Sage Advice US

Contractors increase IT investment

When it comes to technology in the construction industry, I’m all over it. For more than 25 years, I’ve watched both information technology and construction firms evolve (much like how those 20+ pound “portable” computers have morphed into today’s handheld smart devices).  So each year, I look forward to our annual IT survey of construction professionals to understand what contractors are now up to in all things IT.

This year’s survey was conducted in collaboration with the AGC of America and received more than 1,500 responses. The day I received the results, I couldn’t help but notice one particular new trend.  Typically I’ve come to expect low numbers when it comes to IT investment. In fact, the construction industry spends the least percent of revenue on IT than other major industries, according to Gartner’s 2014 IT key metrics data. This year, however, 42% of construction firms indicated that they are spending 1 percent or more of revenue on IT, a 10% increase over past years.  Even more telling is that 41% said that they will further increase their IT spend in the coming year.

The survey also delved into how contractors handle the IT part of their businesses—from strategic planning to top uses for mobile technology. To learn more about the results, check out this new infographic.

Sage Technology Survey infographic