Snobal Profiled as a leading Australian tech company transforming construction sector in industry report

October 25, 2017 in news



Snobal Profiled as a leading Australian tech company transforming construction sector in industry report
Last night Digital Foundations: How Technology is Transforming Australia's Construction Sector was launched in Melbourne with Snobal profiled on p.16 as one of the leading Australian technology companies transforming the construction sector. [su_spacer] The report was produced by StartupAus in collaboration with Aconex, Lendlease, EY and the Victorian Government. [su_spacer] Our key takeaways from the report? [su_spacer] + Construction operates with some of the thinnest profit margins of any industry. These companies have large and complex legacy systems with change requiring significant time and investment as well as appetite for innovation. [su_spacer] + Startups are looking to providing technological additions that help improve existing businesses and processes and help overcome some of the "enduring" challenges of this complex sector. [su_spacer] + Startups can add massive value to established players. Within 10 years in the "Australian construction sector, the potential added value increase (of digitization) could be $25 billion year on year...". [su_spacer] +Larger players are currently proactively exploring how to change with "significant market opportunity for some of Australia’s most promising startups...". [su_spacer] You can download the full report here.