The Harvey Nash/KPMG CIO Survey is the largest IT leadership study in the world, with 4,000 respondents in 84 countries, representing US$300bn.
Reinventing core business broadly through digitization and innovation, remains a key focus for Construction/ Engineering firms as they seek to avoid disruption, and turn a lagging industry into a leading one.
It's clear that the Construction / Engineering sector is making investments in some areas of technology, in particular, augmented / virtual reality. This is likely due to the "bricks and mortar" nature of the business; however, despite these results, we're still seeing that many don't have a clear digital business vision and strategy. These elements are the cornerstone of innovation and in order to be leading, Construction / Engineering firms will need to pick up the pace.
While we see clear progress since KPMG's 2017 Global Construction Survey (which focused on disruption, innovation and technology), Construction / Engineering firms need to continue exploring and leveraging technologies like advanced data analytics and readily available predictive solutions as a launching pad for further innovation. KPMG's 2019 Global Construction Survey will further explore these critical issues, and how Construction/Engineering firms can take a leadership role in the future of the industry and avoid disruption.
Download the full data details for the Construction / Engineering industry (PDF 227 KB).