As urbanization steadily increases and more people migrate to cities for a better quality of life, the construction industry has become inundated with projects to improve infrastructure. Even the smallest construction projects can be tedious and time-consuming (such as renovating your home, for example) so large-scale projects done for enterprises are bound to introduce many complexities that must be properly managed to complete a project on deadline (and on-budget).
Due to expanding cityscapes, corporate construction projects are getting larger and more intricate. Profit margins are tight in this industry, so even a single extenuating circumstance is more than enough to create financial losses and project delays.
Considering the current state of the construction industry and looking forward into what the future holds, how can construction professionals stay on top of evolving technologies, and keep their projects within time and budget? The key lies in identifying where lags have been occurring and seeking possible solutions to rectify these problems.
From a technology standpoint, the right ERP software can help improve efficiency and drive profits by streamlining a wide variety of business operations. However, generic software applications may not always be able to meet the needs of a specialized and demanding market sector such as construction.
That is why ERP providers such as ComputerEase focus on a single niche, and in this case, it’s exclusively for the construction industry. Other mainstream providers such as SAP also pay prime focus to the construction sector in a more futuristic sense, by speculating on prevailing trends and creating software that will complement what is predicted for the future.
Artificial Intelligence, Augmented Reality and IoT
Just some of the technologies that have been shaping the enterprise software industry.
Artificial Intelligence and its predictive capabilities have transformed how companies scrutinize resources, budgets and data. The construction software industry is no exception, and ERPs tailored for this sector incorporate AI into operations such as project management in order to foresee everything from costs to timelines.
Business Intelligence also closely ties in as gathered data is analyzed based on established parameters. Reporting on patterns in construction operations aids key decision makers, while preparing for any incidents that may have a negative impact in the future.
Internet of Things, and its associated range of devices is something that is gradually gaining traction in construction sites. In fact, numerous applications already exist, from remotely operating machinery to tracking the well-being of construction workers via wearables.
Augmented Reality is something that goes hand-in-hand with IoT, by offering realistic experiences via smart equipment. For example, interactive goggles worn by workers can display guides right in front of their eyes (literally!) or provide machine operators the real-time instructions they need to handle a piece of equipment.
The right ERP software can help you streamline operations, gain visibility into your entire business, and give you a competitive advantage in the fast-paced construction industry.
At Wheelhouse, that is exactly what we can do for you! Search for industry-specific ERP software and compare your options side-by-side, to decide what’s best for you.
Visit our ERP Solutions page today to get started.
Need one-on-one assistance? Drop us a line at firstname.lastname@example.org and we’ll be happy to help!