The Construction Business Owner team traveled to Chattanooga, Tennessee, this week for the 2016 Construction Financial Management Association (CFMA) Southeastern Construction Regional Conference. The conference was held April 28-29 in downtown Chattanooga. Check out what Managing Editor Elizabeth Manning was up to during the trip!
1. Companies should be aware of the threat of internal fraud and embezzlement and work to mitigate risks.
"The biggest threat to #datasecurity is sitting between the chair and the keyboard." @dexterchaney's Wayne Newitts on #cloudsecurity @CFMA
— Elizabeth Manning (@EManningCBO) April 29, 2016
2. Drones, augmented reality, wearables and virtual reality are all gaining momentum within the industry.
@JamesMBenham talks emerging #technology trends in #construction at @CFMA's SE regional conference #JBTechTalk pic.twitter.com/XKU83DzrMn
— Elizabeth Manning (@EManningCBO) April 29, 2016
3. Leaders need to be more proactive in preventing and monitoring potential fraud within their company.
The fourth most common way of finding out fraud is by accident. - from a session on #fraud sponsored by @BKD_CRE at the @CFMA SE conference
— Elizabeth Manning (@EManningCBO) April 28, 2016
4. The construction industry is not investing in technology as quickly as other industries.
"Construction is still under-spending other industries in IT by 75%" - @JamesMBenham @JBKnowledge #2015ConstructionTechReport #JBTechTalk
— Elizabeth Manning (@EManningCBO) April 29, 2016
5. There are many things to consider when creating a mobile workforce.
@dexterchaney's Wayne Newitts discusses steps to creating a #mobileworkforce: @CFMA SE conference pic.twitter.com/4GcpcDXeDz
— Elizabeth Manning (@EManningCBO) April 29, 2016
For more information on CFMA and its various events, visit CFMA. To get industry news and featured business management content, follow us on Twitter: @CBOMagazine, @KathyWellsCBO and @EManningCBO.
