Economy

Crowe Survey Gathers Data on Technology Trends
Written by Tim Triplett
March 25, 2020
With so many people working from home lately, technology is becoming even more important in their professional lives. Analysts at Crowe LLP are studying the technology trends to help metals companies develop strategies to take advantage of the latest developments, and they could use your help.
The 2019 Crowe Technology Survey revealed that most companies in the metals industry are seeking to expand their use of digital technology. More than 63 percent of last year’s respondents said technology is very important to their (business) strategy over the next 3-5 years. Over 70 percent said that business intelligence and reporting are major challenges for their company. In order to stay current, many companies are looking to move applications from on-premise to cloud-based versions. Others are considering the implications of artificial intelligence and machine learning as a way to improve efficiency.
Crowe is gathering input again this year from those in the steel industry to help provide direction for technological development. Please click this link to take the Crowe Technology Survey and share your thoughts regarding the need for technology at your company.
As part of the 10th Annual SMU Steel Summit, Crowe will unveil this year’s results during a workshop on Monday, Aug. 24, at the Marriott Gateway Hotel, titled Technology Strategies: How Metals Companies are Making Digital Transformation at Reality. Your participation is much appreciated.

Tim Triplett
Read more from Tim TriplettLatest in Economy

US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.

Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.

President Trump intends to set additional steel tariffs
While boarding Airforce One on Friday, US President Donald Trump stated that he would be setting more steel tariffs and putting ~100% tariffs on semiconductors and chips.

Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.

Dodge Momentum Index surges in July
The Dodge Momentum Index (DMI) jumped 20.8% in July and is now up 27% year-to-date, according to the latest data released by Dodge Construction Network.