Governments Can Lead Construction into the Digital Era

By Jose Luis Blanco, Thomas Dohrmann, JP Julien, Jonathan Law, and Robert Palter, McKinsey

An industry notorious for cost and time overruns, the construction sector can capture significant efficiencies by adopting new technologies. While many executives acknowledge the potential of new technology, they often hesitate to risk multi-billion-dollar projects on applications they consider unproven. To create greater value from public and private spending on large capital projects, governments can help clear the path and bring new technologies to bear."

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