Twenty twenty three may represent an epoch unlike any other. Future generations may look back at 2023 with deep admiration or deep scorn. They may praise leaders for their foresight or damn them for their inaction. Know more:
TWENTY twenty three may represent an epoch unlike any other. Future generations may look back at 2023 with deep admiration or deep scorn. They may praise leaders for their foresight or damn them for their inaction. Leaders today have a choice. The repercussions of these choices can resonate for future generations.
This mindset shift is important as the Philippines forge its path in a post-pandemic world. The infrastructure sector must adapt and develop in order to address the changing needs of society. KPMG in the Philippines Deal Advisory Head and Infrastructure Sector Head Michael Arcatomy H. Guarin further supports this saying, “it is a new era and we have to think differently in terms of tackling the challenges and opportunities that this presents to the infrastructure sector.
The challenge facing infrastructure providers and governments is two-fold. The first big challenge is how to remain relevant in an age where technologies and private players are already disrupting the service delivery model. Governments may need to rethink where and how they will play in the provision of infrastructure. In part, this requires new ideas and models that eschew the industrial age and embody the age of mass customization.
This year, we expect to see significant pressure on contractors and developers to up their digital capabilities and integrate into the wider value chain. We also expect to see more infrastructure players work to overlay data with experience—applying human capabilities to drive real value from data.This year, expect to see the city, regional and national governments start to engage in real and collaborative debates on what value cities can deliver.
The potential risks of trying to solve new problems within an old context and mindset are huge. It limits the imagination. It stifles innovation. It slows investment from flowing into new ideas and technologies. It increases costs, encourages waste and creates redundancy. If society is to move peacefully and confidently from the industrial age to the age of mass customization, it should become much more willing to abandon the status quo and encourage greenfield thinking.
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