Procore: Trends to watch in 2022 

As the year draws to a close, the construction industry is looking ahead to the challenges and opportunities the new year will bring. According to Procore, a leading provider of construction management software, here are some trends to watch in 2022: 

Commentary from Jas Saraw, Vice President - Canada, Procore:
2021 saw many challenges and changes in the construction industry – from supply chain and margin pressures through to the ongoing pressure to do more with less. We’re also continuing to see the push toward digitalization gathering pace, with an increased number of contractors operationalizing and moving toward making digital business a priority. 

As this trend continues, we are going to see progress in two key areas. One is organizations placing emphasis on reducing the friction of data entry through easy-to-use software and visual capture technology. The second, and aligned to this, is a focus on the quality of data. We all know the more data you have coming in and the higher quality that data is, the better your business decision-making is going to be. This will become ever more important as construction businesses are asked to bring new data initiatives onstream, such as whole lifecycle carbon analysis and RFID. Additionally, as we see older construction professionals retiring and others moving on, data management is key. A knowledge economy can help more traditional industries develop and manage systematic approaches to work that lessen the impact of rapid turnover.

A recent research study shows that Canada’s construction industry is starting to see real signs of digital transformation. As this transformation unfolds, roles in the industry will change. What won’t change is the need for a ‘single source of truth’ that connects all stakeholders — from site to office, from exec to information management to project team level, and between owner, main contractor, and subcontractor. A platform approach that prioritizes a common user interface and connecting stakeholders, processes and their data is the clear route toward achieving this.

The industry has really just broken ground with technology and the years ahead will be transformative in terms of new technologies like artificial intelligence, data science, and predictive analytics, all intertwined with the very human process of building.