It’s difficult to build towards something impossible to envision. The truth of the matter is we do not have a crystal ball; we cannot predict the future. We can look to the past for lessons and trends, but we must rely upon dreams, visions, and educated guesses for the future.
Meanwhile, the one inescapable constant is change. Regardless of our circumstance or industry, we cannot get around change. We must either prepare for it or be swept up and overcome by it.
One big change in the construction industry is the increasing role of IT. According to a 2015 McKinsey report, global investment in large-scale capital projects is on the rise and infrastructure investments are expected to double in the next 15 years. Great news, but we know that these larger projects typically face significant cost and time overruns.
Time and money are both being lost due to inefficiencies, poor management, and decreased productivity.
How can you reverse the trend? How will you ensure projects will be on-time, under budget, and effectively managed?
Invest in IT to enhance your construction projects.
According to the report, the best value in construction IT is delivered in the concept-and-design phase. IT tools can help you:
-
Build only what is needed (reducing wasted materials)
-
Plan for the entire project lifecycle (to improve project management)
-
Enhance scenario planning (to elevate your risk management posture)
-
Create standards for modular design (developing repeatable processes and reducing costs associated with waste)
When you begin to contemplate how to transform your construction business via IT investments, the endless possibilities can be daunting. Let us help you determine your construction IT needs. We can develop a solution to prepare for your future.
Vertex BD is a flexible building design tool that automates the creation of architectural drawing sets, panel fabrication drawings, material reports, manufacturing data, and architectural visualizations, all from one building model.
