A lot of experts and analysts believe that construction technology is a potent tool capable of transforming any business. There’s no doubt about that as there have been plenty of contractors who were able to enjoy huge gains in several aspects, such as efficiency, productivity, and quality.
This has been possible by merely investing on payload, grading, and best of all, in the Internet of Things. Now, allow us to discuss further why construction technology is more of an investment than a cost. Construction companies can integrate technology into every aspect of their business- from PPE and machinery, to existing traffic control equipment like traffic cones.
1. The Most Efficient and Latest Way to Create
With the help of construction technology, it becomes possible to have the whole building process handled by one team from beginning to end. This includes the design, manufacturing, material sourcing, and the construction process– all of which are in one efficient system
Through this, it becomes manageable to build the best quality buildings at the lowest cost possible. However, the most significant issue in this would be trying to meet the expectations of every customer without sacrificing the material efficiency and assembly during the process.
Fortunately, there’s a solution to that– come up with a building design system capable of having a broad range of configurations despite that it has a limited number of integral parts, such as floor panels, wall panels, balconies, and kitchen.
The integration of design directly to the supply chain and manufacturing has also become possible with the help of construction technology. Having a team to handle the necessary kit of parts, as well as the products ensures the transparency, not only in the material order but tracking and transportation as well.
This gives project managers the chance to meet the demands for building materials which leads to lesser expenses even across different projects as there’s no need to focus on buying primary materials, such as lumber and steel, project by project.
Additionally, technology also makes it possible for the construction industry to shift the construction sector to a contemporary manufacturing model, which would have a positive impact on the job site. This shift would cut down waste, and offer higher schedule, as well as the quality of the product.
2. Construction Safety Is Guaranteed
One of the most popular investment class is the existing infrastructure assets, like the tunnels and bridges as they provide a steady and attractive income where the investors can enjoy massive returns later on. However, the problem with this kind of investment is that it could also be a risk, especially when the performance is yet to be unproven. This stops potential investors even to consider it.
Fortunately, BIM can be a solution to this problem as it improves he overall efficiency as well as the project predictability. Through this, there will be a lower project risk and a better predictability of project outcomes. To support that, more than 67% of BIM users have enjoyed a positive ROI, and for that reason, it can be a good idea for investors to start researching about BIM, and see how it can improve the upcoming infrastructure projects.
It doesn’t stop to that, as we look beyond BIM, we can also see that IoT technology has already been affecting the construction industry.
There’s the smart safety cone with sensors that can notify the motorists, as well as driverless vehicles, and there’s also the augmented reality. All of which are beginning to allow contractors to polish every aspect of project delivery. This results in the “best possible” ways on how to manage the construction site.
3. Vital Information Can Be Captured Instantaneously
Another reason why investing in construction technology can be pretty lucrative is that it would allow the workers to get the information they need right away. This has been possible with the help of drones and UAV.
They are now being used in the construction site to gather data to the primary server as it’s connected to a cloud-based platform. Is information can help construction companies improve their digital marketing strategy so they can reach more customers and show the benefits of their services through advanced construction technology.
Then, there’s also the smart sensor drones that allow the users to connect smart sensors, like Bluetooth and RFID devices in the field to capture information and store them in the cloud platform. This hub can be connected to any commercial drones there is, and the best thing about this is that the product can be used on several platforms, such as Android, Linux, and Windows.
Through this, construction workers will be able to gather real-time data regarding their equipment, as well as its condition.