To get real benefit from new innovations, engineering and construction companies and major project owners need a strong technology vision and must consider how they can better integrate technology into their processes and culture.
In the tenth edition of KPMG’s Global Construction Survey, for the first time, we have jointly surveyed both owners and engineering and construction companies. The survey focuses on how the industry is harnessing the potential of technology to improve the performance of major projects. It features the views of over 218 senior executives from both private and public organisations, whose annual capital expenditure ranges from a few million US dollars to well over five billion US dollars.
In this edition of the survey, we continue to focus on how companies can improve on their project delivery, but with the added perspective of a technology lens to determine who is ahead of the game.
Twelve percent of the survey respondents were from Australia. The results demonstrate that Australian owners and contractors compare favourably with the world’s best in terms of adoption of technology and their project delivery processes.
The lessons from this year’s survey: to get real benefit from new innovations construction companies and owners need a strong technology vision and must consider how they can better integrate technology into their processes and culture. This is entirely consistent with KPMG’s 2016 Global CEO Outlook strategic focus areas of innovation, disruption, technology and developing talent.