Using Technology to Improve Risk Management in Construction

The study findings in this SmartMarket Insight reveal the challenges that contractors face in conducting risk management activities and demonstrates that they are optimistic about the potential for emerging technologies to help address risk.

  • The study shows the challenges contractors face with conducting several broad risk management activities, and how engaged they are with using technology now for various risk management activities.
  • It also reveals the top project risks that contractors think can be addressed by IoT (Internet of Things) technologies like wearables and sensors.
  • The main influences on contractors’ decisions to invest in technology are also highlighted, including how those investments are funded, the key obstacles to getting decision-makers to agree to invest and the top benefits contractors expect to achieve from use of these technologies.