Real-time access to information and collaboration capabilities could transform the entire construction industry.
All of our lives are affected by the construction industry every day – from our homes, to our schools, to our hospitals. Industry has built the world we know it, and it is creating the infrastructure we need to support a rapidly growing population.
The construction sector has invested in technologies to support this growth for some time, such as robotics, 3D printing and artificial intelligence. Yet construction has not experienced the same productivity gains from technology as other sectors. Why?
I’ve worked in the construction industry for most of my life, and one thing has never changed: The success of each project depends on how well everyone on the team communicates and collaborates. Most of the available technology focuses on a few pieces of the problem without solving the main challenge: linking all the people, systems, and data to provide a single source of truth.
The need for effective connections and efficiency has grown exponentially. Today, the industry is facing increasing regulatory and contractual complexity, supply chain disruption and a scattered, mobile workforce – all of which demand greater communication. These challenges are compounded by the shortage of skilled workers. This puts even more pressure on an industry that is already low-margin and high-risk.
No matter what the industry faces, it will find a way to make it happen. There will always be a need to build new infrastructure, homes and hospitals. Growth begins with connecting everything and everyone in one place.
Construction companies are realizing their full potential
Take HBS Group Southern, a leading UK building service specialist. this is Unlocked real-time insights into project performance In over 50 projects, each of which has between 50 and 600 different plots in multiple phases and over 150 sub-contractors, electricians, plumbers and apprentices in different locations. In the midst of a volatile market, think about the costs saved by being able to accurately forecast the material requirements in these jobs.
Likewise, consider what it means to be able to swissrock. Use a single, centralized platform to streamline workflows and standardize processes. Swissrock regularly saves weeks of administrative work and produces high-quality builds, which has increased the referral business and increased revenue by 300 percent for three consecutive years.
For small and large companies alike to realize these efficiency gains and scale to meet global demand, teams must be empowered with actionable data, and equipped with the technology that puts their data to work . According to McKinseyCombining and analyzing data is one of the most important ways to unlock greater productivity.
The opportunities are virtually limitless with this data, but I’m particularly excited about a few areas:
Dismantling of information silos in the pre-construction phase is essential for accuracy and visibility into project performance. Every stakeholder should have access to the same information. This, for example, enables the estimating team to efficiently develop and win competitive bids or price changes, while the project team is not adversely affected by outdated information or lost information during handoffs from the pre-construction team. Will be
2. Collaborative and Efficient Design
Innovation in building information modeling (BIM) has allowed construction professionals to track, manage and collaborate on all 2D and 3D designs, thus eliminating confusion and redefinition in the field. For example, Josh Soules, foreman of North Mechanical Contracting, said: “At Procore, access to elevation drawings on the fly is just another tool that enables me to do my job more efficiently.”
3. Ongoing Cost Management
Cost management is at the top of all construction companies as they grapple with demand and the changes brought on by the pandemic. Building a bridge between expenses and reconciliation costs is a responsibility shared by all, and connectivity is important as different parts of the business unite to maximize profits. Success requires all stakeholders to come together on a single platform for transparency, collaboration and control.
Efficiency is an urgent, global issue as a result of connectivity in manufacturing. When communication is seamless and decisions are based on accurate information, productivity increases. It will transform the construction industry so that it can better scale to an ever-increasing global population and an insatiable demand for infrastructure.
learn more Read about how Procore is advancing construction by improving the lives of people working in construction, fostering technology innovation, and building a global community of groundbreakers.
basically . Published on business reporter
Credit: www.independent.co.uk /