26 MAY 2022
Anil Sawhney, Global Construction and Infrastructure Sector Lead, RICS, and Andrew Knight, Global Data and Tech Lead, RICS
The global construction sector is estimated to generate £10 trillion output annually, with a strong expectation that annual output will reach £13 trillion by 2030. The industry has always taken on large and complex projects to meet societal needs. However, project performance is far too frequently below stakeholder expectations, sometimes damaging the levels of trust and the sector’s public image. In recent years, the sector has started to question the business-as-usual approach due to demand- and supply-side pressures. Digitalisation is playing a significant role in reimagining construction. As a result, the sector is seeing a significant acceleration in technology adoption, allowing it to leapfrog to more efficient production processes, business models, and value chains.
This report uses the mantra of “measure to manage and improve” to make a timely intervention in this critical and ever-evolving conversation. It shows the status and impact of digitalisation in construction, giving encouraging signs of progress to date but also highlighting how far we still have to go before we realise the full benefits of digital transformation.
Professionals working in the built environment have a special duty to ensure that increasing digitalisation positively contributes to everything they do, ultimately enriching and enabling the communities they serve.
The report reveals barriers we must overcome to drive positive change and sheds light on how digitalisation can support collaboration, a vital element in unlocking societal and commercial value in the complex, multi-disciplinary work of quantity surveying and construction project management professionals.
For professionals working in construction, which multiple studies identify as the single area of human activity that accounts for more carbon impact than any other, the stakes could not be higher. We have a unique responsibility to ensure that data- and technology-driven practice play a positive role in our future and that of the communities we serve.
Clement Lau FRICS
“The report reveals unsurprising lagging indicators of adoption married with a forceful and important call to arms from the RICS. It is critical that, as an industry, we rise to the challenge.”
BSc FRICS CEO, Faithful+Gould Engineering Services