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Global Construction Survey 2017 | Who’s ahead of the digital game?

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Technology adoption in the global engineering and construction industry. View the full results of KPMG’s 2017 edition of the Global Construction Survey:

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Global Construction Survey 2017 | Who’s ahead of the digital game?

  1. 1. Who’saheadofthe digitalgame? KPMG International — kpmg.com/gcs Technology adoption in the global engineering and construction industry Insights from the Global Construction Survey 2017
  2. 2. 2 AbouttheGlobalConstructionSurvey2017 Who took part? — 201 senior executives: 97 from major project owners, and 104 from engineering and construction companies. — Participating organizations included both private (listed) companies and government agencies. — Respondents’ companies’ turnover ranged from less than US$1 billion to more than US$20 billion. — Owner entities came from many industries. © 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
  3. 3. 3© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Surveyrespondentsareawareofthethreatsand opportunitiesfromtechnologicaldisruption 55%believe the industry is ripe for disruption 92%feel that technology will significantly change their business 72% say technology, innovation or use of data plays a prominent role in their strategic plan or vision 3© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  4. 4. 4 Butmanyareconcernedabouttheirownorganization’s readiness 20%routinely use integrated project management information systems (PMIS) 48%say their company has a data/technology strategy or roadmap 5% feel their company is ‘cutting edge’ when it comes to technological maturity 10%routinely employ emerging technologies across all projects Less than © 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  5. 5. 5© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Wherearetheyplacingtheirbets? Top four technologies survey respondents believe will be embraced in the next 2 to 3 years: 49% 41% 45% 39% Advanced data analytics (D&A) Smart sensors (tracking people and productivity, security, etc.) Building information modeling (BIM) Integrated project management information systems (PMIS) Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  6. 6. 6© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Andwhichtechnologiesarelagging? Technologies thought to be at least 5 years away from industry adoption: 80% 76% 54% 44% Cognitive machine learning Robotics process automation/digital labor 3D printing Virtual reality Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  7. 7. 7© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Howdotheopinionsofrespondentsfromdifferent sectorscompare? Technologies most embraced by the industry today: 73% 71% 61% of financial services sector respondents say drones of healthcare sector respondents say building information modeling (BIM) of media/telecom sector respondents say integrated project management information systems (PMIS) 45% 40% 39% of healthcare sector respondents say virtual reality of natural resources sector respondents say smart sensors of retail/consumer sector respondents say radio frequency identification (RFID) Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  8. 8. 8© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Technologiesthoughttobeatleast5yearsawayfrom industryadoption 86% of real estate/hospitality sector respondents say cognitive machine learning 64% of financial services sector respondents say virtual reality 45% of media/telecom sector respondents say advanced D&A 65% of natural resources/chemical sector respondents say 3D printing 85% of industrial manufacturing sector respondents say robotics process automation/digital labor Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  9. 9. 9© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Respondents from the financial services sector are the most likely to say that the engineering and construction industry is adopting new technologies today. Respondents from the healthcare/life sciences, media/telecom and retail/consumer sectors are the next most optimistic. Whichsectorsarethemostoptimisticabout technologyadoption? Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  10. 10. 10© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Andwhichsectorsaremostconservativeaboutthe paceofadoption? Respondents from the real estate/hospitality sector are the most likely to say that technology adoption will take at least 5 years. Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  11. 11. 11© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Howdorespondentsindifferentgeographiesview thepaceoftechnologyadoption? Technologies most embraced by the industry today: of respondents from China say building information modeling (BIM) of respondents from UK say drones of respondents from India say integrated project management information systems (PMIS) of respondents from Central America say integrated project management information systems (PMIS) of respondents from China say mobile platforms 78% 55% 53% 53% 52% Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  12. 12. 12© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Technologiesthoughttobeatleast5yearsaway fromindustryadoption 80% 78% 50% 45% 40% of respondents from North America say cognitive machine learning of respondents from India say robotics process automation/digital labor of respondents from the Middle East say virtual reality of respondents from North America say radio frequency identification (RFID) of respondents from North America say advanced D&A Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  13. 13. 13© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Whichcountriesarethemostoptimisticabout technologyadoption? — Respondents from China are the most likely to say that the engineering and construction industry is adopting new technologies today. — Respondents from the UK are the next most optimistic. © 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  14. 14. 14© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Andwhichgeographiesaremostconservativeabout thepaceofadoption? — Respondents from North America are the most likely to say that technology adoption will take at least 5 years. — Respondents from India and the Middle East are the next most conservative. © 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Source: Make it, or break it, 2017 Global Construction Survey, KPMG International, 2017.
  15. 15. 15© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Whyistheconstructionandengineering industryslowtoadopttechnologies? Complex and fragmented supply chain, data scattered across numerous organizations, systems, programs and databases; in turn, making it hard to gain a project-wide benefit from technology.
  16. 16. 16© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Athree-stepapproachtogetmore outoftechnology 1. Today: optimize current systems and leverage D&A and visualization to create insights that drive performance. 2. Tomorrow: develop a technology roadmap. 3. The future: adopt a technology enabled business strategy that aligns technology and business strategies — and pilot new technologies. 1 2 3
  17. 17. Tolearnmore: kpmg.com/gcs #construction © 2017 KPMG International Cooperative ("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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