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Technology Trends in 2017 that Will Transform the Way You Work

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Will your company’s productivity out work the labor shortage? Are legacy systems finally on their last gasp? Will AEC move fully into the cloud? Those are some of the questions that may be answered when new technologies and trends enter the mainstream in 2017. 

One thing is certain, as we move towards these trends, our industry will be one step closer to turning the construction trailer and the jobsite into a more automated and smooth factory floor.

The only thing that is constant is change. 

Market research firm, Gartner, predicts that companies worldwide will spend $3.5 trillion on IT in 2017 and software spending will grow 7.2%. 

This means that there are billions of dollars at stake for rising tech trends. And the technology that emerged within this past year is ready to take off and become mainstream in 2017.  

Procore’s EVP of Marketing and Enterprise Strategy, Bassem Hamdy, thinks adapting your business in today’s constantly evolving world can be invigorating instead of exhausting. He says, “There’s a tendency to overlook construction and how mainstream tech trends affect construction in general.” 

So, we’ve analyzed Forrester’s tech trends on the meta level. Including 10 imperatives centered around advancing technology for turning company inefficiencies into a competitive advantage in 2017. 

Here’s what’s on the horizon…

1. Smart, connected products will transform client relationships.

In 2016, 80% of Procore’s client base was selected for a project because of the technology stack that was presented during the bidding process. 

Powerful new data available to companies, together with the offerings of smart, connected products, is restructuring the traditional functions of businesses—sometimes radically. As this transformation spreads, smart, connected products are creating savvier owners. It is also changing the nature of competition. With the right strategy, your company can capitalize on these new opportunities to capture real economic value. 

2017 Winning Play: Look at your technology from the perspective of your client. Then ask yourself, “How can I add value to my clients by integrating a new software package?”

2. “Systems of insight” will replace big data. 

“Businesses are drowning in data, but starving for insights. Worse, they have no systematic way to consistently turn data into action. This can't continue.” – Forrester

The importance of big data in the business world can’t be overstated. We know that there’s a dizzying amount of valuable data in the world, but few companies are using it to maximum effect. Don't just collect the data. Feed the data to the people who need it so that they can make the right decision at the right time. Pulling actionable insights from your data is paramount to making the right decisions. But locating the insights isn’t an easy feat. This is where an integrated software platform does the heavy lifting.

2017 Winning Play: Audit the reports you use to run your business, evaluate if they are valuable to everyone.

3. APIs help firms react to and drive digital disruption.

In 2017, the disruptive business model of true open APIs will positively affect the industry and users by altering our expectations of productivity.

New tools and technologies need more than one avenue for viability—otherwise, their value quickly drops. APIs are a secret weapon for embracing true digital transformation. As companies seek to tie together more best-of-breed technologies, APIs will play a big part in making this possible. On the user side, instead of being forced to marry a platform, the API will open doors for multiple platforms to tie together in an ecosystem that is fast and flexible. It’s a win-win for both software companies in AEC and users.

2017 Winning Play: Find the vendor in your technology toolbox that believes in an open environment and has off-the-shelf integrations. 

4. Hyperconnected hyperadopters will flex their buying power.

According to the World Economic Forum, by 2020 there will be 50 billion networked devices worldwide. That means that hyperconnectivity is exponentially increasing the digital interconnection of people and things, anytime, anywhere. 

In 2017, these “hyperconnected hyperadopters” will elevate the importance of customer insights and agile investment planning practices of companies. Every organization has tech leaders who push the boundaries of their available tech stacks. They purchase point solutions and look to solve problems they have. Quickly. 

So in building construction brands in today’s age, organizations must focus on creating the best possible experience for users. The user experience must be consistent across all channels, whether online or offline. 

2017 Winning Play: Keep the passion but find a way to structure the innovation in your company. 

 5. Digital Convergence Will Erode Boundaries. 

“We need to empower not just hyper adopters but everyone.” – Bassem Hamdy, EVP of Marketing and Enterprise Strategy at Procore  

The convergence of what the consumer world and business world can offer is currently at a tipping point. In 2017, we can go over the edge by providing easy to use technologies for clients and employees. The key to retaining talent and clients will be to give them the option to subsidize a Bring Your Own Device program, allowing them to have the same ease-of-use on their work devices as they receive at home. 

2017 Winning Play: Treat the construction team as your customer.

Ultimately, construction is primed for growth in 2017. We are entering into the new year without the fear of an economic downturn, and our industry is preparing for a potential boost to higher infrastructure spending. With the labor shortage looming over our heads, we need to focus on ways to make our existing workforce more efficient. The key to sparking productivity on the jobsite and in the trailer is to adopt these 10 tech trends in 2017. 

To read more on Forrester’s predictions for 2017 technology trends, read their full 2017 Predictions: Dynamic That Will Shape the Future In The Age of the Customer

Will your company’s productivity out work the labor shortage? Are legacy systems finally on their last gasp? Will AEC move fully into the cloud? Those are some of the questions that may be answered when new technologies and trends enter the mainstream in 2017.

One thing is certain, as we move towards these trends, our industry will be one step closer to turning the construction trailer and the jobsite into a more automated and smooth factory floor.

Click here to download the rest of our free eBook and dive into these competition-busting tech trends.

If you liked this article, here are a few more you might enjoy…

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