Small Business Technology Gap in Construction and Manufacturing

Small Business Technology Gap in Construction and Manufacturing

forbes.com

Small Business Technology Gap in Construction and Manufacturing

A Goldman Sachs survey found that 42% of small businesses lack the resources to implement AI, creating a technology gap that hinders their competitiveness in construction and manufacturing, impacting infrastructure development and supply chains.

English
United States
EconomyTechnologyAiPolicyEconomic InequalityManufacturingSmall BusinessConstructionDigitalizationTechnology Gap
Goldman Sachs 10000 Small Businesses VoicesBipartisan Policy CenterSba
James M. Gordon
What is the primary impact of the technology gap on small businesses in construction and manufacturing?
A Goldman Sachs survey reveals that 42% of small businesses lack the resources for AI implementation, hindering their participation in the digital transformation of construction and manufacturing. This digital divide prevents them from utilizing tools like 5D modeling and AI-based scheduling, which larger firms use to improve efficiency and reduce project timelines.
How do digital requirements for certifications and project management affect small businesses' ability to win contracts?
The inability of small businesses to access and utilize digital tools creates a significant technology gap, impacting their ability to compete for contracts and participate in large-scale projects. Larger firms increasingly require digital documentation, traceability, and specific certifications, excluding smaller businesses that lack digital systems.
What policy solutions could effectively bridge the technology gap and ensure the participation of small businesses in future infrastructure and manufacturing projects?
Failure to address the small business technology gap risks hindering infrastructure development, manufacturing output, and clean energy initiatives. Policy interventions, such as providing access to digital tools, training, and grants, are needed to ensure the inclusion of small businesses in future projects and maintain a robust and diverse supply chain.

Cognitive Concepts

3/5

Framing Bias

The article frames the narrative to highlight the disadvantages faced by small businesses, emphasizing their lack of access to technology and the resulting competitive disadvantage. While acknowledging the advantages enjoyed by larger firms, it doesn't offer a balanced perspective of both sides.

2/5

Language Bias

The article uses emotionally charged language such as "locked out," "very real barrier," and "weakening our supply chains," to evoke a sense of urgency and concern. While effective for grabbing attention, these phrases could be replaced with more neutral terms like "limited access," "significant challenge," and "posing a risk to."

3/5

Bias by Omission

The article focuses heavily on the challenges faced by small businesses in adopting new technologies but doesn't explore potential solutions offered by tech companies themselves, such as tailored software solutions or affordable training programs. It also omits discussion of potential government regulations that might hinder small business adoption of new technologies.

3/5

False Dichotomy

The article presents a false dichotomy by framing the issue as a simple choice between 'big business' adopting technology and 'small businesses' being left behind. It ignores the potential for collaboration and partnerships between large and small firms.

Sustainable Development Goals

Reduced Inequality Negative
Direct Relevance

The article highlights a growing technology gap between large and small businesses in construction and manufacturing. Large firms utilize advanced digital tools, leading to increased efficiency and competitiveness, while small businesses lack access to these resources, hindering their growth and perpetuating economic inequality.