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Infrastructure Boom at Risk: New Data Warns of Budget Creep, Inefficiencies and Costly Rework in the Construction Sector

Infrastructure Boom at Risk: New Data Warns of Budget Creep, Inefficiencies and Costly Rework in the Construction Sector

Yahoo20-05-2025

41% of global leaders in architecture, engineering, construction and operations see infrastructure as the top growth area for design and construction.
Yet, 56% say client changes and scope creep are the primary causes of costly project rework.
Although the construction industry is making progress in digitization, technology integration and adoption still emerged as the top business challenge among leaders, cited more often than any other issue.
LAUSANNE, Switzerland, May 20, 2025 /PRNewswire/ -- As global construction demand surges to record highs, new research from Revizto, the leading integrated collaboration platform for architecture, engineering, construction and operations (AECO), exposes a critical crossroads for the $13 trillion global industry. While investment in infrastructure, data centers, and public projects are booming, the construction industry is being increasingly threatened by mounting inefficiencies, spiraling budgets, and costly rework-challenges driven by outdated practices and disconnected technologies that hinder collaboration.
The inaugural global Bridging the Gap: 2025 Digital Design & Construction Report reveals a staggering 92% of global AECO professionals see significant budget changes during construction, despite contingency funds being built in. The most common increase is 11-20% above the original estimate, a reality faced by 42% in the US and 51% in the UK.
With Governments across the UK and US investing billions into infrastructure, projects continue to grow in scope, scale and complexity, exposing design and construction companies to greater risk. The report found 41% of global industry leaders identify infrastructure as the top growth area in design and construction, yet 56% say change orders, client changes and scope creep are the primary causes of costly project rework. Closely followed by unexpected site challenges (53%) and design errors (45%).
Despite notable innovation and success among early adopters, technology uptake in construction remains limited, falling short of the industry's broader ambitions. While 63% of AECO professionals are closely following technological developments in AI and automation, technology integration and adoption was the most frequently-cited business challenge, with 27% of teams still relying on outdated tools like email, Excel, and PDFs for project delivery.
With global construction spend projected to hit $22 trillion by 2040, the opportunity is vast, but despite growing awareness of the problem, the sector is struggling to close the gap between technological ambition and operational reality. The report highlights a clear appetite for innovation, with the majority of industry leaders seeking solutions to bridge the gap.
Arman Gukasyan, Founder and CEO of Revizto, said:"The construction sector is at a pivotal moment. With governments investing billions in infrastructure and the global market projected to reach $22 trillion by 2040, the opportunity is immense – but so is the risk. Our research shows that outdated practices and fragmented project delivery are costing the industry and public billions, underscoring the urgent need for smarter, more collaborative ways of working to help reduce waste and reworks on essential and complex projects."
Roman Baran, Senior Manager, Digital Construction at Canary Wharf Group said:"This report highlights what many of us have long understood: improving collaboration is the clearest path to boosting productivity in construction. With the right tools, like Revizto, we can bridge the gaps between design and delivery to reduce rework, minimize budget overruns, and improve outcomes."
About ReviztoRevizto is the leading Integrated Collaboration Platform for the Architecture, Engineering, Construction & Operations (AECO) industry, transforming the way we design and build by driving efficiency, reducing errors, and simplifying complexity. From real-time coordination to automated clash detection and issue tracking, Revizto keeps all stakeholders aligned throughout the entire project lifecycle. Backed by Summit Partners, Revizto is relied on by firms around the world like Jacobs, AECOM, AtkinsRealis, McCarthy, Skanska, Stantec, and others to deliver projects with greater confidence and control.
MethodologyRevizto commissioned a survey through Censuswide of over 2,000 individuals from across the global AEC sector. More than 80% of respondents are in leadership roles, around 75% of respondents are from firms with revenues greater than $100 million USD, and the majority (65%) of respondents work on projects with budgets of $51M - $500M USD. Survey results have been rounded to the nearest unit (one digit) for reporting purposes. Revizto was not named as the research partner.
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Global Clinical Workflow Management Software Market Projected to Reach USD USD 40,243 million by 2030., Growing at a 22.97% CAGR: MarkNtel Advisors - Leading key players (GE Healthcare, Oracle Health, Allscripts Healthcare Solutions, Siemens Healthineers, Koninklijke Philips N.V., McKesson Corporation and Others)
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Ascom Holding AG Others Report – List of Tables Table 1: Market Size & Analysis By Revenue (USD Million) Table 2: Market Share & Analysis By Product Type Table 3: Real-Time Communication Solutions- Market Size & Forecast 2020-2030 (USD Million) Table 4: Data Integration Solutions- Market Size & Forecast 2020-2030 (USD Million) Table 5: Workflow Automation Solutions- Market Size & Forecast 2020-2030 (USD Million) Table 6: Enterprise Reporting and Analytics Solutions- Market Size & Forecast 2020-2030 (USD Million) Table 7: Care Collaboration Solutions- Market Size & Forecast 2020-2030 (USD Million) Table 8: Hospitals- Market Size & Forecast 2020-2030 (USD Million) Table 9: Ambulatory Care Centers- Market Size & Forecast 2020-2030 (USD Million) Table 10: On-Premise- Market Size & Forecast 2020-2030 (USD Million) Table 11: Cloud-Based- Market Size & Forecast 2020-2030 (USD Million) Table 12: North America Clinical Workflow Management Software Market Share By End User Table 13: Europe Clinical Workflow Management Software Market Size By Country Table 14: Competitive Outlook of Market Leaders Table 15: Company Profiles Overview of Key Players Report - List of Figures Figure 1: Global Clinical Workflow Management Software Market Trends & Developments Figure 2: Growth Drivers of the Global Clinical Workflow Management Software Market Figure 3: Challenges Facing the Global Clinical Workflow Management Software Market Figure 4: Regulations, Policies & Standards in Clinical Workflow Management Figure 5: Market Size & Forecast 2020-2030 by Region Figure 6: North America Market Size & Analysis By End User Figure 7: South America Market Outlook by Revenue Figure 8: Europe Market Analysis by Product Type Figure 9: Key Strategic Imperatives for Growth in Clinical Workflow Management Figure 10: Competitive Landscape of Clinical Workflow Management Software Market Looking for Regional or country-specific reports on this market? 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Asia Tech x Singapore 2025 Recap
Asia Tech x Singapore 2025 Recap

