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  "notes": "Uses a McKinsey Industry Digitization Index chart to visually position construction as one of the least digitized industries.",
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      "text": "potential to add $1.6T of global GDP annually from productivity gains",
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      "text": "annual growth rate in construction labor productivity over the past two decades, less than half the cross-industry average of 2.8%",
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      "text": "the cost of rework spent globally in 2018 of which 52% was caused by poor data / miscommunication",
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      "text": "Sources: McKinsey Global Institute, Reinventing Construction (2017), McKinsey Global Institute, Imagining Construction's Digital Future (2016), Gartner, Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2019-2025, 1Q21 Update, March 2021 (Used to obtain total IT spend across all industries), FMI Industry Report: Construction Disconnected (2018). The total cost of rework globally in 2018 was $538B.",
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      "text": "... but Inefficient and in the Early Stages of Digitization",
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