74% of construction companies say they plan to adopt new technology in the coming year, with security, safety and productivity cited as their main reasons
A recent survey by AES Fleet and Webfleet found that 74% of construction companies plan to adopt new technology in the coming year, with security, safety and productivity cited as their main reasons.
The aggregates industry has not always been the fastest-moving sector in embracing technological change. For example, while the manufacturing industry has seen a 3.6% year-on-year growth in automation over the last decade, aggregates have shown a mere 1% growth.
Yet it is also clear that an increasing number of companies want to add more automation and digitisation to their processes. 40% say they believe they should be more technologically sophisticated than they currently are.
At the same time, common concerns about adopting new technology are regularly cited. In particular, cost, training, liability, site security and data security are all major factors that make many companies slow to adopt new technology that could bring value to their businesses.
Richard Stansfield, Director of Business Development from AES Fleet, comments, “What we are finding is that some companies are uncertain of how to adapt to change. Do they adopt quickly to new innovations, investing time and money and taking on potential risks? Or wait for other companies to adopt first so you can see how it works for them, which could mean being left behind by the competition?”
AES Fleet has found that aggregate companies who have adopted new technologies benefit by reducing cost, saving time, and gaining peace of mind with compliance.
Richard concludes, “At AES Fleet, we offer BAA members actionable advice on the key barriers to adoption and what you should expect from a new technology provider to ensure you’re reaping the rewards while avoiding the risks.”
You can find out more about how AES Fleet can help BAA members using the button below.