September 20, 2016
Despite substantial investment in new technology over recent years, the construction industry is struggling to realise the full benefits of key technologies including advanced data and analytics, mobility, automation and robotics. That’s the main finding from Building a technology advantage – Global Construction Survey 2016, the annual state-of-the-industry report from KPMG International. Of the 200-plus senior construction executives who took part in the survey, just 8 percent of their companies rank as “cutting edge technology visionaries,” while 64 percent of contractors and 73 percent of project owners rank as “industry followers” or “behind the curve” when it comes to technology. Two-thirds of survey respondents believe project risks are increasing. According to Armstrong, this is an industry ripe for disruption, yet less than 20 percent of respondents say they are aggressively disrupting their business models.