2023 Construction Outlook: Cautiously Optimistic

Happy New Year! We hope 2023 is off to a great start for all of you. A recent survey of contractors found that overall, the industry is optimistic about the year ahead, especially when it comes to public sector funded projects. The past few years have of course brought challenges new and old including a qualified worker shortage, an increase in the cost of materials, and supply chain issues, but the industry is resilient, always forging ahead to get the job done.

As we look ahead, it’s important to also take a moment to look back at where we’ve been. Some of you may be customers who are very familiar with what we do, but for those of you who are new here: welcome. Here’s a little background on how we got here. SoftwareONE is proud to be the global distribution and service delivery partner for the MTWO construction cloud platform through our partnership with RIB Software and Schneider Electric -- our first venture into the construction space.

While SoftwareONE may be new to the construction market, we have decades of experience as a global technology provider and our consultants are highly experienced industry professionals. With more than 8,200 employees and sales and service delivery capabilities in 90 countries, we provide around 65,000 customers with software and cloud solutions from over 7,500 publishers. We deliver on a global scale with a local touch; meaning our people are where it matters most – by our customers’ sides.

We strive to make things simple for our customers. That is reflected in everything we do and in how we operate. Instead of hiring a traditional sales team we have assembled an A-team of consultants with deep industry roots who understand the ins and outs of efficiently managing construction projects and how technology can play a pivotal role. We’re excited to serve as your trusted technology partner in the coming year and beyond.

Construction has historically been slower to adopt new technologies but in recent years we have seen an explosion of point solutions that aim to address specific issues. However, point solutions often lack integration, leaving construction businesses with disparate systems that don’t talk to each other. This leads to double (or triple or more!) data entry and creates data silos, opening businesses up to more costly errors and increased risk.

When data is siloed in separate systems, a lot of time is wasted transferring this data between the different systems. This lack of digitalization hinders not only the efficiency of individual team members, but it can slow down an entire project. This is one of the key reasons that productivity in the AEC space has remained stagnant even though technology adoption has increased.

It’s clear that point solutions don’t have the power to support a company’s growth, so MTWO was created as a sustainable long-term solution to address construction technology needs. Whether a contractor or a project owner, bringing together all aspects of your project planning and implementation into one platform is your key to success. MTWO is a future-ready construction enterprise cloud software platform that helps you:

• Manage all projects from end-to-end with 5D BIM.
• Connect all stakeholders so they can collaborate at each phase of the process anytime, anywhere, and through any device.
• Make effective decisions by providing aggregated real-time intelligent data.
• Build faster, smarter, and better and enables enterprises to be more efficient, sustainable, and successful.

Previous technologies have provided incremental gains, but MTWO has the potential to be a game changer. It’s connected data can deliver time and cost savings at every stage of the project lifecycle, transforming the way projects are delivered.

In a complex environment, we strive to make things easier for you. We empower AEC firms and owners to digitally transform their businesses while winning purposeful work, improving project predictability, balancing risk, and reducing their environmental impact.

At SoftwareONE, our customers always come first. We provide AEC firms and owners a world-class service based on quality and speed. Our people are performance-driven and empowered to deliver results for our customers.

As the needs of the industry change and grow, so do we. We never stand still when searching for the best solutions and services to help you build better, faster, and smarter. Here’s to a prosperous 2023!