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NEW

Home Builder Grant: The 2020 $25k Build & Renovation Grant

Who is eligible for home builder grants, and how much will they have to spend? Even the cheapest renovations will require householders to stump up $125,000 A house being renovated in Brisbane on Thursday. The federal government will give eligible Australians $25,000...

COVID-19: Contactless Site Induction APP

HIA Making space on site: COVID-19 site induction HIA has developed a COVID-19 site induction to help builders and trade contractors include COVID-19 into their regular site induction processes. The HIA Making space on site: COVID-19 site induction uses the HIA...

Solar Guide: 2020 Guide to Solar Supply/Install Requirements

This Solar & Renewable Energy Guide is for you if you're considering investing in Solar   The three main components of a solar power system 1.  The panels, which will usually be either monocrystalline or polycrystalline. These are the two main types of solar...

The Australian construction industry is undergoing a technological transformation, creating a new and dynamic space with many construction companies emerging as fast movers – pioneering the use of technology as they drive efficiencies, motivate growth and improve safety.

To better understand how technology is being utilised in Australian construction companies, Procore Technologies and ACA Research conducted industry research to unearth statistics and insights to 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. It seeks to provide industry, government and the education sector with information about how technology is being adopted, the skills required now and in the future, 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 that 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, set a benchmark about how construction businesses use technology in helping them to meet ongoing challenges – such as employee 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.

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