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An Assessment of Risk Associated wit...

Meno, Tsholofelo.

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An Assessment of Risk Associated with Digitalisation in the South African Construction Industry.

Record Type:	Electronic resources : Monograph/item
Title/Author:	An Assessment of Risk Associated with Digitalisation in the South African Construction Industry./
Author:	Meno, Tsholofelo.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2020,
Description:	191 p.
Notes:	Source: Masters Abstracts International, Volume: 82-05.
Contained By:	Masters Abstracts International82-05.
Subject:	Business administration. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28278398
ISBN:	9798691235207

An Assessment of Risk Associated with Digitalisation in the South African Construction Industry.
Meno, Tsholofelo.

An Assessment of Risk Associated with Digitalisation in the South African Construction Industry. - Ann Arbor : ProQuest Dissertations & Theses, 2020 - 191 p.

Source: Masters Abstracts International, Volume: 82-05.

Thesis (M.Tech.)--University of Johannesburg (South Africa), 2020.

In recent years, globalisation, international trade and industry competition have become a part of the construction industry's operative. In this regard, time and space are progressively diminishing as obstacles to deliver customised and best services to clients at constrained budgets and time frames. All these deliverables call for an innovative approach in conducting business with effective communication being a key to its success. It is for this reason that digital methods and processes are slowly becoming a requirement for any construction company in South Africa to keep abreast with competitors in the same market. Digitalisation is the term used to describe the optimisation of information that has been digitised to improve business operations. Companies around the globe are considering this digital transition in order improve bottom line figures. However, the introduction of digital methods that threaten processes that have been working for years is perceived as a risk. Previous research studies outline a wide range of benefits related to the implementation of digital technology in the construction industry; however, studies do not highlight the inherent critical risk factors. This reveals an information deficit, which this study sought to fill. This study therefore assessed risks that are related to digitalisation uptake in the South African construction industry. In pursuit of this, a quantitative approach was adopted with questionnaires used as the instrument for data collection from construction professionals in the Gauteng Province. The data gathered were analysed using descriptive inferential statistics such as percentage, mean item score, and factor analysis, while the reliability of the questionnaire used was tested using the Cronbach alpha test. The findings of the study revealed that digitalisation in the South African construction industry has only taken place on a basic level, primarily through the use of mobile phones and computers. The more intricate technologies featuring IoT, virtual/augmented reality, automation and similar technological tools have not yet been explored. If a holistic adoption of these digital technologies is achieved, findings revealed that construction organisations will enjoy specific project, company and site-related benefits. However, the critical risk factors associated with digitalisation are human and financial risks, technological risks, legal and security-related risks, operational risks, and socio-economic risk factors. The study further recommends that digital technology should be taken in bite sizes since the complete replacement of tasks with machines will exacerbate the socio-economic issues of this country. Re-skilling will counter the effects of job losses in areas where certain functions are at the risk of obsolescence. Companies should provide funds to educate and train staff for alternative skill sets when tasks are replaced by machines.

ISBN: 9798691235207Subjects--Topical Terms:

3168311
Business administration.
Subjects--Index Terms:

Risk assessment

An Assessment of Risk Associated with Digitalisation in the South African Construction Industry.
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