Digital awakening of the construction industry
Dec 01, 2021
Digital Awakening
Challenges in the construction industry
2 main challenges preventing the construction industry maximizing profitability:
- Delays
- Cost overruns
With so many innovations that have the potential to transform the industry, from drones, robots and 3D printing to BIM and digital twins, one challenge for companies is to know where to focus their digital investment. Improved digital construction practices and tools can help bring projects in on time and on budget by making everyone involved more productive and eliminating mistakes.
And for the ones who have taken up the challenge, they are realizing several benefits such as:
- increased operational efficiency
- lower costs
- improved coordination between project delivery teams and much more
There is a role for digital construction throughout the entire construction lifecycle of a project, from concept through to completion.
The benefits of digital construction
For client, and for everyone in the supply chain.
Using a digital workflow
For contractors:
- Everyone involved is working in the same direction
- Issues can be detected early and resolved.
For other parties and subcontractors
- Knowledge of what they need to deliver where and when, which helps everyone fulfil their role on time and on budget.
On completion of a job, a digital handover can be feedback to the project manager for the work to be signed off and paid for.
Most improved project lifecycle phases thru digital transformation:
Digital Investments in the construction industry
What are the biggest areas of digital investments the construction companies are investing in 2021?
- BIM
- CLOUD TECHNOLOGY
- MOBILE APPLICATION
- DRONES
- IOT ENABLED EQUIPMENT
- AUGMENTED REALITY
- GENERATIVE DESIGN
- AUTONOMOUS VEHICLES
- 3D PRINTING
Conclusion:
Digitalizing the construction industry:
- Reduces the level of expensive human error in Execution.
- creates a safer working environment by eliminating the need for workers carrying out tasks around the machinery, which can be high risk.
- improves efficiency with new, simplistic digital ways of working.
Digital construction delivers huge benefits for everyone involved in the industry.
Through the adoption of digital tools, the industry will benefit from increased profitability by working
more efficiently, as well as making the workplace safer for everyone involved.
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Thanks for reading, and be sure to regularly check in on our blog for best practices in the industry to grow a construction business profitability and efficiently.