DIADON ENTERPRISES – INDUSTRY OUTLOOK
From our Chief Operating Officer
Date: September 18, 2018
Technology tools are playing an increasingly important role in our business and our client’s business. We are focused on three of the biggest trends that are making our enterprises and our client’s enterprises more efficient. While national and global economies have been booming throughout this decade, so has the need for new and innovative technology in the construction industry. Technology trends have kept up with the rise in demand and we project the use of technology will continue to increase in both usage and adoption exponentially.
The global construction industry is expected to reach an estimated $10.5 trillion by 2023, and it is forecasted to grow at approximately 4.0% over the next five years. Diadon Enterprises is focused on accommodating and incorporating the following technologies in its strategic industry development plans during the same medium-term horizon:
1. Cloud & Mobile Technology
Virtually all mobile devices are capable of leveraging cloud technology and have the ability to operate cloud-based software from any location at any time. Adoption is growing exponentially and recognition of the advantages (primarily limitless amounts of data storage and secure access sharing) is becoming apparent to owners and managers of projects.
2. Connected Job Sites
Engineers, managers, surveyors, architects and construction workers are located in various places at different times. With cloud technology people and companies can connect with each other, regardless of location, in real-time.
3. Construction Management Software
While versions of management software have been in use historically in the construction business, the new generation of software has expanded into management of all functional areas of the construction business. Programs developed help manage operations, job costing, service management, project management, scheduling, budgeting, and payments.
Technology has always distinguished entities within the construction industry. Diadon Enterprises works to stay ahead of the technology development curve to hold its position as a leading service provider in the industry.
Robert N. Black, III, Esq.
Chief Operating Officer