The Technology Value Gap in The NZ Construction Industry
The Technology Value Gap in The New Zealand Construction Industry
Teletrac Navman and CCNZ announce the 2018 Construction Industry Survey: Technology and Skills Edition
MEDIA RELEASE, Auckland, New Zealand, 31 October 2018 – Education and technology integration are holding the construction industry back from getting the full value of invested in technology.
Data released in the 2018 Construction Industry Survey: Technology and Skills Edition conducted by Teletrac Navman and Civil Contractors New Zealand (CCNZ) indicates that Kiwi construction businesses already employ a range of jobsite and measurement technology; from plant, machine and asset monitoring to GPS-based survey equipment. However, they are not getting full value;
• Only 1 in 10 businesses (9 per cent) felt they were getting the full value from the jobsite and measurement technology they use.
• Well over half (59 per cent) said they would get more value if the staff better understood the capabilities of the technology.
• Over half (57 per cent) said they would get more value if the technology was better integrated with other systems.
• Around 9 out of 10 (87 per cent) construction firms are committing resources to investigating new technology in the coming year.
Peter Silcock, CEO, CCNZ and James French, Construction Industry Specialist, Teletrac Navman discussed job site technology and the demand for staff and skills in front of an audience of civil contractors via webinar on 30th October.
The pair outlined how roles in the construction industry will require new tech-based skills to meet the changes in technology. Results show that 49 per cent of large businesses of over 50 employees are committing resources this year to investigating machine control and guidance/grade control, 25 per cent to Building Information Modelling and 21 per cent predictive analytics.
“Construction today is a high-tech industry. Looking forward, the industry should develop its expertise in job site technology and data analytics because these technologies are highly useful for understanding the total project costs and resource utilisation,” says James French, Teletrac Navman. “This in-depth measurement will aid firms in project management, cost control and, as data build up, developing the most accurate pricing for large scale projects.”
The 2018 Construction Industry Survey: Technology and Skills Edition outlines the industry’s use of job site and measurement technology, goals achieved via technology and barriers to getting maximum value. Insights were collated from 159 survey responses from predominantly directors and managers within the New Zealand construction industry.
The webinar recording can be viewed at https://www.youtube.com/watch?v=tkFtLrJ_CgM
The 2018 Construction Industry Survey: Technology and Skills Edition is available to download at www.teletracnavman.co.nz/construction-industry-survey-technology-edition-2018
The 2018 Construction Industry Survey is an online survey that sampled 159 adults within the New Zealand construction industry. The survey was commissioned by Teletrac Navman and produced by research firm Colmar Brunton. Margin of error for the total sample is + or - 7.8 percent at a 95 percent confidence level. Data was collected from 23 May – 6 June 2018 by Colmar Brunton.