Nearly three fifths of respondents to recent poll of 800 small businesses operating in 17 sectors plan to invest this year in technologies that would improve their companies’ productivity.
Nearly half intend to invest in mobile technologies that could help them increase market share or cement customer relationships. And close to half of those polled say they’ll invest this year in cybersecurity tools to protect their data.
However, this poll—conducted by Kabbage (www.kabbage.com), a global financial services, technology, and data platform for small businesses—reveals less enthusiasm for tech spending among the construction small businesses.
The good news is that more than half of the 80 construction-related small businesses that responded to the poll plan to invest in technologies that would remove manual processes, reduce paperwork, or improve productivity. But fewer than two-fifths of construction companies that responded to the question about cybersecurity spending said they were “somewhat likely” or “definitely will invest.” Just over one third said they’d invest in mobile technology.
Only one third of construction busineses says they are willing to increase their ad spending by at least 20% on social media, compared to nearly half of all respondents.
None of the small businesses from any sector participating in this survey was too keen on spending for real-time analytics or big data solutions. Less than one-quarter—23.45%—of the construction companies were somewhat likely or definite about making such an investment this year. Only 28% of all respondents thought big data was worth in vesting in; in fact, marketing agencies and services was the only business sector where more than 40% of its respondents answered affirmatively to this question.
The survey also asked small businesses about their attitudes on economic conditions, and the construction respondents were among the most positive. More than 69% of construction companies somewhat or strongly agreed that the U.S. economy is headed in the right direction. That compares to 63.5% of the total survey’s respondents. Marketing agencies were the most buoyant about the economy (73.3%); law office and legal service small business the least optimistic (36.4%).
Seventy-seven percent of the construction companies expected their revenues to increase by more than 20% this year, compared to 73% of the total respondents. Insurance services, manufacturing, marketing agencies, and real estate companies expressed the highest confidence about revenue growth.
Related Stories
| Aug 11, 2010
Embassy's dual façades add security and beauty
The British government's new 46,285-sf embassy building in Warsaw, Poland's diplomatic quarter houses the ambassador's offices, the consulate, and visa services on three floors. The $20 million Modernist design by London-based Tony Fretton Architects features a double façade—an inner concrete super structure and an outer curtain wall.
| Aug 11, 2010
Cost of HVAC equipment to remain flat in 2009, says Turner
While some manufacturers have announced slight increases in facilities equipment pricing for 2009, the average cost of equipment is expected to remain flat in 2009, according to the 2009 Turner Logistics Equipment Cost Index. However, equipment pricing could face increased pressure if there is a further decline in market demand.
| Aug 11, 2010
Toronto mandates green roofs
The city of Toronto late last month passed a new green roof by-law that consists of a green roof construction standard and a mandatory requirement for green roofs on all classes of new buildings. The by-law requires up to 50% green roof coverage on multi-unit residential dwellings over six stories, schools, nonprofit housing, and commercial and industrial buildings.
| Aug 11, 2010
Robotic storage facility protects exotic automobiles, fine wines, artwork
Miller Construction Company, Fort Lauderdale, Fla., has completed construction on a high-tech robotic storage facility designed to store and protect valued possessions such as exotic automobiles, fine wines, artwork, and jewelry. Designed and built to resist Category 5 hurricanes, the RoboVault facility features automated storage retrieval, biometric recognition, private access with 24/7 securi...
| Aug 11, 2010
7 Tips for Installing Moisture Barriers
If you took a poll of building envelope and construction forensic experts, it's likely that moisture barriers would be high on the list of most poorly understood products used in wall assemblies. Besides deciding which type of barrier to use under various climate conditions, Building Teams must confront the nasty matter of how to install them correctly.
| Aug 11, 2010
8 Things You Should Know About Designing a Roof
Roofing industry expert Joseph Schwetz maintains that there is an important difference between what building codes require and what the construction insurance industry—notably mutual insurance firm Factory Mutual—demands—and that this difference can lead to problems in designing a roof.
| Aug 11, 2010
America's Greenest Hospital
Hospitals are energy gluttons. With 24/7/365 operating schedules and stringent requirements for air quality in ORs and other clinical areas, an acute-care hospital will gobble up about twice the energy per square foot of, say, a commercial office building. It is an achievement worth noting, therefore, when a major hospital achieves LEED Platinum status, especially when that hospital attains 14 ...
| Aug 11, 2010
Concrete Solutions
About five or six years ago, officials at the University of California at Berkeley came to the conclusion that they needed to build a proper home for the university's collection of 900,000 rare Chinese, Japanese, and Korean books and materials. East Asian studies is an important curriculum at Berkeley, with more than 70 scholars teaching some 200 courses devoted to the topic, and Berkeley's pro...
| Aug 11, 2010
Piano's 'Flying Carpet'
Italian architect Renzo Piano refers to his $294 million, 264,000-sf Modern Wing of the Art Institute of Chicago as a “temple of light.” That's all well and good, but how did Piano and the engineers from London-based Arup create an almost entirely naturally lit interior while still protecting the priceless works of art in the Institute's third-floor galleries from dangerous ultravio...
| Aug 11, 2010
Bronze Award: John G. Shedd Aquarium, Chicago, Ill.
To complete the $55 million renovation of the historic John G. Shedd Aquarium in the allotted 17-month schedule, the Building Team had to move fast to renovate and update exhibit and back-of-house maintenance spaces, expand the visitor group holding area, upgrade the mechanical systems, and construct a single-story steel structure on top of the existing oceanarium to accommodate staff office sp...
