Technological Transformation In Australia’s Construction Industry
The Australian construction industry is in the midst of a technological transformation. It’s a new space and many construction companies are pioneering the use of tech as they strive to become more efficient, encourage growth and improve safety.
To help understand how technology is being utilised in construction, Procore Technologies and ACA Research conducted research to unearth statistics and insights so they could track the adoption and use of technology and innovation in the sector.
The new findings provide insight about how new technologies are influencing modern construction company processes. They to provide industry, government and the education sector with information about how technology is being adopted, as well as the role that technology plays in helping the construction industry meet its commitments across a wide range of regulations.
Some of the findings indicate there are direct correlations between technology usage and productivity:
- 86% of respondents felt that increasing technology usage was an important means of improving business productivity
- 62% felt that new technologies would increase business revenue
- 59% expect an increase in profitability alongside increasing technology usage in their business.
These statistics alongside others, show how construction businesses use technology to help them meet ongoing challenges – such as productivity, employee skills, staff retention, rework, diversity and managing health and safety.
The construction industry faces many challenges in the next 12 months but by focusing on the adoption of new technology and the proper management of staff, businesses will be well placed to thrive. Those businesses that are better at adopting technology and improving the quality of their staff can expect to experience fewer productivity issues and increased revenue.
Alpha Force
Skilled Staff . Fair Price