DOLLARS AND SENSE
Media
Professional Services
Finance and Insurance
Wholesale Trade
Advanced Manufacturing
Utilities
Basic Goods Manufacturing
Mining
Real Estate
Transportation and Warehousing
Retail Trade
Personal and Local Services
Healthcare
technologies – virtual/augmented reality,
internet of things, machine learning,
and more – while laggards are still relying
on static project manuals, spreadsheets,
manual processes and emails to get the
job done.
Digitization is about working
smarter, not harder
Usage of legacy technology makes for an
interesting reality: despite everyone getting
the job done, some companies just have to
work harder.
This is the kind of work that doesn’t
create value or contribute to the project.
Worse yet, it’s the kind of hard work that
annoys industry workers, vendors, subcontractors
and clients. No worker wants
to be buried in paperwork, no vendor or
subcontractor wants to wait weeks for a
cheque and no client wants to find out that
a project has been delayed because of an
ordering or accounting error.
In an environment where workers and
subcontractors are in high demand, vendors
expect fast payments and customers
are more tuned-in to company reputations
than ever. It pays to work smarter and save
the hard work for the jobsite.
This is what makes “anytime, anywhere”
access in the cloud so important to construction
companies. No one wants to
run field tickets back to the home office or
Figure 1
ICT
ASSETS USAGE LABOUR
Overall
Digitalication
Digital
Spending
Digital Asset
Stock
Transactions
Interactions
Business
Processes
Market Making
Digital Spending
on Workers
Digital Capital
Deepening
Digitisation
of Work
Oil and Gas
Chemical and Pharmaceuticals
Education
Entertainment and Recreation
Government
Hospitality
Construction
Agriculture and Huntingfe
Relatively low digitisation
Digital leaders within relatively undigitised sectors
Source: McKinsey Global Institute industry digitisation index
Relatively high digitisation
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