In today’s challenging economy, technology remains critical to enhancing efficiency and project outcomes. The 2024 Construction Industry Survey by Teletrac Navman and Civil Contractors NZ reveals a significant shift towards the integration of advanced technologies, with fleet management systems (77 percent) and machine control (63 percent) now widely adopted on-site. 

Almost 2 in 5 organisations (39 percent) now mandate specific technologies for bidding on projects, up from 27 percent in 2023. This increase highlights the growing recognition that technology is now a fundamental requirement for securing contracts.

However, this trend isn’t limited to construction alone. The transport sector, where efficiency and safety are paramount, is also seeing a strong push towards digital transformation. For transport businesses, adopting technologies like fleet management, driver behaviour monitoring, and eRUC solutions is critical for staying competitive. Transport businesses that lag in adopting these technologies risk falling behind, missing out on the competitive advantages that come with being tech-savvy.

The survey also found a trend of downsizing amongst construction businesses, reflecting the industry’s response to economic conditions and uncertainties in the availability of future work. The takeaway here is just as relevant for transport businesses: as in construction, investing in productivity-boosting and cost-cutting technologies is key to staying resilient in an unpredictable economic environment. 

Teletrac Navman offers a range of telematics products to help boost your fleet’s productivity and decrease costs. TN360 is an AI-powered fleet management software that keeps you connected with your people, vehicles and assets – ensuring that your fleet maximises efficiency while keeping your drivers safe on the road. Teletrac Navman’s RUC Manager is an electronic Road User Charges (eRUC) solution that manages, purchases, displays and updates road user licences in real-time, so you not only save time and money but also keep your vehicles RUC-compliant at all times.

Learn more about Teletrac Navman’s telematics solutions at https://www.teletracnavman.co.nz/  or call 0800 447 735 today!