In this episode, Justin and Will explore how advanced technology is crucial for scaling modern construction companies. They discuss the importance of investing in tech to attract new talent and the necessity of categorizing technology expenses into five key areas: software, communications, audio/video, computer equipment, and cybersecurity. This strategic approach helps in making informed decisions for business growth and managing risks effectively. A vital listen for understanding technology's impact in the AEC industry.

Will's LinkedIn: https://www.linkedin.com/in/willforet/

Justin's LinkedIn: https://www.linkedin.com/in/justneagle/

Website: https://www.spotmigration.com

LinkedIn: https://www.linkedin.com/company/spot-migration

Facebook: https://www.facebook.com/spotmigration

Youtube: https://www.youtube.com/c/Spotmigration

(0:00) Introduction and mission of the podcast

(1:30) Role of technology in AEC industry and top-level construction companies

(6:18) Understanding technology spend and importance of cybersecurity in AEC industry

(14:31) Leveraging younger talent and technology for business efficiency

(19:21) Justifying the cost of cybersecurity and consequences of neglect in construction businesses

(25:27) Importance of business continuity and research in construction businesses

(30:41) Long-term benefits and considerations of investing in technology

(40:32) Understanding the cost implications of delaying technology investments & concept of 'soft cost loss'

(46:19) The impact of technology on field operations and cost inefficiencies

(48:29) Closing remarks, reflections, and invitation to listeners and potential guests