Technology Lag
Thirty years of technology language in 10-K filings

Construction adopts late. Now there is a number.

The folk claim says construction is the last industry to pick up any technology. This measures it: for ~20 technologies and seven industries, the first fiscal year each technology sustainably entered 10-K disclosure, FY1996–2025, and how many years construction trailed the leading industry.

median construction lag behind the leading industry
technologies that never reached 5% of construction 10-Ks
10-K filings scanned, FY1996–2025
registrants across seven industries

When each technology entered each industry's disclosure

A dot per industry at its first sustained entry (5% of filings, 3 firms, held two consecutive years). Construction is the large blue dot. A lag marked “≥” is a lower bound: the leader was already above threshold when the panel starts in 1996. Hover any dot for detail.

The lag, technology by technology

Reading the matrix

The lag is real but structured. Technologies dated after 2005, where the panel is uncensored, put construction 4–7 years behind the leader: cybersecurity 4, IoT 4, cloud 6, big data 6, blockchain 7.

The internet is the exception that dates the claim. In FY1996 construction was already among the leading industries on internet language. When a technology arrives with a consumer-scale wave, construction moves with everyone else: the same pattern the companion AI study finds for AI after ChatGPT.

Empty rows are findings. RFID, wearables, VR/AR, 3D printing and autonomous equipment each cleared the threshold in at least one contrast industry and never in construction.

Risk-first entry is a signature, not a rule. Of the technology-industry entries dated 2006 or later, only a minority arrive risk-first, overwhelmingly cybersecurity, plus blockchain. Most technologies enter as capability language.

AI's lag is a lower-bound story told elsewhere. The AI term family failed the precision check on the pre-2015 eras (document part numbering and initials masquerade as “A.I”), so its adoption numbers await passage-level coding; the companion AI study carries the AI contrast on the modern panel.