Construction/Engineering Industry Findings
The Harvey Nash/KPMG CIO Survey is the largest IT leadership study in the world, with almost 4,000 respondents across 84 countries, representing over US$300bn of IT budget spend.
This Construction/Engineering industry snapshot provides survey responses from 118 IT leaders on some of the key topics, and highlights several areas where this industry’s responses differed significantly from those across all industries.
The key topics include digital strategy, budget and priotities, customer capabilities and Technology and Innovation. Explore the full findings in this Construction/Engineering key sector report.
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 the Construction/Engineering sector is making investments in some areas of technology, in particular, augmented/virtual reality. This is obviously 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.
Overall, while we see positive 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 (expected to be released in early 2019) 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.
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