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Last edited 14 Dec 2018
The convergence of technology and infrastructure sectors
In October 2017, Pinsent Masons, in association with ICE and techUK, published a new report on the convergence of technology and infrastructure sectors.
The Evolution of InfraTech report explores the opportunities for both sectors – as well as for investors.
 What do we mean by InfraTech?
Technology and data are increasingly driving and disrupting infrastructure projects. What does that mean for an industry where many players don't yet have fully developed digital strategies and how will they respond to the new risks and possibilities?
The Evolution Of InfraTech report argues that both the technology and infrastructure sectors need to further engage with each other to drive a new era of ‘InfraTech’ and take full advantage of digital transformation.
The UK is at the forefront of this movement, and ICE President Professor Tim Broyd said:
“The UK is getting better at delivering large and complex infrastructure. We now have a succession of projects such as Heathrow Terminal 5, the Olympics and Crossrail, all of which are running better than the one before. Technology plays a part in this. The world is looking closely at what we’re doing in the UK and wants to learn from us.”
 Technology is driving infrastructure says survey
 Technology is a deciding factor in new infrastructure projects
 Collaboration is coming
53% of infrastructure firms surveyed and 43% of tech firms expect to enter into a joint venture with the other side in the next three years. Similarly, 53% of infrastructure firms and 45% of tech firms expect to enter into a private-public partnership that includes the other side over the same period.
 Technology is a major draw for investors in greenfield and brownfield Infratech projects
98% of investors in greenfield sites say the inclusion of technology as part of a greenfield bid will make them more likely to support it in the next three years. Meanwhile, 96% of brownfield investors say, over the next three years, the presence of technology will make them more likely to invest in an infrastructure project.
You can access the full report here.
This article was originally published here by ICE on 30 October 2017. It was written by Kelly Forbes, ICE Policy Manager.
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