A global provider of construction management software recently released its construction industry benchmark report ‘How We Build Now 2022 – Tracking technology in Asia Pacific Construction in 2022’.
The report by Procore Technologies Corp. noted that construction firms in the Philippines understand that digital transformation is required to overcome future challenges, with 26% of construction businesses already being digital-first and 56% being ‘well on the way’ in their digital transformation journey.
It found that two in three (65%) Filipino construction decision-makers reported an increase in their digital investments during the last 24 months.
Procore also found that Filipino respondents recognize the benefits of construction technology, in particular the reduced reliance on human labour (55%), the ability to handle more projects (54%), and resource efficiency through less rework (53%). Across the Asia Pacific region, Procore’s research found that Philippines is a frontrunner on the digital maturity curve—with above average adoption rates for technologies from Internet of Things (IoT) (47%) to drones (43%), telematics/asset-tracking (42%) to big data analytics (41%).