Skip to main content


Building the possible with IoT

Latium Technologies discusses Internet of Things (IoT) solutions — devices with sensors and other technologies that collect and exchange data for efficient building process while mitigating risk.
A man in a modern factory with a tablet

The construction industry has not typically been known for its embrace of technological innovation. However, as discussed in the future of construction article, companies are increasingly looking to overcome several challenges — from a shortage of skilled labour to the rising costs of materials — with the adoption of new technologies. Wearables, telematics, sensing technology, and autonomous vehicles are some of the leading innovations that can help promote sustainable growth and create efficiencies in how companies operate.

One challenge facing companies is sourcing the most appropriate solutions for their particular needs and selecting the providers that can best bring about new operational, process, and revenue possibilities.

In the videos below hear from specialists on how companies can select the technology providers and partners that best suit their needs.

Latium Technologies discusses Internet of Things (IoT) solutions — devices with sensors and other technologies that collect and exchange data to allow for a more efficient building process while mitigating risk.

Topics covered in the conversation include:

  • An overview of current IoT products and capabilities
  • The importance of project appropriate and timely product specification
  • Examples of “losses” avoided thanks to IoT technologies
  • Misconceptions of IoT solutions
  • Common IoT considerations for contractors
  • The future of IoT

Embracing new technologies

The solutions and respective benefits available to construction industry companies

Following this discussion, we join Latium Technologies on a site visit to gain a first-hand look at IoT in action. 

IoT in Action

Latium Technologies and Marsh discuss sensors on site

Our people

Placeholder Image

Maarten van Haaps

Head of Construction, Pacific

Placeholder Image

Brad  Day

National BDM – Corporate Construction, Marsh Specialty

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. LCPA 23/486

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”