Why efficiency and productivity are key to the future of Australian construction
“In Australia, the engineering and construction industry outlook is positive. Those that can successfully navigate through the short-term challenges should be able to capitalise on the huge pipeline of opportunities that lie ahead.”
This is KPMG’s assessment in its latest Global Construction Survey, adding:
“Companies need to continue to develop new and innovative ways to improve productivity and project performance.”
There is huge potential for growth in the Australian construction sector, and rapid adoption of new technology will be key to overcoming challenges and delivering the improved productivity necessary for success.
Help teams work safely and efficiently
The construction industry will need nearly half a million additional workers by 2026 to meet demand and replace retirees. One of the challenges of ongoing labour shortages is the need for teams to work more effectively while maintaining the highest standards of safety. Labour costs are also increasing so, to meet budget demands, improving productivity and preventing project overruns is key.
Worksite insights have never been more critical – and understanding how your project is progressing in real-time can help you minimise unexpected costs, stay on schedule, and anticipate risks. UBY offers smart AI-powered monitoring solutions that support construction project managers – making projects more efficient and productive.