Singapore And Asean Regions At The Forefront of Construction Digitalisation
PlanRadar’s latest report reveals findings: PlanRadar, a leading construction management software company, has released its latest industry report, titled ‘Quantifying success: Digitization and software in construction’. The study sheds light on the transformative role of technology in the construction landscape, with a specific focus on quantity surveyors, site teams, and project management professionals in Singapore and the ASEAN region.
The survey compiled insights from over 300 industry respondents across ANZ, ASEAN, Middle East and United States and was conducted in December 2023. 43% of the respondents surveyed were from the ASEAN region, with approximately 64% of ASEAN respondents from Singapore.
Key findings and insights from the report:
- Strategic software investments: The report reveals a significant commitment to digital transformation, with an overwhelming 83% of survey respondents in ASEAN, including Singapore, making substantial investments in project management software over the past three years. Notably, Artificial Intelligence emerged as the second most significant category for these investments, indicating a growing interest in AI-powered solutions to streamline quantity surveying processes.
- Time and cost savings: Digital adoption is not merely a trend but a practical solution, as indicated by 56% of respondents recognising that investing in new software leads to valuable time savings. Additionally, 54% believe it results in cost savings, emphasising the efficiency gains and cost management capabilities offered by digital tools.
- Challenges in implementation: While the benefits of software adoption are clear, the report acknowledges challenges, with 60% of survey respondents citing the potential cost of implementing new software as the most significant barrier. This underscores the need for cost-effective solutions and comprehensive training and support during the transition to digital systems.
- Future software investments: Looking ahead, 59% of Singaporean survey respondents plan to allocate more investments towards quantity surveying software in the next three years, indicating a continued commitment to digital transformation. Project management software and software for field data collection also garnered significant interest.
- Strategic investment intensity: Among those planning to invest more in software, 39% intend to increase their software investments by 11% to 30%, while 28% aim for an even more significant investment increase, exceeding 30%.
Empowering the construction industry through innovation
Vitaly Berezka, Head of Sales, Central Asia, MENA and APAC, PlanRadar, commented, “Singapore and ASEAN’s construction narrative is rewriting itself through the lens of digital innovation. Construction stakeholders, project managers and site teams are not just facing or adapting to pressure – they’re leveraging technology as a powerful ally, a catalyst for increased productivity, reduced errors, and the timely, on-budget delivery of projects in an industry where every advantage counts.”
Berezka added, “As Singapore and ASEAN’s construction industry embraces digitalization, the shift from pen and paper to technology-driven solutions is a strategic imperative. This report underscores how innovation isn’t just a choice; it’s a necessity for construction professionals aiming not just to keep up but to lead in 2024.”
“The interest in AI is reflective of Singapore always being at the forefront of technology, signifying the potential for the advancement of digitalisation in construction to take on the next level. We are looking forward to discovering how AI will transform the industry, bringing about benefits like improved decision-making, reducing timelines and enhanced collaboration. This transformation has ripple effects throughout the entire construction sector, leading to smarter, more sustainable projects,” added Vitaly.
The full report can be downloaded here.
