KPMG’s 2018 report on emerging trends in infrastructure identifies key issues facing the sector worldwide. Unsurprisingly, the report acknowledges the role of technology as a driver of enormous change, opportunity and risk in a socio-political landscape that’s characterised by disruption and uncertainty.
“Data is rapidly becoming the backbone of the infrastructure sector”.
The quality of data curation, and how effectively it is shared and analysed, is central to a successful future for the sector.
KPMG stresses the need for government, policy-makers and planners to think differently. There is huge potential for great value to be unlocked, if we respond with vision and purpose.
Here’s a snapshot of some of KPMG’s predictions for infrastructure in 2018 and beyond.
The clash of competing forces
A divisive climate has prevailed over the past decade, with young and old, ‘haves’ and ‘have-nots’, left and right, East and West increasingly pitted against each other. As such, policy-makers and politicians will need to focus on building bridges between opposing viewpoints and finding ways to balance the needs of all stakeholders if they hope to get anything done.
The challenge? Making smart investment decisions for a shared future. While this guarantees some tough decisions ahead, one thing is clear:
“Making sound decisions in this environment will require better data, more sophisticated analytics and much more reliable projections”.
Sustainability – in all its forms – rises up the agenda
The report asserts that the concept of sustainability needs to be expanded beyond environmental sustainability to include financial, operational, funding, technological and social sustainability.
“Those responsible for our infrastructure will need to improve the way they measure and assess their development and construction metrics.”
The pace of development comes under the microscope
Rethinking how fast or slowly assets are being built is another key consideration in 2018. In mature markets, this means streamlining planning, approval and delivery in order to speed up developments that might otherwise be bogged down in slow consultative processes. In developing markets, it may mean taking a slower, more considered approach.
In both cases, what’s needed is more careful assessment of the future needs of the population, so that the infrastructure is relevant and optimal by the time it begins operating.
The benefits of sharing data become more evident
According to the report, data is rapidly becoming the backbone of the infrastructure sector.
Data ownership is currently a complex issue because no one party owns all of the data required for smart decision-making.
It’s expected that 2018 will see governments improve on the management, sharing and use of data across departments and jurisdictions. In the longer term, the report suggests, data ownership will become less important globally, and the focus will shift to sharing data across multiple platforms while protecting the privacy of individuals.
“High quality data curation will be key to creating value potential”.
siteoffice.mobi: a construction-phase solution
It’s clear that data is the key to optimising:
- production efficiency
- tracking, reporting and predicting
- transparency and accountability
That’s why we created our fully integrated project management software, siteoffice.mobi. As a group of builders, engineers and software developers with a passion for improving our industry, we recognise the extraordinary value of real-time data and analysis in the construction phase of infrastructure projects.
siteoffice.mobi is simple, efficient and sustainable – perfectly in step with the priorities of the infrastructure for 2018 and beyond.
To download the full KPMG Emerging Trends in Infrastructure 2018 report, visit: https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2018/02/emerging-trends-in-infrastructure.pdf