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Baner Club > Blog > Technology > Why building technology has not changed.
Technology

Why building technology has not changed.

Sam O'Gorman asserts that a worker from a 1920s building site would not be all that shocked by what they saw if they were transferred to a modern project.

Last updated: 2024/05/24 at 12:49 PM
Published May 24, 2024
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“In general, construction in Europe and the US continues to be done primarily by hand—not all that different from how it would have been done a century ago,” states Mr. Gorman, an associate partner in McKinsey’s property team.
The McKinsey Global Institute came to the conclusion back in 2017 that the construction sector could increase productivity by 50–60% and increase the sector’s global value by $1.6 trillion (£1.3 trillion) annually.

Since then, efficiency has increased thanks to better manufacturing procedures and the usage of new software and apps, but not as much as one may have thought, according to McKinsey.
When it comes to digitalization, the construction industry lags behind many other sectors. Digital adoption in the broadest sense has been sluggish, according to Mr. O’Gorman.

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admin May 24, 2024 May 24, 2024
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