Breaking Ground: Solving Construction’s Delayed Payments With Digital Tools

Payment inefficiencies in the construction industry drive up costs and contribute to labor shortages. New innovations can help construction businesses focus on what they do best.

NEW YORK CITY, NY, February 18, 2025 — The construction industry is grappling with a severe skilled labor shortage, with nearly 20% of workers aged 55 or older and a growing deficit of tradespeople. Traditional training methods are falling short, affecting recruitment, retention, and profitability. A Wakefield Research study found that 89% of executives worry their training programs are ineffective, and 72% cite high turnover as a top challenge.

Young man in electrical apprenticeship uses BILT interactive instructions to train for a new job

To modernize workforce development, companies are turning to digital solutions. BILT Intelligent Instructions provides interactive 3D and XR training, helping companies like Siemens and ASSA ABLOY engage the next generation of workers. By delivering hands-on, step-by-step guidance via mobile devices and Apple Vision Pro, BILT equips technicians with the tools they need to succeed in a rapidly evolving industry.

Read the full article on PYMNTS: https://www.pymnts.com/tracker_posts/breaking-ground-solving-constructions-delayed-payments-with-digital-tools/

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