The construction industry is experiencing an explosion of new technology for the jobsite, which carries the promise of helping contractors improve their projects by addressing various project risks, including occupational risks, construction defect, property damage and general liability.
The study findings in this SmartMarket Insight reveal the challenges that contractors face in managing construction risks and demonstrates that they are optimistic about the potential for emerging technologies to help address risk.
This report is based on two studies that examine the implications of emerging technologies for managing construction risks. A quantitative study was conducted to investigate how they manage risk and their assessment of new and emerging technologies. A qualitative study was conducted with insurers to share their insights on the current state of the construction industry regarding the use of data to mitigate construction risk and the potential of current and emerging technologies to improve those capabilities.
We’d like to thank Triax for partnering on this study and allowing us to bring this important information to the construction industry.
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