Unlike banking, finance and other market segments, the construction industry has struggled to take advantage of information technology in a significant way. Overall, the industry's level of investment in construction and project management-related IT has been modest, slow, and fragmented. Recent trends suggest this situation is changing. In the next decade, IT will take the form of fully integrated and intelligent enterprise systems that profoundly change the shape of the industry. However, companies that seek to take advantage of these sophisticated tools need to be aware of their potential pitfalls, as well as their immense competitive benefits.
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