Interest rate increases and inflation hit the Swedish economy hard. As a result, construction and civil engineering company Peab had to assess projects more rigorously, with strategic IT investment at the center of every decision. CIO Klas Antoni explains. Credit: Peab The construction industry was one of the first affected by Sweden’s recent economic deterioration, and housing construction has also slowed down over the past year. “We notice the macroeconomic effects with both cost inflation and higher interest rates,” says Peab group CIO Klas Antoni. “That means we generally have an increased cost focus now and are keen that investments in IT are made in the right places and in the right way so we get results within a reasonable payoff time.” This means, among other things, an increased focus on impact recovery, and that projects and various development initiatives are prioritized with more scrutiny. “We’re more short-term oriented,” he says. “The business has to adapt more quickly because we have a little less patience, and we have to push out new things in a little less time.” Difficult processes to digitize If you look at the industry more long-term, it’s long been singled out for having a low […]
Digitizing in tough times: ‘Support users, not systems’
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