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Digital disruption in the construction industry

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Technology is disrupting the construction industry in big ways. A recent Teletrac Navman benchmark report indicates construction companies around the world are heavily recruiting new talent despite listing payroll as their largest expense. On a global scale, more than $2.5 trillion a year is spent on improving infrastructure, a number that's expected to grow to $3.5 trillion within the next 10 years, according to a McKinsey Global Institute Analysis. In order to keep up with demand, companies are turning to mobile technologies, such as telematics, to improve efficiencies, reduce costs and attract new talent.

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