Construction Firms Accelerate Tech Investments Amid Rising Cybersecurity Threats
Event summary
- 70% of construction firms reported at least one cybersecurity incident in the past year.
- 54% plan to upgrade or replace project management technology within the next 12-24 months.
- 68% have centralized technology standards or governance processes in place.
- 58% increased investments in cybersecurity technologies over the past year.
The big picture
Construction firms are shifting from treating technology as overhead to viewing it as a core strategic asset. This shift is driven by rising cybersecurity threats and the need for operational efficiency in an industry with tight margins. Larger firms are leading the charge, but the trend appears to be spreading across the sector.
What we're watching
- Cybersecurity Prioritization
- How construction firms will balance cybersecurity investments with other technology priorities.
- Technology Integration
- The pace at which firms adopt centralized technology standards across different sizes and specialties.
- Operational Efficiency
- Whether increased technology investments will translate into measurable cost reductions and streamlined operations.
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