Thu, 13 June, 2024
A McKinsey Global Institute report quantified the potential impact of construction digitalisation and skills-focused solutions like SafeXtend. The study estimated a global economic impact of £1.3T annually - equivalent to 50% of the global infrastructure investment needs resulting in productivity gains of 14-15% and cost reductions of 4-6%.
Digital innovation in the construction sector could boost UK government programmes through an estimated 35% reduction in average training times, freeing over 100 million worker hours by 2030 for additional projects. Cost savings of 25-50% per worker trained may fund 5,000-10,000 new apprentices annually while lowering injury rates 10-20% to cut social and NHS costs by £500 million per year, while supporting health and safety objectives.