Will economic uncertainty leave construction tech in limbo?

Setting the strategy

But ups and downs are inherent to the economic cycle, said Jason Pelkey, Gilbane Building Co.’s CIO, and it shouldn’t come as a surprise that growth is gearing down after the industry’s extended period of expansion. Ideally, a long-term IT strategy accounts for this and looks more like a straight line that cuts through the volatility.

“If you play the spike game where you fund technology only during the good times and you cut it way back during the recession times, it creates a spiraling effect,” he told Construction Dive.

Contractors’ best bet, then, Pelkey said, is to maintain a “deliberate and judicious” focus on funding tools that can improve productivity across the enterprise and expand into different areas. Read full article here.