According to McKinsey & Company, the construction industry tends to adopt technology at a slow pace. This is a consequence of economic cycles and high risk in the industry, which limit capex for innovation. Construction is the world’s largest industry, accounting for 13% of global GDP. However, it has only grown 1% annually for the past two decades, and earnings before interest and taxes (EBIT) are only 5%.
from New York Engineers Blog https://ift.tt/38maN0l
