According to McKinsey & Company, many construction companies are incorporating new technologies into their routines. Most of these efforts focus on digital collaboration software tools. As a result, finding the latest construction technology is more of a priority. In this guide, we discuss the features that notable construction technology should encompass, as well as how these technologies impact construction businesses regarding alignment and value.
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New technologies allow construction companies to organize and share data within teams, as well as to owners and other stakeholders. This helps save time while simultaneously boosting productivity because there is no longer a need to spend time looking up or verifying information.
By embracing the power of syncing and using data integration, commercial construction businesses are running more efficiently. Because they no longer need to re-key data, there is a reduction in errors. Projects can run more effectively because everyone who is working on it has access to the critical information they need.
Enabling your team members and other stakeholders to have access to critical data allows for seamless productivity and efficiency. Giving these individuals access to information about the project's scope, materials, and timeline means that immediate changes or other data exchanges can occur.
Examples of efficiency and productivity technologies include:
While CRM (customer relationship management) construction tools are critical to any company in the industry, integrating devices to allow for optimal communications among teams is also vital. The utilization of better communication strategies means construction managers are implementing tools that enable team members to "talk" to each other digitally in real time. This prevents the need for on-site meetings because everyone can communicate, no matter their location.
Team members often need to collaborate on cost estimates and other documentation, and they can do so quickly using virtual technology. That eliminates the need for time-consuming face-to-face meetings. Team members working in real time reduces turnaround time and helps projects finish on schedule.
Embracing better communication strategies through the use of the latest construction technology also empowers those who are unable to make it to job sites. For example, a construction manager might be working on one site but needs to have a meeting with their crew or other team members on another site. Through the use of communication technologies, they do not have to waste time traveling from one job site to another to address issues or provide updates.
Examples of such communication tools include:
Reporting technologies allow construction managers to create data-driven reports during the cost estimating and bidding process. Beneficial features of using this latest construction technology include the use of reporting technologies that allow for better decision making.
Those who have access to this data can see key findings that do not stand out on standard reports. It is possible to reduce errors and have better organization because all the data is in one centralized location.
Examples of technologies that help reduce errors include:
Align your construction business with the latest construction technology to embrace the potential for growth. The benefits of aligning your business with construction technology include:
One benefit of receiving better data insights is that as construction managers look back on past projects, they can see patterns that allow for improvement. For example, if there were issues with a vendor or contractor, they can see that data and prevent such problems from happening again.
Examples of technologies that aid in growth opportunities include:
Experiencing improvements to efficiency and productivity, better communication strategies, and error reduction and organization and embracing growth opportunities are a few of the benefits of embracing the latest construction technology.
ProEst is a proactive approach to helping commercial construction companies understand what the latest construction technology can do for their company alignment and maximize company scalability to help your business flourish with a profit increase.
To learn how your commercial construction company can increase its profits through company-wide alignment using the latest construction technology, contact us today to schedule a 1-on-1 walkthrough with one of our specialists!