Every three years AEM hosts CONEXPO-CON/AGG, North America's largest construction trade show - and this year, before the coronavirus lockdown, I had the opportunity to walk the 2.7 million square feet of exhibits, taking the pulse on technology in the construction industry.
Walking the expo floor, I was awed by the magnitude of this industry. I'd never stopped to consider the amount of behind the scenes work necessary to build and maintain the infrastructures we use daily. From ditch diggers, to hydraulics, to cranes and thousands of pieces of equipment in between - each piece of machinery is purpose built for large physical tasks.
One of the things that really stood out was hearing James Benham of JBKnowldge speak at the “Tech Experience” tent. He quoted one stat that I found truly shocking: Technology spend in construction is the lowest of any industry, with only 1% of top line revenue spent furthering technologies.
As I walked around the conference I kept finding myself thinking, “3 years from now this conference will be featuring a lot more software”.
More specifically here were my top observations and insights.
Scanning the exhibitor booths made it clear that there is still a massive opportunity for software to help those in construction do their jobs with more accuracy, safety and speed than ever before.
An initial investment into new technologies can easily pay for themselves in a year, or even a single job. Innovations such as remote and automated equipment operation can cut a week long project in half, minimizing cost and manpower by even more.
Throughout the expo there were certainly signs that the construction industry is beginning to take note of the benefits of technology. By the time the next CONEXPO-CON/AGG rolls around in 2023, the amount of software and technology being exhibited will have likely increased 100 fold.
If you are in the construction/agriculture/equipment industry now is the time to get ahead of the pack. At Yeti, we've helped companies in dozens of industries with digital transformations.
If you have a software project in mind, or a problem you think software could fix, we'd love to chat. Contact us.
We're exploring how you can utilize ChatGPT and AI to revolutionize your marketing strategies. Learn how to streamline content creation, boost email open rates, engage your audience, and much more - all while saving an incredible amount of time!
The recent wave of AI technology has had the Yeti team itching to experiment with the countless possibilities it presents - so we organized an AI hackathon that tasked teams with conceiving, designing, and developing an AI powered application… all within a single day. Take a look at what we built!
The Yeti team recently began leveraging with AI development tools, enabling us to streamline our processes, boost productivity, and unlock new levels of innovation - completely transforming the the way we build software products. Learn how you can utilize AI in your Development processes too.