Digital Transformation in the Construction Industry
When it comes to embracing technology, the construction industry has been notoriously slow. But innovative technologies are now being developed to meet the specific needs of the industry. Construction companies increasingly use these new software solutions and tools to enhance productivity, streamline processes and improve the bottom line.
As construction demand grows, so does the need for construction technology that can increase productivity. In fact, research shows that technology can improve productivity in the construction industry by 30-45%. Construction technology and project management solutions, like enterprise resource planning (ERP) software, help companies manage day-to-day tasks more effectively, improving operational efficiencies and boosting productivity.
How Digital Tools Boost Construction Productivity
1. Improved Communication & Collaboration
Miscommunication can cost construction projects a hefty amount. Construction technology and project management software can improve communication between all stakeholders and dramatically improve productivity. Using cloud-based software on-site makes it easier to communicate and collaborate more efficiently and effectively with all relevant stakeholders, with real-time input.
2. Real-time Access to Data
The construction industry relies on effective communication as well as collaboration between office-based staff, onsite employees, project managers and stakeholders. Access to real-time data enhances productivity by enabling better, more accurate decision-making.
3. Digitised Documents
Paper documents, forms and spreadsheets cost you time and money. Digitising documentation reduces human error, such as lost documents or inaccurate entries. It improves security for sensitive information and helps to prevent regulatory breaches. Digitising documents and forms makes it easier for authorised users to access them from a centralised location and know that they are working with the latest version and the most up-to-date information.
Construction project management software enables project managers to manage timekeeping processes easily, at any time and from anywhere. Onsite managers, supervisors or workers themselves can enter time and submit for approval on a laptop, mobile or tablet – some solutions incorporate dropdown lists, to reduce error and speed up data entry. The data can then be accessed by human resources staff and seamlessly integrated into your payroll system, automatically updating relevant Contract and GL Ledger costs. This approach eliminates many of the errors and inefficiencies associated with paper-based systems.
5. Regulatory & Contractual Compliance
Construction companies must meet various requirements and submit documentation to achieve regulatory compliance. Using construction technologies on-site enables you to complete the required documentation in a more accurate and timely way. With information management software, all your digital photos, videos and webcam footage can be stored in a centralised location, ready for quick and easy access by authorised users.
Digital technologies for the construction industry are a must for improving productivity and profitability. With so many construction technology solutions and tools available on the market, finding the best fit for your business may seem like a daunting task.
RedSky’s ERP is the ideal construction software solution. There are options to pick and choose what your business needs or run the entire solution fully integrated, as well as, choices for interoperability with other solutions. You have at your fingertips all the tools you need to manage day-to-day operations in real-time, from timesheets and payroll to procurement and documents.
When you’re ready to take the digital leap to boost productivity, let us help. Learn more about how RedSky’s construction ERP solution can improve your profitability by requesting a demo. You can also get in touch through our contact form or by giving us a call at +44 020 3002 8600.