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Construction Business Review | Monday, December 28, 2020
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Construction companies need to adopt new technologies if they want to mark their presence and stay ahead in today's competitive market.
FREMONT, CA: The construction sector has every potential to increase its value. Still, companies are facing a massive amount of pressure to survive in the competition while keeping control over the rising expenses. Nowadays, any manual process is not working, and the organizations are hoping to adopt the technologies that will help them to do more work in less time without exceeding their headcount.
Here are a few ways through which construction companies can update their processes and strengthen their productivity without adding headcount:
Streamline Back Office Processes
It is predicted that the employees at construction companies spend most of their time to do non-optimal tasks such as rectifying mistakes or search for project-related information. Such type of work can be time-consuming, and it might take more than two days, which the employees could have spent on priority activities that would have directly impacted profitability. If the companies want to free their employees from the mundane non-optimal tasks, they have to empower the team so that they can work smarter and not harder and also improve the back-office processes.
According to McKinsey, one reason for the reduced productivity of the industry is its dependency on paper to manage various processes and deliverables, such as blueprints, drawings, orders, invoices, progress reports, and punch lists. Papers can get quickly piled up, so to eliminate them will become an essential step in streamlining the process of back-office. Digital data will help in eradicating the paper and improve access to crucial information, that when shared accurately, will decrease errors and increase the speed of project delivery time.
Utilize Technology
There are various processes by which technology can help construction companies to manage their jobs and costs, but employees might be reluctant to accept new ways of working. However, the companies who have successfully invested in digital innovation and have embraced the support of technology are enjoying competitive advantages over the ones who resist them.