How Is Cloud Storage Revolutionizing the AEC Industry?

The Architecture, Engineering, and Construction (AEC) industry is currently undergoing a significant digital transformation, with cloud storage emerging as a key driver of change. The latest data insights indicate that AEC firms have markedly increased their data storage capacity, reporting an annual compounded growth rate of 50.3%. This has seen their storage requirements leap from 3.34 terabytes in 2018 to a whopping 25.64 terabytes in 2023. Triggered by the pandemic’s push toward remote working and continued thereafter for its myriad benefits, cloud storage technology has enabled AEC companies to seamlessly manage vast amounts of data, enhancing productivity and facilitating global collaboration.

In particular, the construction sector within the AEC industry has set a precedent for active collaboration via cloud technologies, with a 29-fold increase in cross-team coordination. This leap in data exchange and shared project management underscores the vast potential cloud storage has unlocked for complex, multi-stakeholder projects. Nonetheless, this surge comes with its challenges, as 60% of recurring IT issues are traced back to construction, likely reflecting the broad stakeholder spectrum and governance protocols in need of refinement.

Cybersecurity and the Future of Cloud in AEC

Egnyte’s analysis of over 4,000 companies underscores the critical demand for secure and efficient cloud solutions in AEC firms, necessitated by the upsurge in cybersecurity threats. As Ronen Vengosh of Egnyte reveals, the industry’s lean towards digital tools is a trend with no signs of abating, solidifying the cloud’s role in AEC’s future.

The advent of cloud technologies marks a pivotal turn in AEC, crucial not just for data management but for cybersecurity and compliance. The digital era compels AEC companies to embrace virtualized resources, a move that isn’t just about staying competitive but also about meeting evolving standards. The intertwining of efficiency and security highlights a major industry shift, asserting their equal importance in the push for AEC innovation. This change mirrors a wider tendency to integrate operational effectiveness with stringent security as integral components of modern architectural, engineering, and construction sectors.

Explore more

How Will ICP’s Solana Integration Transform DeFi and Web3?

The collaboration between the Internet Computer Protocol (ICP) and Solana is poised to redefine the landscape of decentralized finance (DeFi) and Web3. Announced by the DFINITY Foundation, this integration marks a pivotal step in advancing cross-chain interoperability. It follows the footsteps of previous successful integrations with Bitcoin and Ethereum, setting new standards in transactional speed, security, and user experience. Through

Certificial Launches Innovative Vendor Management Program

In an era where real-time data is paramount, Certificial has unveiled its groundbreaking Vendor Management Partner Program. This initiative seeks to transform the cumbersome and often error-prone process of insurance data sharing and verification. As a leader in the Certificate of Insurance (COI) arena, Certificial’s Smart COI Network™ has become a pivotal tool for industries relying on timely insurance verification.

Wix and ActiveCampaign Team Up to Boost Business Engagement

In an era where businesses are seeking efficient digital solutions, the partnership between Wix and ActiveCampaign marks a pivotal moment for enhancing customer engagement. As online commerce evolves, enterprises require robust tools to manage interactions across diverse geographical locations. This alliance combines Wix’s industry-leading website creation and management capabilities with ActiveCampaign’s sophisticated marketing automation platform, promising a comprehensive solution to

Top Cryptocurrencies to Watch in June 2025 for Smart Investments

Cryptocurrencies continue to reshape financial markets and offer intriguing investment opportunities for those astute enough to navigate this rapidly evolving sector. Each month, the crypto landscape introduces new contenders and reinforces existing favorites that demonstrate potential through unique value propositions and market traction. Understanding the intricacies behind these developments is crucial for investors deliberating their next move in the digital

How Are Rising Jobless Claims Impacting US Labor Market?

The recent uptick in jobless claims in the United States signifies a shift in the labor market landscape, drawing attention to underlying economic challenges and uncertainties. While the initial weekly claims for state unemployment benefits have decreased, this decline comes against the backdrop of a persistently high number of unemployed individuals. This paradoxical situation suggests a labor market grappling with