2023 CIRT Index: Fourth Quarter
Understanding how top E&C executives view the outlook for construction and design can offer critical planning insights in 2024. Both the CIRT Sentiment and Design Indices fell in the fourth quarter, indicating top CEOs are tempering their outlooks for the near future.
The CIRT Sentiment Index fell slightly in the fourth quarter, with the biggest decline when it comes to the outlook for the U.S. economy. The Design Index dropped from the previous quarter as well.
This quarter we asked about the use of technology and found:
- 44% of respondents are currently using artificial intelligence or machine learning in their operations.
- The top three uses for these tools were contract/document review, design/BIM and information/accessibility.
- The top three software investments planned for the next three years are project management, design/modeling/BIM and enterprise resource planning.
Discover the full trends and insights heading into 2024.
