Digitization is gaining popularity across various industries such as manufacturing, logistics, and oil and gas, to name a few. It has enabled businesses in these sectors to carry out operations efficiently, resulting in higher productivity, and consequently, increased profits. The construction industry, however, has seen relatively low adoption of digitization when compared with other industries. But things are changing now. Here’s a look at the current state of digitization in the construction industry.
The changing dynamics of the construction sector has led to increased adoption of digitization. Some of the factors that have contributed to the increased adoption of digitization in construction include:
The expectations of customers have changed significantly in recent years. When individuals are looking to purchase a new property, they are now looking for highly customized homes. Homes, offices, and other properties where individuals spend their time on a daily basis are expected to make their lives feel ‘connected.’ They want real-time information about their homes and office spaces, even if they are not physically present.
The evolving customer expectations have given rise to the adoption of IoT devices that help individuals get real-time information. Users are also able to carry out most of the tasks simply by interacting with IoT devices. For example, IoT devices like a smart thermostat can monitor and adjust the room temperature automatically, according to the family member. Similarly, other authorized individuals can access real-time information about the thermostat setting remotely. Even more, such devices can be controlled remotely, allowing users to adjust their thermostat so that when they reach home, the room temperature is to their liking. Similarly, other IoT devices can be used accordingly and have contributed to enhancing the user experience.
A new generation of leaders has emerged not only in the construction industry but across all sectors. The startup culture, led by young entrepreneurs, is flourishing and is seeing significant growth. These dynamic young entrepreneurs are technologically-aware. They very well realize the benefits of various technologies. And they have embraced technology in multiple forms. Advanced technologies such as artificial intelligence, machine learning, and computer vision are seeing prominence and rightly so. These technologies can be utilized in multiple ways, such as in IoT devices, and these technologies help streamline many work operations in the construction industry. These technologies are easily accessible and can even be used on mobile devices across various mobile operating systems. The adoption of digitization in the construction industry is only expected to grow further with new startups entering the construction industry every day.
There have been significant advancements in hardware and software over the years, in general. It wasn’t long ago that we had clunky black and white display mobile devices, and now we are bombarded with mobile phones that can display around a billion colour combinations. Similarly, advancements in technologies have enabled construction companies to streamline their work processes significantly. It has helped improve collaboration between teams and employees working at construction sites and offices. The growth of digitization in the construction industry can be attributed to advancements in technologies such as artificial intelligence, which has given rise to predictive analytics that has helped construction companies to better forecast project outcomes. Similarly, computer vision has made it easier to monitor construction sites remotely. And the biggest factor being the wide availability of mobile devices and the growth of mobile apps that have brought mobility. Individuals can get any information they seek at their fingertips at any time of the day.
The penetration of digitization in the construction industry has brought along with it a plethora of benefits. Here’s a look at some of the major benefits the construction industry has witnessed.
Digitization has enabled us to manage projects through mobile and desktop web-based apps easily. Moreover, apps with artificial intelligence capabilities can automatically allocate resources and define the time period for completion, depending on the task. These apps also help to monitor the work progress in real-time and can also send alerts to authorities if a task is running behind schedule or is seeing financial overruns. Thus, every bit of information is available within the app and project management is significantly simplified.
The construction industry has teams at office and at construction sites, and employees need constant communication and collaboration to ensure work moves smoothly. However, employees always have faced a communication gap, which has led to arguments between employees and resulted in work delays. Digitization helps improve communication as it provides tools for real-time collaboration and data updation. Employees can check the timely progress of tasks and carry out risk assessment at the earliest.
Naturally, improved communication results in fewer delays. This means that your projects are progressing as planned. This helps save costs associated with delayed projects. It helps prevent cost overruns as tasks can be carried out with the highest efficiency. Digitization tools also help to efficiently allocate human resources for the tasks and results in improved productivity. Efficient human resources management, too, contributes to the financial savings for the company.
Digitization has made its way into the construction industry and is here to stay. It is expected to penetrate the sector even further, paving the way for tremendous growth for the sector. Companies involved in the construction sector should embrace digitization at the earliest if they have not done it already. Otherwise, they risk losing out on competitors. To know various methods in which you can adopt digitization at your workplace, feel free to contact us.