Construction sector lags behind in tech adoption | Report
"The survey responses reflect the industry´s innate conservatism towards technologies, with most firms content to follow rather than lead," says Geno Armstrong, International Sector Leader, Engineering & Construction, KPMG. "Many lack a clear technology strategy, and either adopt it in a piecemeal fashion, or not at all." A higher proportion of Western companies are tech leaders, with Africa lagging behind. "For some, the cost and risk of adopting new technologies outweighs the perceived benefits, while others may be reluctant to move out of their comfort zone," the report said.
The delegation apprehended that this move might lead to closure of several units and also lay off thousands of workers.