Myth Busters Series: Technology Adoption is Stagnant

Is construction a technology laggard? Are digital twins only for equipment? Is the worker of tomorrow lazy? We are currently in the middle of a blog series looking at some of the most common assumptions in the construction industry today and we are identifying if they are fact or fiction—if they are truth or myth. Today’s assumption: Is technology adoption stagnant?

We all know the economy has been a rollercoaster the past few months. It usually is during an election cycle. Geopolitical tensions, worker and material shortages, an uptick in natural weather events, and other factors have led to much uncertainty around the world. But there is one thing we can say for certain: technology adoption is in fact not stagnant.

Let’s look at a few numbers to back this up. Every fall, Gartner forecasts worldwide IT spending for the year ahead. Its most recent prediction suggests ...