Investing in Customised Technology Projects within Construction

Investing in Customised Technology Projects within Construction

Audacia

18 February 2022 - 1 min read

Digital Transformation
Investing in Customised Technology Projects within Construction

The construction industry faces opportunity and challenge in equal measure.

An 85% increase in construction projects by 2030 offers construction businesses an incredible chance to grow. Yet, a shortage of skilled workers and low rate of productivity makes it difficult for organisations to rise to the challenge.

The solution is technology, with McKinsey & Company predicting that introducing modern technology to construction could improve productivity by 14-15% and generate savings of 4-5%.

Adopting new technology could not come at a better time for construction businesses as projects continue to become more complex and expensive, placing managers under greater pressure to improve efficiency, reduce timelines and do more for less.

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