Digital Giants focus on Construction
Digitalisation to reduce costs by 3.4%
New tech offers solutions for the industry
The global digital revolution is here. A swathe of reports from the big consultancy firms, including PwC and McKinsey, mark out the business winners as those implementing a digital strategy.
Now these management consultants are turning the digital spotlight onto the construction and transportation industry. They make it clear that new technology is a powerful tool that can turn around the current picture of low margins and poor productivity.
Appendix A: Blueprint for digital success, pwc Enterprise 4.0
“Digitalisation will profoundly change the entire business world – and that includes the construction industry. Our goal at myConsole is to help the pre-construction sector develop their process and improve win rates by harnessing the power of tech,” says Philp Collard, CEO of myConsole.
As the procurement partner for Digital Construction Week, myConsole are holding a series of webinars to help organisations understand what digitalisation means for construction. The July webinar will be hosted by Eric Sandor, Chairman of myConsole and former Global Managing Partner at Accenture.
“Our next webinar will analyse the top management consultants’ reports, from a construction perspective. We will explain why they are now focusing on the construction industry and how digitalisation will affect your business,” explains Eric Sandor.
A recent PwC survey1 of over 2,000 businesses in 26 countries found construction and engineering businesses planned an investment of $195bn in digitalisation over the next three years. It also discovered construction businesses expect to gain 3.4% p.a in cost reductions.
All sectors expected ‘annual digital revenue increases of 2.9% on average,’ with a large proportion believing total increases will be over 50% in the next five year.
myConsole’s webinar, offers learnings in several key areas:
- Using new tech to realise cost savings
- Digitalisation and productivity
- Building revenue
- Change management
“The construction industry has woken up to the fact that digital changes need to be made. Action and investment are the next steps on this digital journey,” says Philp Collard, CEO of myConsole.
Tune it to our webinar to truly understand where digitalisation can take the construction industry.
ENDS
PwC Global Industry 4.0 Survey: Building the digital enterprise
About myConsole:
myConsole is a next generation digital solution for procurement in construction. Harnessing the power of data and analytics, our system creates efficiencies and dramatically increases win rates. Our goal is to help the construction industry work smarter in the digital age.
Contact myConsole
Amy Hazlehurst
Projects Manager
07951 491154
Featured articles and news
International Women's Day 8 March, 2025
Accelerating Action for For ALL Women and Girls: Rights. Equality. Empowerment.
Lack of construction careers advice threatens housing targets
CIOB warning on Government plans to accelerate housebuilding and development.
Shelter from the storm in Ukraine
Ukraine’s architects paving the path to recovery.
BSRIA market intelligence division key appointment
Lisa Wiltshire to lead rapidly growing Market Intelligence division.
A blueprint for construction’s sustainability efforts
Practical steps to achieve the United Nations Sustainable Development Goals.
Timber in Construction Roadmap
Ambitious plans from the Government to increase the use of timber in construction.
ECA digital series unveils road to net-zero.
Retrofit and Decarbonisation framework N9 launched
Aligned with LHCPG social value strategy and the Gold Standard.
Competence framework for sustainability
In the built environment launched by CIC and the Edge.
Institute of Roofing members welcomed into CIOB
IoR members transition to CIOB membership based on individual expertise and qualifications.
Join the Building Safety Linkedin group to stay up-to-date and join the debate.
Government responds to the final Grenfell Inquiry report
A with a brief summary with reactions to their response.
A brief description and background to this new February law.
Everything you need to know about building conservation and the historic environment.
NFCC publishes Industry White Paper on Remediation
Calling for a coordinated approach and cross-departmental Construction Skills Strategy to manage workforce development.
'who blames whom and for what, and there are three reasons for doing that: legal , cultural and moral"