In recent years, the construction industry has witnessed an influx of new technologies, including advancements in AI applications, robotics and automation, virtual and augmented reality, predictive analytics, and a surge to the cloud, creating a crowded technological landscape. Because of this rapid change, technical debt has become a critical concern. Read on to learn more about the impact of technical debt.
Forvis Mazars is a proud principal partner of the Construction Financial Management Association (CFMA). This resource first appeared in its magazine, CFMA Building Profits, and was posted on forvismazars.us with permission. Our professionals at Forvis Mazars are regular contributors to this publication.