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InEight, a global construction project management software company, has released its first annual “Global Capital Projects Outlook.” The document uses survey data from 300 of the world’s largest capital project owners and contractor construction professionals to draw conclusions on the industry, such as:

  • 92% of respondents are either fairly or very optimistic about their future, and 91% believe their organization to be resilient.
  • 71% see digital transformation as the biggest short-term source of opportunity, with data analytics, artificial intelligence and machine learning considered the top-three most critical for success.
  • Over half of both owners and contractors say projects completed on or ahead of schedule and on or under budget have increased during the last three years. This trend is set to continue with 83% confident of completing future projects on or ahead of schedule, and 82% confident of doing so on or under budget.   

Read the whole report at ineight.com/globaloutlook-2021.

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