Does Your Budget Include Digital Transformation Technologies?

The digital transformation is changing the way the construction industry conducts its business. Which area of the digital transformation is expected to see the fastest growth? How will it impact your business? A new report attempts to shed some light on worldwide spending on digital transformation technologies for 2018.

IDC says the majority of spending on digital transformation technologies will go toward technologies that support new or expanded operating models, as organizations seek to make their operations more effective and responsive by leveraging digitally connected products and services, assets, people and trading partners.

The second largest area will be on technologies that support omni-experience innovations. This includes how businesses will transform communication between customers, partners, employees and things with each other. The research firm suggests the greatest amount of digital transformation spending in 2018 will be on: 

  • Connectivity services
  • IT services
  • Enterprise hardware
  • Applications

In the months ahead, data will also be one of the most important investment areas transforming digital. This is because organizations are looking to obtain and leverage information for competitive advantage through better decisions, improved operations and new products and services.

While these digital trends extend to many industries, the construction industry is one sector that could benefit greatly, as there are many partners across the project that need access to information to ensure a project runs as smoothly as possible.

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