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Emerging technology in construction – risks and opportunities

New and emerging technologies are presenting the construction industry with a broad range of transformative opportunities for enhanced business growth, operational efficiencies, and much more.

New and emerging technologies are presenting the construction industry with a broad range of transformative opportunities for enhanced business growth, operational efficiencies, and much more. However, with these new opportunities come new challenges and risks.

The continued integration of new products, practices and processes will see construction industry business’ risk profiles evolve over time. As they do, risk adaptation and mitigation measures should also respond in turn.

Below we have collated a broad range of emerging technologies materials – including some initial Marsh Construction insight into a number of new advancements and their associated risks as well as authoritative third-party content – to give a rounded view of how the construction industry might change in the future.

We understand that there is no prescribed short- or long-term roadmap for the construction industry’s adoption of new technologies which will vary by trade, scope of project, and technology maturity of construction stakeholders, amongst other considerations.

As such, we continue to work with tech developers, suppliers, and insurers to find ways to support construction companies manage and mitigate their risks, and look forward to sharing our latest insights with you in the future. 

Construction technology functional map

Brochure

C-Tech Club

In its 2025 Catalogue of Construction Technology Types, C-Tech Club showcases some of the leading providers of more than 30 types of construction technologies. These state-of-the-art solutions are organised into a functional map – split into nine business functions as well as a ‘golden thread’ showing how the various technologies can best be made to work together.

Trends and tech insight

Brochure

Deloitte

Drawing on a survey of almost 900 businesses across the Asia Pacific, this report highlights that digital transformation across the construction industry is gathering pace, with technologies such as Building Information Modelling (BIM), Artificial Intelligence (AI), data analytics and cloud management software transforming how the industry operates. 

Article

Smart City Solutions

Swarm robotics is revolutionising urban construction by deploying AI-driven robot teams to tackle labor shortages, speed up timelines, and reduce costs in megaprojects.

Article

New Civil Engineer

Emerging technologies such as artificial intelligence (AI) and exoskeletons could halve injuries relating to musculoskeletal disorders (MSDs), a report has found.

Internet of Things

Video

Marsh

Internet of Things (IoT) solutions – devices with sensors and other technologies that collect and exchange data to allow for a more efficient building process while mitigating risk – are becoming more commonplace in the construction process.

In these two videos, we talk to IoT specialists about how companies can select the technology providers and partners that best suit their needs.

Generative AI

Article

McKinsey & Company

Nearly eight in ten companies report using gen AI—yet just as many report no significant bottom-line impact. This article unpacks the “gen AI paradox.”

Article

McKinsey & Company

Strategic alliances are a must for companies looking to build value from generative AI. But approaching them like traditional vendor arrangements won’t work.

Podcast

Marsh

Generative AI can present transformative opportunities for enhanced business growth, operational efficiencies, and much more. However, as with other emerging technologies, generative AI also presents challenges and risks.

In this episode of Marsh’s Risk in Context podcast series, Jaymin Kim, Senior Vice President of Emerging Technologies with Marsh's Global Cyber Insurance Center, speaks with Ravin Jesuthasan, Global Leader of Mercer's Transformation Services business, and David Stone, Office of the CISO at Google Cloud.

They explore some of the latest trends in the generative AI landscape, the potential impacts on work and the workforce, and the risks and opportunities that organisations should consider.

Article

Marsh

At Marsh, we help organisations understand, measure, and manage generative AI risks. From our initial conversations with risk managers, we noticed that three myths in particular were often raised, and so we decided to create a series of articles to debunk them. 

First, we looked at who in your company “owns” generative AI risk. Next, we considered generative AI risks beyond cyber and technology exposures.

Lastly, we explored the perceived need for new, standalone AI insurance policies.

Cyber risk

Article

Marsh

As cyber threats evolve and increase, it can be challenging for organisations to determine where to focus their limited cybersecurity resources, including insurance, to best support their resilience strategies. This new report shows how Marsh McLennan is using the ever-increasing amount of available cybersecurity data to help companies better understand, measure, and manage their risks.

Article

Marsh

According to a recent SecurityScorecard study, at least 29% of all breaches were attributable to a third-party attack vector, meaning the core risk originated outside of the organisation. Of these, 75% involved software or other technology products and services, with the remaining 25% stemming from non-technical products or services. These statistics highlight the digital interconnectivity across the supply chain — and the risks inherent within those relationships.

Managing risks

Webinar

Marsh

The construction industry is undergoing rapid transformation, and construction firms are increasingly relying on innovative and emerging technologies to scale faster, adapt to changes, enhance digital asset awareness, and ensure compliance with partners.

During this webinar, our Marsh Canada experts explore the rapidly evolving world of technology in construction and delve into what risks are emerging that should be mitigated now.