COR2335. Key Trends Transforming the Global Construction Industry

The construction industry is undergoing dramatic changes. The economy remains uncertain while rising costs and shortages of both labor and materials increase project risk. Major funding is flowing into infrastructure, however, formerly robust markets such as office construction are notably softening. Throughout all of this, the industry continues its digital transformation, with a growing use of established software solutions and a host of emerging technologies such as AI and machine learning rapidly gaining traction. How are these factors impacting contractors and real estate owners and how are they responding? Steve Jones, Senior Director of Industry Insights Research for Dodge Data & Analytics will share his perspective based on Dodge's research into the construction economy and key technology trends.

Learning Objectives:

• Identify the economic forecast for the coming year
• Recall what construction companies are doing to advance their digital transformation so you can assess the progress of your company/clients
• Identify the growing role of owners in establishing contractual requirements for digital processes and deliverables which may directly impact the technology stack in your company/clients