How Technology is Reshaping the Construction Industry?

How technology is reshaping the construction industry

Technology has successfully touched every walk of our lives. Whether it is online marketplaces, housekeeping services, rentals or healthcare solutions apps, everything has leveraged the power of technology. Similar has been the case for the construction industry as well

Gone are the days when construction sites were managed by the supervisors and managers who kept manual records. As the construction projects grew larger with long-term engagements, managing every activity and keeping everyone on the same page has become challenging by the day.

The scale at which the construction industry is working currently, where multiple projects are on the floor simultaneously with tight deadlines, managing everything efficiently is a humongous task.

Given the fact, there are a lot of activities involved in a single construction project, there is a strong need to streamline the whole process for better efficiency. This is where the technology has played its part, reshaping the construction industry, taking it to new skyscraping heights.

From the drawing markups to the supply inventory of the materials, everything has to be maintained and well circulated for a seamless construction process.

Technology has started to transform the construction industry, taking one step at a time. Let us explore how various sectors of the construction industry are embracing technology and taking a new shape.

Productivity

Construction is a multi-stage process, which requires expertise and synchronization at every step. It involves multiple teams of people who contribute at every stage to make sure the whole process meets the deadline and quality standards effectively.

With the large volumes of investments in the real estate industry that is growing by the day, construction has become a significant industry in the economy.

But only high productivity of the construction process can truly justify these investments as fruitful. As per the McKinsey study, there’s a huge gap in productivity that has to be addressed to avail optimum benefits.

The reasons that lead to low productivity include:

  • Poor organization, which involves a lack of procurement and an inefficient supply chain.
  • Lack of communication among the team members results in huge gaps at different stages subsequently causing low productivity.
  • Inefficient Talent acquisition can result in a team of people who lack due skills that drops the overall productivity.

These factors although very common can tarnish the productivity and in turn, deeply affect the construction project. This has been a very common scenario in the construction industry that has led to a lot of delay menaces throughout.

But of late, things have been changing for good as the construction industry has started to embrace the technologies unlike before.

Technology as the solution

With the latest upcoming construction project management software, handling all the activities involved in the construction project. These construction project management software streamlines the entire process right from the planning phase until execution, keeping every team member of different divisions in the loop.

This improves efficiency by many folds, as everyone remains on the same page and activities takes place in proper synchronization. The construction software not only takes care of the activity planning and the input details but also maintains the inventory efficiently, letting the concerned team maintain the supply chain of materials for seamless construction.

With these features and functions, technology has successfully brought a lot to the table, that has improved the productivity of construction projects by several folds.

On the other hand, they also efficiently assist with resource planning and management, letting the management know when and whom to recruit for better functioning.

The technologies of Artificial Intelligence, Virtual Reality, image-based modeling and rendering have led to the seamless conception of the project, wherein the 3D models can be visualized beforehand. This has not only helped the customers visualize the deliverable they would get but has also helped in eliminating the errors in the initial stages itself.

Using these tools you can analyze your construction at different stages and match it with the original concept to rectify errors if any at that point, instead of demolishing and rebuilding later.

This has improved the productivity and timelines of the projects dramatically, serving the construction industry in many ways by streamlining it.

Cost

Another major factor apart from productivity is the cost that strongly impacts the industry by the economic dynamics. While software technologies have surely improved productivity, they have also improved the cost factor in many ways.

With better resource planning and supply chain, the costs incurred in the project happens to drop. At the same time, the use of robots and machinery reduces the chances of human errors, improving the productivity and economics of the project.

Use of robots and machinery have also reduced the labour force requirements, that has a positive impact on the finances of the project. Being a one-time investment, these software technologies are worth investing as they are easy to maintain and yields better returns for the project.

On a closing note

The advent of technology has changed the landscape of many prominent industries such as healthcare and finance. The construction industry is yet to explore and leverage the power of technology for its benefits. With its new baby steps in this direction, things have already started to change for good.
If you want to empower your construction projects into getting better returns, have a look at iCore, CitrusLeaf’s premier Construction Management Suite.

iCore has been designed with the latest technologies and is highly usable. We built iCore keeping in mind the most non-technical users who are only accustomed to Spreadsheets/MS Excel.

If you want to get rid of Microsoft Excel and exprience better productivity and site management, iCore is for you.

Feel free to write to us at hello@citrusleaf.in to explore the amazing possibilities of technology in the construction industry.