{"id":17931,"date":"2023-06-06T11:11:56","date_gmt":"2023-06-06T18:11:56","guid":{"rendered":"https:\/\/essential.construction\/news\/kpmg-study-technology-can-address-construction-challenges\/"},"modified":"2023-06-06T11:11:58","modified_gmt":"2023-06-06T18:11:58","slug":"kpmg-study-technology-can-address-construction-challenges","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/kpmg-study-technology-can-address-construction-challenges\/","title":{"rendered":"KPMG study: Technology can address construction challenges"},"content":{"rendered":"

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<\/a>Digital technology can help address the backlog of Canadian housing and infrastructure projects bogged down by unprecedented demand and a chronic shortage of skilled labour, finds new research from KPMG in Canada.<\/p>\n

Nearly nine in 10 of the of 275 construction companies surveyed said the lack of skilled labour or trades is impacting their ability to bid on projects and\/or meet project deadlines, but added that digital technology can help make their labour force more effective to address these shortages.<\/p>\n

\u201cTechnology can help the construction industry address Canada\u2019s housing and infrastructure challenges,\u201d stated Tom Rothfischer, partner and national industry leader for building, construction, and real estate at KPMG in Canada. \u201cDigital tools, if used smartly, save time and money, reduce waste, and improve worker safety and productivity. In short, they help get projects done on time or ahead of schedule and on budget.\u201d<\/p>\n

He notes that many technologies employed in the manufacturing sector can be deployed by the construction industry to increase productivity and reduce costs. For example, 3D printing technologies in manufacturing have been adapted to the construction industry to lay concrete and build complex steel shapes. Drone-based surveying can help contractors quickly and accurately layout work, measure quantities, and monitor progress. And Building Information Modelling (BIM) is allowing project teams to collaborate more effectively, especially with the use of digital twin technologies that build on BIM.<\/p>\n

As in other countries, Canada\u2019s construction industry has been slow to adopt new digital technologies. However, the pandemic, combined with the intensifying labour shortage, has proven to be the catalyst the industry needed to rethink how they go about their business.<\/p>\n

\u201cWe\u2019re seeing a definite recalibration taking place in the construction sector,\u201d said Rothfischer. \u201cWhile many are still just at the beginning of their digital build, leaders see the power of technology to reshape the way they work and plan to invest heavily in the coming years. But having the technology is only half the battle. The real advantage will come to those firms who effectively integrate it into their operations \u2013 from the back office to the construction site.\u201d<\/p>\n

Additional findings from the survey include that three-quarters of respondents believe that Canada\u2019s construction industry is lagging behind other countries in digital technology adoption, although 85 per cent believe disruptive technologies could make their companies more competitive.<\/p>\n

\u201cLeading firms are already adopting technology to improve productivity and project management, safety on worksites, and decision-making,\u201d stated Mary Van Buren, president of the Canadian Construction Association.<\/p>\n

In addition to assisting with the planning and management of projects, technology is also viewed as a way the industry can cope with a severe labour shortage that\u2019s challenging the ability of companies to bid on projects and\/or meet project deadlines.<\/p>\n

\u201cThe efficient allocation of trades is one of the industry\u2019s most-pressing challenges and opportunities,\u201d stated Jordan Thomson, senior manager, infrastructure advisory at KPMG in Canada. \u201cMany companies are deploying or planning to deploy digital tools to better improve efficiency on site and do more with less. The application of data analytics, wearables, and internet of thing sensors, and BIM can help to improve productivity, schedule efficiency, and quality, minimize waste, and improve worker safety.\u201d<\/p>\n

According to the survey, 90 per cent of construction companies are currently experiencing a shortage of skilled labour or trades, with 86 per cent of respondents reporting that the shortage of skilled labour or trades is impacting their ability to bid on projects and\/or meet project deadlines. Almost 90 per cent, however, agree that better project management tools, such as analytics, BIM and digital twins, help to address labour shortages and improve employee productivity.<\/p>\n

The survey is available on KPMG in Canada\u2019s website, or by clicking here<\/a>.<\/p>\n

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www.kpmg.ca<\/a><\/p>\n<\/p><\/div>\n