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Emerging technology in construction – risks and opportunities

New and emerging technologies are presenting the construction industry with a broad range of transformative opportunities for enhanced business growth, operational efficiencies, and much more.

New and emerging technologies are presenting the construction industry with a broad range of transformative opportunities.

At the same time, these advancements introduce a variety of new challenges and risks to navigate.

The continued integration of new products, practices and processes will see construction industry business’ risk profiles evolve over time. As they do, risk adaptation and mitigation measures should also respond in turn.

Below we have collated a broad range of emerging technologies materials – including some initial Marsh Construction insight into a number of new advancements and their associated risks as well as authoritative third-party content – to give a rounded view of how the construction industry might change in the future.

We understand that there is no prescribed short- or long-term roadmap for the construction industry’s adoption of new technologies which will vary by trade, scope of project, and technology maturity of construction stakeholders, amongst other considerations.

As such, we continue to work with tech developers, suppliers, and insurers to find ways to support construction companies in their efforts to manage and mitigate their risks and look forward to sharing our latest insights with you in the future.

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