
Asia Pacific's Construction Sector Leads in Technology Adoption
CIO Review APAC | Wednesday, January 18, 2023

Over the past ten years, Asia Pacific has seen a significant increase in the usage of technology in the construction industry. However, there is also more pressure than ever before to digitally change.
FREMONT, CA:Regulators are pushing for increased technology use to boost smart facility management and increase build accuracy. Businesses innately want to keep increasing project productivity to remain leading the way in global construction.
Digital tools help businesses adopt new visions, whether it is off-site manufacturing during construction or smart building technologies for facilities management. Furthermore, recent events have demonstrated the value of these digital platforms in ensuring business continuity in the face of disruptions like COVID-19.
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Globally, the construction industry is appreciating the advantages that digital transformation can offer, starting with project performance. Overall project management and performance is the biggest advantage of digital construction solutions, followed by time and scheduling control and bettering health and safety.
Significantly, construction companies are using technology to take action and realise these advantages. Most businesses spend between one and three per cent of their annual revenue on IT. Construction is experiencing a rising use of BIM. BIM-based workflows are used by everyone in construction organisations in Asia Pacific, which is exactly in line with the global average of seven per cent.
In recent years, construction has experienced rapid growth, accounting for eight per cent of Australia's GDP. To promote the adoption of technology, New Zealand is creating the BIM Acceleration Committee. The government is pushing a five-year plan to make BIM business as usual for construction companies, and China has been a pioneer in the adoption of prefabrication to increase the efficiency of buildings. Government organisations have promoted BIM adoption since 2017, and technology as a whole is considered a component of the answer to the industry's labour problems. By regularly publishing the Technology Adoption (C) Index, the regulatory agency BCA, which has required the adoption of BIM, is encouraging businesses to use innovation.
Several aspects of the organisation will see an improvement in digital capabilities. With their digital investments, nearly half of businesses will give operational excellence priority, which will be helpful for Asian-Pacific businesses that place a high priority on finishing projects on time and under budget. Others will focus on building solid client relationships for projects and maximising the value of corporate data. Others will concentrate on digital talent and skills, which are crucial for utilising new technology to its fullest extent and addressing skill shortages in labour-scarce areas like Japan.
Construction companies may increase efficiency, meet expanding client expectations, and benefit from new approaches with digital transformation. Such companies in the Asia-Pacific region are already reaping many benefits from the digital revolution, and with ongoing investment, they can keep leading the way in adopting technology.
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