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Top Technology Trends in the Construction Industry

08/09/2018

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The economy is boosting. Unemployment is down and salaries are up, prompting another boom in the construction industry. This economic growth has made the construction industry to turn to technology to help make their operations more efficient and safe. Read on to find out how technology is changing the way we build.

Trend #1 - Improving operational efficiency with ECM

Construction projects can be very complicated, disjointed projects. With huge teams working together, it is more important for these people to have the information and documents necessary to their tasks. Disconnected systems and scattered documents are often “enemy number one.”

Many construction industries look to standardize practices and improve communications across their departments, and Content Services or Enterprise Content Management (ECM) can help achieve that. Our clients have experienced huge success and can manage more projects than ever before. Some companies experienced rates of civil projects won up to 30-40%, with increased overall projects because they are much easier to manage.

With Content Services, such as OnBase by Hyland, construction companies can now:

  • Scale their solution across corporate and branch locations while managing information in a central repository
  • Promote faster inter-departmental processing, allowing staff to make better, more informed decisions
  • Provide users with mobile access to information on their phones and tablets, allowing them to work on projects no matter the time or their location

Trend #2 – Big Data

As AI and machine learning software technology advances and becomes more readily available, construction companies will be able to use a combination of internal and external data sets to predict future outcomes on projects. Data analytics will help firms determine the most profitable projects to pursue and how to manage them efficiently. This will allow them to improve quality and increase productivity by shortening construction times, lowering costs and reducing risks.

Trend #3 - Virtual Reality

Virtual reality is one of the most important emerging technologies and continues to make great strides. Construction industries have been leveraging virtual reality for years through the Building Information Modelling process since 2015, providing a way for companies to take their client’s on a virtual walkthrough of the property before actual building.

VR is also making its way onto the health and safety training sites, helping companies make their organizations safer than ever.

Trend #4: On-the-Go Mobile

Many platforms offer mobile optimization, automatically tailoring desktop views of your document database for different devices from laptop to tablet and smartphone. Teams on the field are granted untethered access to their business documents and workflow functionality, no matter where they are. Additionally, when users are on site with customers, documents pertaining to the client can be instantly accessed for improved consultations.

Are you a construction executive looking to take your business to the next level? Contact us today to see how we can help.