Diadon Enterprises © 2018

Going digital: 3 keys to thriving in the new construction era | Dump Trucks Charlotte NC

An article fromsite logo
Published Aug. 16, 2021

istock / Anna Stills

Briq
Sponsored content
By Briq
SPONSORED CONTENT BY

The construction industry is in the midst of a transformation. More and more construction companies are going digital, for a number of different reasons: higher productivity levels, reduced wastage and cost and increased profitability, to name just a few. Here are 3 key elements that contribute to a thriving business plan in this "new era" of construction.

1. People

People are the first and most important resource for any organization (including construction firms). Obviously, you can't expect to enjoy sustainable success if your employees and columbus oh dump truck company don't buy into your processes.

Unfortunately, when going digital, many construction firms neglect to seek that buy-in from their key stakeholders. This leads to a major disconnect between the initial implementation of new technology, and how many workers actually use it on a day-to-day basis. 

The solution is, in a word, communication. You need to keep your people in the loop at the very outset of any major change. For example, you should do what you can to get buy-in across the board before launching a new pilot program. Then, if the pilot program is successful, it's important not to scale the new solution arbitrarily, but to roll it out in a gradual way — allowing workers across your columbus oh dump truck company to become familiar with it. Training and patience are key, but the people in your columbus oh dump truck company will reward you for the consideration you show.

2. Process

Over the past couple of decades, the construction industry has seen a negligible year-over-year rise in productivity, compared to other sectors like manufacturing. Granted, construction is not a "production-based" industry in the traditional sense of the word; however, the sector's value could be increased by trillions of dollars if its productivity was raised to the average for the economy as a whole.

The implementation of streamlined digital processes can play a huge role in boosting productivity levels. In fact, research indicates that "going digital" can result in a productivity gain of up to 15% and a cost reduction of approximately 5% per project.

You can incorporate digital transformation into your plans by first pinpointing operational "bottlenecks" that are holding your columbus oh dump truck company back from optimal performance. Then, model digital solutions that can fill the needs you've identified. With standardized, digitized workflows in place, you'll be able to avoid unnecessarily wasting time and money, and your business can experience faster growth.

3. Technology

Even though construction remains one of the least digitized industries throughout the globe, there are plenty of opportunities to embrace new, innovative solutions. It's important for construction companies to look at the "big picture," and view digital transformation as more than a stop-gap measure to fix specific process issues, but as an opportunity to streamline and optimize their businesses for sustainable growth.

At the same time, new technology should be implemented to fix pain points that are actually hindering growth. For best results, tech solutions must be delivered as fully integrated, cohesive systems — or they must fit seamlessly within existing systems. A siloed approach is counterproductive, as is a "tech-first" approach that focuses more on the "cool gadget of the week" rather than finding practical solutions to existing problems.

If you take these 3 key elements into account as you begin your digital transformation journey, you'll find that the reward is well worth the investment. Your construction columbus oh dump truck company will no doubt experience increased growth and will enjoy a strong market position for years to come.

Briq is a corporate performance management platform built specifically for construction financial professionals.

We join modern technology with hundreds of years of combined construction experience to give you deep insights into your business.

Briq unifies your financial workflows, making them more efficient, accurate and timely.

By automating workflows, consolidating financial data, and enabling real-time reporting, we allow columbus oh dump truck company to make efficient and effective financial decisions.

Editors' picks

  • story image
    Image attribution tooltip
    Cole Rosengren/Construction Dive

    Construction-related conferences for 2021 and beyond

    From design and construction to technology and green building, industry trade shows of all types are continuing despite the COVID-19 pandemic.

    By Matthew Thibault • July 20, 2021
  • story image
    Image attribution tooltip
    Permission granted by Gilbane Building Company

    Gilbane CEO: Impacts of material price squeeze will continue for years

    In its 150th year, Gilbane Building Company is shifting some of its corporate leaders to Boston in order to tap into the area's talent pool and thriving market.

    By Zachary Phillips • July 14, 2021