Analysing technologies through an economic lens
Our economists developed specific applications of the five technologies to develop something tangible that could be evaluated for economic impact. The analysis identified the most feasible, highest-impact technologies and the key actions to support industry adoption. This provided a clear picture of how each technology could be implemented, showing potential economic impact and relative adoption costs, including workforce retraining, technology development, and capital investment.
Key findings included: robotics offers the greatest potential impact but requires significant investment, geospatial technologies are a low-cost, more attainable near-term opportunity but measures lower benefits.
Underscoring the scalability of each technology also provided valuable insights, for example, the use of artificial intelligence in school construction could generate $9.3 billion in economic impact by 2055 if expanded across the entire infrastructure portfolio.
The analysis also identified common actions to support the successful adoption and impact of these technologies, including, building industry readiness, workforce skills, informed procurement practices, technology development, and establishing robust governance and regulatory frameworks.