Australia's construction industry needs a data-driven makeover

The local building and construction players are already using technology but the problems of chronic underinvestment and a lack of innovation need to be nipped in the bud.

As Australia nears the end of a huge construction boom driven by the mining and resources sectors, the time has come to take steps to ensure our continued economic prosperity. Opinions are divided whether the end of the boom is a crisis, but it would be hard to find an economic commentator that hasn’t talked about the structural shift that has occurred and the rebalancing of the economy that now needs to take place.

In this environment, governments and industry need to encourage innovation to ease Australia’s difficult rebalancing act.

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