What could the world of construction look like in 2030? | KPMG Perspectives

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What could the world of construction look like in 2030? | KPMG Perspectives
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Even for an industry that has experienced its fair share of volatility, the past few years have been dramatic for engineering and construction (E&C). Know more:

EVEN for an industry that has experienced its fair share of volatility, the past few years have been dramatic for engineering and construction .

The E&C industry in the Philippines has been immensely affected by the pandemic. In addition to health and safety concerns, the pandemic has highlighted the need for sustainable solutions in the industry. As the world moves towards a greener future, the E&C industry in the country also started embracing sustainable practices to reduce its impact on the environment.

Decision-making has been greatly enhanced through the use of IoT, AI, ML, automation and analytics, with sensors able to detect problems that would previously have been unseen. The E&C industry’s productivity has improved immeasurably, thanks to up-to-the-minute benchmarking on why certain teams are not performing.

The sector has also experienced growth in innovative, localized sourcing, which cuts transportation costs, lowers the carbon footprint and hedges against the risk of disruption from geopolitical events, resource shortages and climate change. 3D printing has helped this transition. Higher use of renewables reduces emissions and protects supply chains against energy price increases or shortages.

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