A report released by the Australian Industry Group, Business Investment in New Technologies, has found that improved workplace safety is a major motivation for investment in new technologies - particularly among construction companies and manufacturers.

 

The report, based on a new survey of 540 business CEOs in the manufacturing, services and construction sectors, found business investment in new technologies is contributing to improved business performance through to higher productivity, ongoing product innovation, improved energy efficiency and better workplace safety.

 

The report estimated investment in new technologies in these sectors at $25 billion per year over the past three years. Close to 80% of respondents invested in new technologies over the past three years.

 

The full survey can be found at http://www.aigroup.com.au/policy/reports