Digital Giants focus on Construction
Digitalisation to reduce costs by 3.4%
New tech offers solutions for the industry
The global digital revolution is here. A swathe of reports from the big consultancy firms, including PwC and McKinsey, mark out the business winners as those implementing a digital strategy.
Now these management consultants are turning the digital spotlight onto the construction and transportation industry. They make it clear that new technology is a powerful tool that can turn around the current picture of low margins and poor productivity.
Appendix A: Blueprint for digital success, pwc Enterprise 4.0
“Digitalisation will profoundly change the entire business world – and that includes the construction industry. Our goal at myConsole is to help the pre-construction sector develop their process and improve win rates by harnessing the power of tech,” says Philp Collard, CEO of myConsole.
As the procurement partner for Digital Construction Week, myConsole are holding a series of webinars to help organisations understand what digitalisation means for construction. The July webinar will be hosted by Eric Sandor, Chairman of myConsole and former Global Managing Partner at Accenture.
“Our next webinar will analyse the top management consultants’ reports, from a construction perspective. We will explain why they are now focusing on the construction industry and how digitalisation will affect your business,” explains Eric Sandor.
A recent PwC survey1 of over 2,000 businesses in 26 countries found construction and engineering businesses planned an investment of $195bn in digitalisation over the next three years. It also discovered construction businesses expect to gain 3.4% p.a in cost reductions.
All sectors expected ‘annual digital revenue increases of 2.9% on average,’ with a large proportion believing total increases will be over 50% in the next five year.
myConsole’s webinar, offers learnings in several key areas:
- Using new tech to realise cost savings
- Digitalisation and productivity
- Building revenue
- Change management
“The construction industry has woken up to the fact that digital changes need to be made. Action and investment are the next steps on this digital journey,” says Philp Collard, CEO of myConsole.
Tune it to our webinar to truly understand where digitalisation can take the construction industry.
ENDS
PwC Global Industry 4.0 Survey: Building the digital enterprise
About myConsole:
myConsole is a next generation digital solution for procurement in construction. Harnessing the power of data and analytics, our system creates efficiencies and dramatically increases win rates. Our goal is to help the construction industry work smarter in the digital age.
Contact myConsole
Amy Hazlehurst
Projects Manager
07951 491154
Featured articles and news
Future Homes Standard Essentials launched
Future Homes Hub launches new campaign to help the homebuilding sector prepare for the implementation of new building standards.
Building Safety recap February, 2026
Our regular run-down of key building safety related events of the month.
Planning reform: draft NPPF and industry responses.
Last chance to comment on proposed changes to the NPPF.
A Regency palace of colour and sensation. Book review.
Delayed, derailed and devalued
How the UK’s planning crisis is undermining British manufacturing.
How much does it cost to build a house?
A brief run down of key considerations from a London based practice.
The need for a National construction careers campaign
Highlighted by CIOB to cut unemployment, reduce skills gap and deliver on housing and infrastructure ambitions.
AI-Driven automation; reducing time, enhancing compliance
Sustainability; not just compliance but rethinking design, material selection, and the supply chains to support them.
Climate Resilience and Adaptation In the Built Environment
New CIOB Technical Information Sheet by Colin Booth, Professor of Smart and Sustainable Infrastructure.
Turning Enquiries into Profitable Construction Projects
Founder of Develop Coaching and author of Building Your Future; Greg Wilkes shares his insights.
IHBC Signpost: Poetry from concrete
Scotland’s fascinating historic concrete and brutalist architecture with the Engine Shed.
Demonstrating that apprenticeships work for business, people and Scotland’s economy.
Scottish parents prioritise construction and apprenticeships
CIOB data released for Scottish Apprenticeship Week shows construction as top potential career path.
From a Green to a White Paper and the proposal of a General Safety Requirement for construction products.
Creativity, conservation and craft at Barley Studio. Book review.
The challenge as PFI agreements come to an end
How construction deals with inherited assets built under long-term contracts.
Skills plan for engineering and building services
Comprehensive industry report highlights persistent skills challenges across the sector.
Choosing the right design team for a D&B Contract
An architect explains the nature and needs of working within this common procurement route.
Statement from the Interim Chief Construction Advisor
Thouria Istephan; Architect and inquiry panel member outlines ongoing work, priorities and next steps.