Using an Excel spreadsheet for construction project management is still considered par for the course by many in the sector. For an industry, that has taken decades to evolve into a spreadsheet from paper records and estimates on blackboards, this might not be surprising. But there is a paradigm shift happening in the sector. Change […]
Workplace injuries and accidents are related to almost every type of job site. However, construction workers encounter safety hazards more frequently than any other workplace. Most of the constructions have risks related to machinery, chemicals, and building processes that can cause lethal injuries in the absence of construction safety mechanisms. Given below are some of […]
The rise in construction technology has helped fuel the growth of the EPC industry. With the availability of innovative solutions, there have been significant improvements in the efficiency, productivity, and safety of large-scale construction projects. As per the statistics, the is expected to reach the mark of $8 trillion by 2030. If you are a […]
Data, analytics, and business intelligence have started being discussed more in the construction industry as organizations witness the benefits other industries are realizing from these technologies. The construction industry that is already reeling under productivity shortages has realized that turning towards data and taking a data-driven approach towards decision-making, problem-solving and risk management may well […]
The evolution of digital technology has encompassed almost every industry. With different tools and equipment, construction project leaders work on finding ways to leverage construction technology and make the work more efficient. While the consumers might not be aware of it, most construction companies now address the increasing construction demands by adopting the latest technology. […]
Why Financial Systems Should Be the First Stop on the Digitization Journey of Construction Companies
A rather unusual, but unsurprising finding in a recent of finance teams outlined the predominant sentiment that “everything” about legacy financial systems is bad — software, workflow, and culture. Fundamentally, such viewpoints can be attributed to the lack of standardization and the adherence to a siloed approach that’s inherent in legacy financial systems. These systems are […]
Construction Project Management – An Overview Nations’ economic development and rising living standards of people are driving changes in the EPC industry. Further, rapid advancement in construction technology, digital solutions like Computer simulations, Computer-aided drawing (CAD), and skilled manpower – are all transforming the construction landscape. The construction industry deals with projects spanning agricultural, residential, […]
Most businesses today have operational or financial systems in place. However, these often exist in silos and while they get a specific job done, they are not well-suited to scaling business outcomes. This is because every business needs a consolidated view of performance across departments and units. This makes it essential to have a solution […]
The cloud has been a formidable technology to help businesses improve business outcomes. The cloud is driving productivity, enabling better collaboration, improving resource utilization, and reducing costs. Almost every industry today, be it healthcare, banking, retail, etc. is moving to the cloud to leverage the wave of efficiency it promises and to add competitive advantage […]
“When a Good Mobility Idea Becomes a Management Nightmare” reads the title of a blog posted by SAP in 2013. Fast forward to today, and it accurately describes the case for the over-enthusiastic application of point solutions in the construction industry. Given the rise and rise of mobile apps, we are starting to see more and more […]