Procore: Construction firms must adopt new technology to increase profitability

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Procore: Construction firms must adopt new technology to increase profitability
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“Something that was seen as an upcoming and rising trend is how construction companies use data and information to form better business.' theSun theSundaily construction technology LOCALNEWS

: Adopting new technology is crucial for the construction industry players to help them increase productivity and profitability, according to the global provider of construction management platform Procore Technologies Inc.

“Something that was seen as an upcoming and rising trend is how construction companies use data and information to form better business. Tan noted that construction companies have the potential to collect various types of data, and companies that can leverage the data will gain a strong competitive advantage over their competitors.

According to Procore’s recent “How We Build Now 2023 – Technology and Industry Trends Connecting Southeast Asia Construction in 2023” report, construction professionals unanimously agreed that better data management could benefit their businesses.

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