Construction technology is an evolving ecosystem. On this episode of the Built With Billd podcast, Billd’s Director of Business Development Robbie Reynolds explores the growth of construction tech in the past, present, and the future alongside Procore’s Nate Tockerman (Partner Manager) and Kris Lengieza (Sr Director of Global Partnerships & Alliances). In an industry that has long been slow to adapt to technological advances, construction has begun to embrace new technology for project management, financing, job site safety, and so much more.
As we discover in the podcast, construction technology is improving very quickly. As Robbie, Nate, and Kris discuss, this is because the construction industry was not an early adopter to tech. This slow early adoption was not for lack of need; rather, the slim margins in construction stood as a barrier to investment in technology for small and mid-sized construction companies.
But as time has gone on, these same companies have begun to realize that – by utilizing technology in the right way – they can increase their margins, get ahead of their competition, and ultimately grow their business.
“ For a long time, the industry has underspent and under-invested in technology. If you’re willing to focus your time and your energy on implementing it, the opportunity for you as a first mover is huge.” – Robbie Reynolds, Director of Business Development, Billd