Why Megaprojects Need A Tech Revolution: Lessons From Carillion
The collapse of Britain’s second-largest construction firm, Carillion, is symptomatic of a larger problem. Globally, construction performs poorly compared to other sectors. The underlying cause of the sector’s underperformance: construction lives in the 19th Century. Across any measure of process or technological advancement—be it software tools, big data, modularization, digitalisation, or the use of lean concepts—construction ranks among the worst performing sectors and remains deeply fragmented. To meet the demands of the 21st Century, construction requires a technology revolution.