You would never ask your personal trainer to create a workout plan based off the notes from your nutritionist. Why? Each profession is unique and asking a professional to perform a task specific to a related profession is undesirable. The same argument holds true for the construction sector too, especially when it comes to technology.
Today’s construction professionals are finding ways to leverage their technology to stay competitive, and rightfully so. Research by the McKinsey Global Institute indicates that digital transformation can result in productivity gains of 14 to 15 percent and cost reductions of 4 to 6 percent. However, since the construction industry is filled with complex projects, these new technologies are often specialized. Translation: This needs able hands to steer them.
While your software may be connected, each software operates for its benefit – not for the benefit of the entire enterprise. When a software isn’t using the same metrics or is operating within the same performance management software as another, it increases inefficiencies within your company, and results in a “silo effect”.
When it comes to digitizing your systems, the silo effect leads to:
- Miscommunication
- Duplication of work
- Wasted time
- Inefficient reporting and data
- Unreliable facts and figures
- Lack of coordination
- Mitigated risks
- Cost effective
- Improved communication and reporting
- Improved management and maintenance
- Easily share communication among departments
- Improved security
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