Digital transformation in Construction Industry

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In the construction industry, there are several barriers that keep companies from digital transformation. Many construction projects are planned on paper, which creates a disconnect between field and office, and construction professionals must align on the process, technology tools, and learn new technical skills.

Yet investment in construction technology has doubled in the past decade. The most innovative construction companies are choosing technology partners that provide intuitive tools that every team member can use to collaborate more effectively — keeping projects on track and on budget.

The right technology platforms position enterprise to stay competitive, grow revenue — and provide tremendous benefits to owners, investors, project planners, and the subcontractors and workers they hire to execute. We call it project controls.

Project Controls is a process that encompasses the resources, procedures, and tools for the planning, monitoring, and controlling of all phases of the capital project lifecycle. This includes estimating, cost and schedule management, risk management, change management, earned value progressing, and forecasting.

5 construction industry trends driving digital transformation are:

–               Increased pressure to finish faster and cheaper

–               Focus on proactive safety

–               Improved collaboration

–               Lapse in real-time communication

–               Embracing automation

Emerging construction technology isn’t just a fad or a fun new toy. There are real, practical applications and benefits to modernising your current processes. Construction companies want to remain competitive and not be left behind, they are finding ways to integrate new approaches into their strategy and workflows.

These cutting-edge technologies in construction are drastically changing how the industry operates and how future projects will be performed. Like, Cloud-based systems provide easy, secure access from anywhere. Configurable solutions adapt to how you manage your processes and business. A modern system provides forward-looking insights and connects cost, schedule and scope.

With no doubts, 2019 is expected to be a breakthrough year for the construction industry. A data-driven sector with an emphasis on collaboration and real-time communication is hopefully around the corner. The construction industry is under a significant paradigm shift. The experts believe we can expect to see the most noteworthy trends in the construction industry next year.

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