The top 5 trends impacting the architecture industry today

Submitted by Katy Tomasulo on Wed, 06/21/2023 - 22:21
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Whether you are looking to invest in an innovative solution, improve firm profitability, or revisit staffing needs, understanding current industry challenges and trends will help set your architecture firm up for success."]]],[1,"p",[[0,[],0,"Below are the five key trends shaping the industry, based on the latest responses from more than 580 architecture and engineering firms in "],[0,[0],1,"the 44th Annual Deltek Architecture \u0026 Engineering Industry Study"],[0,[],0,". "]]],[1,"h3",[[0,[1],1,"1. Automating manual tasks"]]],[1,"p",[[0,[],0,"Firms are looking to automate tasks and processes as they are faced with increased labor costs, staffing shortages, and inflationary pressures. To combat these challenges, firms are looking to bots and other automation tools to complete repetitive or manual tasks so their staff "]]],[1,"p",[[0,[],0,"can focus on more value-add efforts. "]]],[1,"h3",[[0,[1],1,"2. Better integration to increase visibility"]]],[1,"p",[[0,[],0,"Firms are stepping up integration efforts to provide connected data that can be viewed by all stakeholders in real-time. Integration connects all the tools companies use when operating their business to eliminate redundancy and foster the ability to see the business through a single pane of glass. The task to share data on a timely basis with multiple stakeholders is critical to business operations. "]]],[1,"h3",[[0,[1],1,"3. AI-driven intelligence for better decision-making"]]],[1,"p",[[0,[],0,"There are many benefits of using AI-based tools, which can initiate more informed decision-making through predictive analytics and generative intelligence. The use of AI can drive improved accuracy and productivity by allowing machines to identify trends and automate interactions that might be more easily missed by humans."]]],[1,"p",[[0,[],0,"AI can also be used for predictive intelligence. Let\u2019s say you are looking at a project or opportunity to pursue. You know what pursuits you\u0027ve won in the past and the attributes of those pursuits. Based on these attributes, predictive intelligence from AI can determine whether you are 80% likely to win this particular project or only 20% likely to win, which might drive the decision on whether or not it is worth the investment to pursue."]]],[1,"h3",[[0,[1],1,"4. Tools to improve business operations and better manage projects"]]],[1,"p",[[0,[],0,"Twenty five percent of Deltek Clarity survey respondents report that insufficient or poorly executed project management procedures are a top project management challenge, and is why many firms look to business tools to better manage their projects."]]],[1,"h3",[[0,[1],1,"5. Movement to the cloud to tackle cybersecurity challenges"]]],[1,"p",[[0,[],0,"Over the past 10 to 15 years, firms in the industry have been moving to cloud-based solutions. And while that trend has been in place for a while, it has amplified over the past few years for one key reason \u2014 cybersecurity. According to the latest Deltek Clarity Study, 18% of firms surveyed have experienced some sort of cyberattack, and 68% indicated that data and cybersecurity pose one of the top challenges for their IT operations."]]],[1,"p",[[0,[],0,"By prioritizing the right investments that align with key business goals, firms will be able to increase productivity, control costs, and increase employee satisfaction. In addition, smart investments in technology can yield far-reaching dividends that empower firms to be more competitive, profitable, and better protected against emerging cybersecurity threats. "]]],[1,"p",[[0,[2],0,"Learn more about Deltek and how our solutions support the Architecture industry "],[0,[3],1,"here"],[0,[],1,"."]]],[1,"p",[[0,[4],1,"AIA does not sponsor or endorse any enterprise, whether \npublic or private, operated for profit. Further, no AIA officer, \ndirector, committee member, or employee, or any of its component \norganizations in his or her official capacity, is permitted to approve, \nsponsor, endorse, or do anything that may be deemed or construed to be \nan approval, sponsorship, or endorsement of any material of construction\n or any method or manner of handling, using, distributing, or dealing in\n any material or product."]]]]}
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From automation and AI to addressing cybersecurity, Deltek’s latest study outlines the factors architects and engineers say are shaping their businesses.
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