Exploring Insights and Trends in the AECO Industry's Future
Insights from Newforma's Latest Research in the AECO Sector
Newforma, a prominent player in project management software tailored for the architecture, engineering, construction, and operations (AECO) sector, has released pivotal findings from its recent publication titled "The 2025 AECO Project & Information Management Survey." This comprehensive survey captured feedback from over 600 professionals engaged in design and construction, shedding light on critical industry dynamics and pain points.
The Need for Robust Data Solutions
The findings of the survey underscore the urgent need for architects, engineers, and contractors within the AECO community to adopt more effective data management solutions. Currently, organizations are confronted with several challenges, notably labor shortages and the spiraling complexity of project-related data.
Labor Shortages Impact Project Timelines
Issues such as workforce scarcity and the impending retirement of experienced workers have been identified as significant threats to stability within the AECO industry. According to Carl Veillette, Newforma's Chief Product Officer, a staggering 41% of project delays stem from labor shortages, further exacerbated by the limited talent pool available, which places immense stress on existing staff. The survey revealed that around 40% of respondents felt pressured due to this inadequacy.
Data Complexity and Management Challenges
Besides labor shortages, firms in the AECO sector are grappling with inadequate tools and resources, hampering their ability to effectively capture and utilize project information. Alarmingly, the survey found that while 70% of professionals still rely on conventional communication methods like email and messaging apps, only about 30% have adopted specialized industry software designed to streamline project information management. This gap indicates a critical need for enhanced tools in this evolving landscape.
Embracing Technological Solutions
Despite these challenges, the survey conveys a sense of optimism with regard to the role of technology in addressing industry volatility. A notable 26% of respondents are actively investing in technology aimed at managing increasing data complexity. Furthermore, an impressive 96% expressed intentions to leverage artificial intelligence tools to boost productivity.
Improving Efficiency Through Information Management
Veillette emphasized that while myriad challenges confront the industry, effective information management platforms could serve as a remedy, enabling greater efficiency and potentially offsetting labor shortages. Many surveyed firms recognize these obstacles and are eager to implement solutions that enhance productivity and minimize operational costs.
Survey Overview and Participation
Conducted during the early months of a recent year, the 2025 AECO Project & Information Management Survey included a diverse array of participants from small firms with fewer than 50 employees to large enterprises with over 500 employees. It represented a balanced mix of feedback from architectural firms, general contractors, and engineering firms, with insights gathered entirely through online surveys.
Accessing In-Depth Analysis and Insights
Industry professionals and media representatives are encouraged to delve into the complete findings of this survey for a more comprehensive understanding of the AECO landscape. Newforma has shared the full report, allowing stakeholders to glean valuable insights and analysis regarding ongoing trends and future strategies.
Join the Conversation
Moreover, Newforma invites leaders and stakeholders within the AECO field to participate in an upcoming virtual roundtable. This event will feature expert discussions centered on the survey's key takeaways and their implications for the industry's future. Engaging in such dialogues will facilitate the sharing of knowledge and strategies essential for navigating the complexities of the AECO sector.
About Newforma
As a leader in information management within the AECO industry, Newforma has dedicated the last two decades to empowering professionals. The company connects individuals with vital project information across more than 16.3 million projects worldwide. Their innovative solutions, which are available in both on-premises and cloud-hosted formats, enable clarity and effective collaboration. Trusted by over 4 million users and 1,500 firms, Newforma champions productivity and quality assurance in the construction domain.
Frequently Asked Questions
What is the main focus of Newforma's recent survey?
The survey centers on challenges and opportunities faced by professionals in the AECO industry, particularly regarding data management and labor shortages.
How many professionals participated in the survey?
Over 600 professionals from various sectors within the AECO industry contributed insights to the survey.
What are the primary challenges identified in the survey?
The key challenges include labor shortages, inadequate data management tools, and increasing data complexity.
What solutions does Newforma suggest to improve these challenges?
Newforma suggests adopting robust information management platforms and utilizing AI tools to enhance productivity.
How can people access the full report from the survey?
The complete findings are available for download on Newforma's website, providing detailed insights and analysis.
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