Innovation in construction
The resource boom in Australia has made a large impact on the construction industry, both locally and internationally. This is also expected to have a huge effect on Australia’s population growth, creating higher demand for infrastructure.
In order to accommodate this growth and increased foreign investment, construction companies and workers must strive for innovation in the construction sector. Innovation allows companies to “better integrate processes; creating strategies that increase competitiveness; and maximise output by fully employing an organisation’s experience, knowledge, tools and resources for optimal production.”
Understanding innovation is a crucial component for accommodating rapid growth in a changing industry environment. Read more about how the construction industry is changing in Construction in Focus.