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Alt 05-19-2022, 12:17 PM
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Üyelik tarihi: Sep 2021
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Standart Investors discuss how labor shortage is shaking up the construction tech stack




Construction slot as an industry has evolved with civilization through the ages. But today, it's one of the few industries that has one foot firmly planted in the past, even as the other tries to step into the future. Construction's digital transformation journey is only just beginning, and the sector offers a ton of space for innovation.

To get a clear picture of where construction tech stands today, we spoke with five active investors in the space. And the overall consensus seems to be that the pandemic was a big boost to innovation as stakeholders realized the need to observe and direct work remotely.

“Due to the pandemic, many contech workers were unable to freely visit their job sites and realized they had less visibility than they’d like into what was happening onsite. For an industry that has historically been averse to tech,

feeling this pain point was a real catalyst for adoption. Across segments, we've seen field workers become more open to exploring digital platforms and to the ROI they can deliver to projects," said Nikitas Koutoupes, managing director at Insight Partners.
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