? You know, are there ways that we can improve that in the future? Are there certain projects that we simply don&#8217;t have the capability to take on?\u201d said Bridgit\u2019s Brodie. \u201cThese are all questions that contractors have been asking, but if they don&#8217;t have the data available to answer those questions, there&#8217;s not a lot that can be done.\u201d\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That data, once elusive, is now attainable.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cThe data is starting to be available through a combination of solutions,\u201d Brodie said.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/contech-trends-to-watch-in-the-new-year-2023\/640094\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2022 was a year of consistent turmoil and only one thing was certain \u2014 that the future is unpredictable at &#8230; <a title=\"Contech trends to watch in the new year\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/contech-trends-to-watch-in-the-new-year\/\" aria-label=\"Read more about Contech trends to watch in the new year\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":11410,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-11409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/11409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=11409"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/11409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/11410"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=11409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=11409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=11409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}