Welcome to the
2024 AEC Inspire Report

Lucas Hayden
Senior Director
AEC Strategy
Akshay Mahajan
Executive Vice President
AEC
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WHO’S IN THE REPORT

By business size

Respondents represent an even spread across small and midsize businesses (SMBs) and large enterprises.

 

By industry

Almost 80% of respondents indicated their primary industry was either construction or engineering. Some multidisciplinary respondents indicated that their organization derived revenue from more than one industry (e.g., multidisciplinary).

40%
Construction
38%
Engineering
20%
Architecture

What's Inside

  • General industry forecast: mostly sunny, with a few clouds
  • Tech ascendancy: the new blueprint of success
  • Data Expertise
  • Infrastructure and Tools
  • Integration Practices
  • Al Maturity
  • Charting business health through tracking and forecasting
  • Business Development
  • Project Management
  • Finance & Accounting

AEC Inspire by the Numbers

  • 1 in 3
    firms think AI will POSITIVELY impact CONTENT GENERATION, DATA ANALYSIS, OPERATIONAL EFFICIENCY and FORECASTING
  • 95%
    of firms MAKE USE of their data to some degree. 60% of firms use data regularly to drive strategy and decision-making.
  • 12%
    of firms have a win rate over 76%, but this number is expected to double next year.
  • 17%
    of firms reported a profit rate of 21% OR GREATER. Next year, this number is expected to go up to 39%.
  • Navigating the Talent Cliff in a Challenging Industry

    Learn more
  • Innovating Today to Advance Tomorrow

    Learn more
  • Intelligence Reborn: From BI Insight to AI Foresight

    Learn more

Forecast for the Industry

The AEC industry is marked with a prevailing sense of positivity, with many respondents expressing confidence in the current business environment, especially larger and more tech-advanced firms. However, this optimism is slightly tempered by broader economic concerns and perennial challenges with technology and staffing. There is a growing collective concern about unpredictable disruptions, such as supply chain issues and natural disasters, which have become more prominent.

This shift in perspective underscores the importance of technology and forward-thinking strategies for resilience in the industry. Whether this promising outlook translates into reality will largely depend on how well firms can leverage their data and align their tech with the needs of tomorrow.

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Where are you in your Tech Journey?

Tech-Emerging

  • Data limited
  • AI curious
  • Traditional Infrastructure
  • Basic or manual tech tools
  • Siloed systems

Tech-Progressing

  • Data proficient
  • AI adopted
  • Hybrid Infrastructure
  • Enhanced tech stack
  • Partially or mostly integrated

Tech-Advanced

  • Data optimized
  • AI Mature
  • Cloud dominant infrastructure
  • Comprehensive tech
  • Fully integrated system

Compare Findings to Past Reports

2024

2023

Pre-2022

Share the Insights

Interested in leveraging insights and findings from this report in your work? Get in touch today.

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