Research has shown that innovation drives economic growth, increases productivity creates better-paid jobs and helps businesses to grow and increase their competitiveness. So it’s no surprise that in the UK Innovation Strategy, the British government laid out plans to make the UK a global innovation hub by 2035.
According to the Enterprise Research Council, 74% of UK firms say that reducing costs has become more important post-pandemic, with 65% citing increasing their use of digital technologies as their new priority.
However, with steep inflation, rising energy bills and material and labour shortages hitting every sector, these two goals are often at loggerheads – particularly in the construction industry which is still behind the curve in terms of digital transformation.
UK productivity is 20% lower than other countries
But with UK productivity sitting around 20% lower than comparable countries like France, Germany and the US – what support is out there for UK construction and real estate companies looking to take the next steps in digital transformation?
In this article, we look at seven resources that are helping to drive digital transformation in construction and real estate along the entire value chain.