Despite an explosion of technology that could drive increased accuracy, efficiency, and profits, Australia’s $300 billion building sector continues to lag in adopting new technology tools.

According to ABS data, only a third of construction businesses are ‘innovation-active.’ However, increasing market competition has many business leaders beginning to recognize the value of unlocking project data in a systematic way. Australian firms are not alone, according to Ian Howell, CEO at software firm Newforma. “Resistance to being innovative…