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Future-Proof Your Construction Business with New Age Technology

Subcontract Management Software

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.

As per the AGC report, 29% of construction firms prefer investing in the right technology to supplement worker duties. Besides this, 60% of contractors currently use advanced technologies, while the rest have plans to use construction technology by 2022, says CCI by USG and US Chamber of Commerce. The top three benefits that push them to invest in advanced construction technologies include a safer jobsite environment, improved productivity, and better project schedule management.

Source: CCI

The rapid evolution of the construction industry presents a significant opportunity to ensure smarter, safer, and faster delivery of projects. Most construction companies have already switched to the latest construction technology to gain a competitive advantage and streamline operations. If for some reason, you haven’t made the move yet, continue reading to understand the benefits and needs in detail.

How does digital technology drive the growth of the EPC industry for the better?

1.Mobile technology

With the availability of mobile technology, construction professionals and project managers find it easier to monitor the progress from any remote location. They need not visit remote construction sites necessarily to keep an eye on the project. This not only saves their precious time but also makes the work more efficient. Besides this, different stakeholders involved in the projects can also use mobile construction technology to check progress updates.

You can easily find mobile applications designed to help schedule various tasks, manage progress, and share the reports with the management teams.

2.Artificial Intelligence (AI) and Machine Learning (ML)

AI and ML algorithms have become the next big thing in the <ahref=”/epc/”>Engineering, Procurement, and Construction (EPC) industry because of the precise predictions they can make. You can also create reports that define the extent of work being done and how long it will take to finish the project, thus giving you a competitive edge. With the right algorithms, you can also identify errors occurring on the sites based on their size, location, and shape.

Smart apps, robots, and on-site sensors are good examples of construction technology advancements you can easily adopt.

3.Augmented Reality (AR) and Virtual Reality (VR)

AR and VR technologies have several use cases in the construction industry. On one hand, there are advanced simulators mimicking real-world physics to displays and letting project managers conduct virtual site walks. On the other, there is Building Information Modelling (BIM), allowing digital 3D representation of structures in place of 2D blueprints to ensure improved efficiency at work.

4.Real-time analytics

With the next-gen analytics, construction contractors can have easy access to the information that helps in analyzing timelines, costs involved, and potential issues that require adjustments. It can also provide insights into the preventive maintenance steps to be taken to make the structure more durable and improve the energy efficiency of the buildings.
Many big companies are now exploring the usage of green technology and real-time building analytics.

5.Customizable software solutions for construction management

As a part of the new-age construction technology, you can find software solutions that can help manage various aspects of the construction projects. For example, you can benefit from EPC progress monitoring for centralized project tracking, equipment management to prevent downtime, and document management for easy access to all construction documents.

Customizable construction management software also ensures project-related transparency and adherence to construction compliance.

Why should you upgrade your construction business with digital technology?

Construction technologies are vital for your business that is striving to stay ahead of the competition. It is more about leveraging the innovations to grow the business towards greater heights. Keep in mind that the adoption of digital technology can help your organization become more agile and productive.

Common misconceptions around adopting new-age construction management software

  • Adopting construction technology is enough

The truth is – it is only useful when you integrate it into the processes followed within your construction company.

  • Tech advancements should only be accessible by the higher-ups

This misconception can be ruled out from the very fact that all the hired workforce should be empowered with the construction technology for overall improvement in productivity and business decisions.

  • Advanced software are only meant for the millennials

Digital technology should not be generation-agnostic. Rather, you should make it accessible to all your staff members who want to benefit from it.

  • Construction management software can slow down the operation speed

The truth is – they do not. In fact, digital transformation will eventually pay off and enable your company towards a brighter future. It is also true that the adoption will involve a learning phase for the stakeholders.

  • You cannot teach how to use next-gen construction technology

No matter which tools you have been using for years to administer construction projects, continual learning is possible and necessary.

What else you can do to build a tech-savvy construction company?

Now that you have an idea about the benefits of digital transformation for your construction business, consider the following tips to get things started:

  • Start evaluating different construction management software

Every software has its pros and cons, which is why it is important to compare their features with your particular business needs (features covered below).

  • Analyse data and trends

Use the right digital technology to analyze trends in the construction industry and make informed decisions for the growth of your business.

  • Set the right goals for technology adoption

Since is a long-term process, make sure you set the right goals to guide you through the chaos and focus on what’s measurable and achievable.

Key features of construction management software to look for

  • Remote accessibility
  • Customizable solutions to fit your project needs
  • Automation of on-site and off-site activities
  • Easy tracking of material and equipment to and from the construction site
  • Easy to modify plans based on emergencies or weather issues
  • EPC progress monitoring
  • Equipment management to extend equipment life
  • EPC reporting
  • Cloud-based software access

Enter the future of construction with CEM Business Solutions

CEMBS, a certified Microsoft Dynamic 365 partner has successfully implemented custom digital solutions for the construction industry covering end-to-end processes used in EPC vertical. Some of the solutions provided by CEMBS are

  1. Automation of On-site & Off-site Processes
  2. HR & Payroll Software
  3. Daily Log & Attendance software
  4. Construction Management Software ERP

Wish to grow your construction business with new-age technology – Talk to CEM Business Solutions