Surfing Through the Challenges in the Construction Industry with Matt Verderamo

The construction industry has long been considered a vital contributor to a nation's economy. Moreover, this sector is crucial in driving growth and development globally in the current economic scenario.

Governments increasingly recognize the importance of infrastructure projects in promoting economic growth and investing heavily in this sector. Thus, the use of technology has boomed in the construction industry in the past few years.

To get more information about the technological advancements, the shift in diversity, and the importance of mental health of construction professionals.

Let Us Quickly Get To Our Expert’s Point Of View.

Question 1: How do you see the construction industry in the year 2023? Do you think this year will be a "digital year" for construction professionals?

Despite the fact the construction industry continues to face many of the same challenges it has for years - staffing problems, volatile interest rates, lack of productivity, and an aging workforce, to name a few - I see opportunity and change on the horizon in 2023.

Whether it's improved technology, AI, mental health, diversity, equity, inclusion, or safety, construction professionals are pushing for positive change. However, as this change gains momentum, we need to leverage better technology and new ways of doing things.

Question 2: The construction industry has undergone dynamic changes over the years. What do you consider the biggest challenge for this industry now?

41% of the construction workforce is expected to retire by 2031. So the biggest challenge for the industry is replacing all that knowledge and still being able to build quality buildings.

Question 3: What potential do you see in the latest construction technology trends? Are they capable of boosting the productivity of construction professionals?

If leveraged correctly, of course, technology will boost productivity. The potential comes from integrating programs and processes that normally require redundant data entry or manual labor (think submittals, invoicing, RFIs, takeoffs, and estimates).

Question 4: Where do you see the construction industry in the next five years? Please share your valuable insights with our readers.

More and more focus will go into the preconstruction process. Everything else - schedule, budget, and quality metrics - is downstream of preconstruction. Therefore, I see the construction industry becoming more strategic, with firms becoming better planners and more collaborative.

Get to Know Our Influencer

Question 5: In four words or less, what's your prediction about the transforming construction industry?

Better mental health.

Question 6: What's your success mantra?

1% Better Every Day.

More Details

Matt Verderamo is a man with a clear mission to help 100,000 AEC professionals achieve success in their careers while also maintaining a healthy work-life balance. In addition to his professional pursuits, he is a lover of yoga, meditation, traveling with his wife, hiking, snowboarding, and spending time with his dog.