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Asia Tech x Singapore 2025 Recap

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IMDA has been working with global partners to develop practical and implementable frameworks e.g. IMDA's enhanced AI Verify Testing Framework now addresses GenAI risks and aligns with US NIST standards, streamlining AI governance across both markets. Singapore and US will spearhead the Global Cross-Border Privacy Rules (CBPR) Certification for businesses to facilitate trusted cross border data flows. This provides businesses with access to 9 economies with about 40 trillion in market size. Providing practical testing guidance and tools with AI Verify Foundation Globally, there is a growing need to test and prototype AI in real-world setting and the Global AI Assurance Pilot has brought together expert testers and companies from around the world to work through use cases. The pilot gained strong local and international interest. 16 specialist AI testers were paired with 17 GenAI deployers from 10 different industries. The valuable insights will influence global norms for AI. Announced on 29 May, IMDA develops first-of-its-kind Testing Starter Kit for Gen AI Applications, offering practical testing guidance for businesses developing or using GenAI apps. Open-sourcing practical testing toolkits such as the Testing Starter Kit help companies test the performance and reliability of AI models in their business context. Catalysing innovation to real-world deployment The regional-language LLMs developed through the National Multimodal Large Language Model Programme supported by IMDA includes the text-based SEA-LION LLM, and the multimodal MERaLiON LLM. Announced on 28 May, MERaLiON (Multimodal Empathetic Reasoning and Learning in One Network) developed by A*STAR Institute for Infocomm Research (I²R) is Southeast Asia (SEA)'s empathetic Multimodal LLM, designed to understand the region's diverse languages, cultures, and communication styles. MERaLiON's first version garnered over 90,000 downloads globally since its release in Dec 2024, attracting users from corporate research labs, media service providers, startups, and academics. MERaLiON Version 2 features upgrades like wider coverage of Southeast Asian languages, code-switching capabilities, being emotionally intelligent and paralinguistic understanding. These improvements pave the way for more intuitive and culturally aware AI apps in SEA. This would help businesses build products and services in SEA that are catered for cultural nuances to enhance their service and engagement with customers. Through such projects, Singapore and SEA can retain a distinct voice and identity in this digital age. A*STAR I2R and IMDA launched the new MERaLiON Consortium to harness expertise in the ecosystem, and forge partnership among organisations, end users, R&D, technology players to accelerate learning and adoption to develop practical AI apps (e.g. from multilingual customer support to health and emotional insight detection and agentic decision-making systems). For critical fields like healthcare – SingHealth, the largest healthcare group in Singapore, announced that Enigma, Singapore's agentic healthcare AI, co-developed by clinicians and AI scientists, signed Memorandum of Understandings with Roche and ST Engineering to expand the reach and use of Enigma. Frontier tech is making headway and Singapore is working with enterprises and talent to level up IMDA is working with enterprises to turbocharge their adoption of tech through initiatives tailored to their levels of digital maturity. By embracing digital, businesses can cut costs, enhance productivity, venture new product lines and markets. Last year, Singapore launched the Digital Enterprise Blueprint (DEB), a roadmap to help SMEs stay ahead of the curve by incorporating tech like AI, Cloud, Cyber Resilience into their operations. On 27 May, Singapore announced three new partnerships with Alibaba Cloud, Prudential Singapore, and ST Engineering Info under DEB to uplift the digital capabilities like AI, cloud technologies and cyber resilience. IMDA is enhancing its partnership with tech giants like AWS and Microsoft via the GenAI x Digital Leaders Programme to turbo-charge access to tech expertise/resources, advisory on projects, business impact and implementation support for digitally mature SMEs. In tandem, Singapore is meeting the growing demand for talent by training and reskilling tech talent. IMDA secured 400 job and training opportunities under TechSkills Accelerator where locals can take on AI Practitioner roles with leading companies such as AWS, Microsoft, Oracle, and SingTel. Announced on 27 May, IMDA is expanding the effort and partnering AI Singapore and leading companies to provide another 400 more AI Practitioner job and training opportunities for locals. These 800 new training opportunities aim to accelerate the pipeline of AI practitioners and enable locals to take on higher-value work in frontier companies. CONTACT: View original content to download multimedia: SOURCE Infocomm Media Development Authority of Singapore Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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