{"id":2911,"date":"2022-07-12T06:00:00","date_gmt":"2022-07-12T13:00:00","guid":{"rendered":"https:\/\/www.projectp.com\/ppblog\/?p=2911"},"modified":"2022-11-17T13:40:01","modified_gmt":"2022-11-17T21:40:01","slug":"the-doge-perspective-industry-trends-session","status":"publish","type":"post","link":"https:\/\/www.projectp.com\/ppblog\/2022\/07\/12\/the-doge-perspective-industry-trends-session\/","title":{"rendered":"The Dodge Perspective: Industry Trends Session"},"content":{"rendered":"\n

ENR Future Tech Conference 2022 – The Dodge Perspective: Industry Trends Session<\/em><\/p>\n\n\n\n

The Dodge Perspective<\/a> was a great session from the ENR FutureTech conference, packed with construction industry trends from Dodge Data & Analytics (formerly McGraw-Hill Construction). Steve Jones shared detailed information across all construction sectors and regions. Bottom line: expect a strong rebound in the second quarter. But there are also opportunities for improvement in leveraging technology. The dollar value of projects in planning is on the rise, and opportunities for improvement exist. <\/p>\n\n\n\n

Economic Outlook for Construction<\/h2>\n\n\n\n

Construction spending for residential, commercial, and infrastructure is on the rise. Of particular note is that warehouse construction spending is \u2018breaking records’. No surprise that Amazon is by far the largest warehouse builder of the past three years, with $10 billion in construction from 2019-2022 (*). There is projected growth in all building construction except hotels and office construction, which has a ‘mixed’ outlook. <\/p>\n\n\n\n

Projections expect growth in non-building construction for highways, bridges, and environmental, but a decrease for power & gas plant construction. <\/p>\n\n\n\n

Projections indicate that the total construction starts for 2022 will exceed $1 TRILLION for the first time – EVER! <\/p><\/blockquote><\/figure>\n\n\n\n

(*) Amazon (Ivan Panushev, Principal Partner Solutions Architect for Engineering, Construction & Real Estate, Amazon Web Services (AWS) and Microsoft (Salla Eckhardt, Dir. of Digital Building Lifecycle and Innovation) presented their experience with building construction technologies in a separate session of ‘Digital Twins Grow Up.’ <\/p>\n\n\n\n

Dodge Technology Usage Research Results <\/h2>\n\n\n\n

Dodge surveyed over 934 construction-related companies to determine how these companies are using ‘digital workflows’ and the impact of using these technologies. <\/p>\n\n\n\n

Level of engagement with technology: <\/p>\n\n\n\n

Level of Engagement<\/td>Description<\/td>% of Respondents<\/td><\/tr>
Very High<\/td>Use a single, connected construction management solution for most processes.<\/td>22%<\/td><\/tr>
High<\/td>Use a mix of separate software solutions from a variety of vendors bur have created interactions that help them work together. <\/td>32%<\/td><\/tr>
Medium<\/td>Use a mix of disconnected software solutions from various vendors for accounting, operations, field, PM, HR, etc.<\/td>31%<\/td><\/tr>
Low or None<\/td>Either all manual processes or mostly manual processes.<\/td>15%<\/td><\/tr><\/tbody><\/table>
The Dodge Perspective: Industry Trend ENR Conference Survey Results<\/figcaption><\/figure>\n\n\n\n

The session provided additional insights about the benefits of using these technologies, but the bottom line is that there are tangible benefits to either High or Very High use of entirely, or at least partially, integrated technologies. Notably, of the Owners surveyed, 69% indicate that they either Frequently or Very Frequently specify that contractors use ‘digital communications and practices.’ Further, according to the survey, companies who use digital workflows experience: <\/p>\n\n\n\n