emerging
Technology Transforms Projects
Technological advancements are revolutionizing infrastructure project delivery, enabling greater efficiency and data-driven decision-making.
Timeframe
near-term
Detailed Analysis
Technology is playing an increasingly transformative role in infrastructure development. From smart grids and renewable energy to advanced project management software and big data analytics, technological innovations are reshaping how infrastructure projects are planned, executed, and managed. The report emphasizes this, stating, "Technological breakthroughs are changing the very nature of infrastructure investing as well as the speed and efficiency of the investments." The integration of technology allows for real-time monitoring, improved risk assessment, and more informed decision-making throughout the project lifecycle. As Daryl Walcroft notes, "The ultimate goal would be for the CEO to have access to live, real-time information for all the organization's capital projects."
Context Signals
PwC's 2013 Annual Global Power and Utilities Survey identified the top technological impacts on the power sector.
87% of CEOs are exploring better ways of using and managing big data.
Innovation is driving new efficiencies in infrastructure project delivery.
Edge
The adoption of advanced technologies will lead to cost savings and faster project completion times.
The use of big data analytics will enable more accurate forecasting and risk management.
The increasing reliance on technology will create new job opportunities in areas like data science and software development.
