As the construction industry powers through the early stages of digital transformation, software companies are building new platforms, applications, and other technology tools to help with the transition. These digital platforms and software solutions are used to manage work orders, design processes, material inventory, equipment, productivity tracking, contracts, documents, and much more.

Why is the industry shifting to digital solutions? While there are multiple answers to this question, McKinsey & Company estimates that large construction projects run up to 80 percent over budget and 20 percent over time. Everyone involved in construction projects feels these pain points, from investors to program managers, and some are stepping up to take action.