About
Feedback
Login
NEWS
ORGANIZATIONS
PROJECTS
PRODUCTS
91 of 3,567
39% of Firm Leaders Expect That They Will Invest in New Technology This Year
Publisher:
Architect Magazine
Washington, DC, USA
Media, Architecture, Interior Design
Author: 
N/A
Date Published: 
2020-05-29
Keywords: 
Architecture, Business, Leadership, Investments, Technology, Survey
Tapestry Statistics:
ID: 
3668
Added: 
2020-05-30 04:13:43
Updated: 
2020-05-30 04:15:36
Content Score: 
3.55
Profile Views: 
30
Click Throughs: 
5
Image:
Jillian Paul
Excerpt:
Uncertain economic times are encouraing firms to invest in new IT.

In order to keep their firms competitive and able to benefit from new opportunities that arise this year, nearly 4 in 10 firms report that they will invest in new information technology and communication systems. Given the sharp economic downturn, 17% expect to reduce staff considerably, 14% plan to offer an expanded set of design or construction services, and 8% plan to diversify into new sectors or geographic areas.

Source: Survey of AIA’s Architecture Billings Index panelists (representative of firms and construction activity across the U.S.), April 1-9, 2020.



Organization Mentioned:
AIA | American Institute of Architects
Washington, DC, USA
Non-profit Association, Architecture