As the industry faces ongoing challenges such as labor shortages and low project margins, companies are adopting digital technologies like AI to automate and optimize their operations and cloud-based solutions to simplify fragmented IT systems. To add predictable, recurring revenue streams, businesses are starting to offer operations and maintenance services.
All these changes are driven by the need for construction and engineering companies to make their business more sustainable in the long term.
Download our eBook to gain practical advice for making 2024 the year of change for your business.
Get your copy now to explore these trends in more detail:
- 30% of companies will deploy AI and Automation within the next 3 years.
- Companies will have >30% of their revenue coming from operational and maintenance services within 4 years.
- 90% of companies will simplify their business system landscape with cloud-based technology in the next 5 years.
