The emergence of innovative digital technology has fueled an industrial revolution, known as Industry 4.0.
This development provides the construction market with a plethora of capabilities to enhance operations and raise revenue. Hence there are an increasing number of construction organisations are taking advantage of digital transformation technologies to find productivity maximizing capabilities and cost reduction opportunities.
As emerging challenges and changes arise in this industry, the construction space is under pressure to adopt digital technologies, especially under years of underinvestment in this area.
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Challenges within the Construction Industry
Managing Costs
Cost and time overruns are becoming an increasing challenge, usually arising from inefficient project management and budget blow-outs.
Profit Margins
Increasing costs of material along with inflation contribute to low profit margins within the construction industry. Project inefficiency and ineffective asset management are factors that contribute to this challenge.
Communications Gap
Communication with clients is a key aspect in any project, but can often be a challenging task without a seamless communication tool. Especially for projects with frequently changing timelines, complex project details and time grueling tasks of contacting individual clients.
Adapting to a changing industry
Deciding on a the right digital solution and platform is crucial due to the various range of solutions and tools emerging in the market. However, embarking on a Digital Transformation journey can often be complex and costly if not correctly implemented, which can hinder the value that is yielded from a digital investment.
Our Construction Solutions
The digital ages bring new opportunities for improvements. However, it also brings a risk of falling behind competitors.
InfoConsulting Australia offers tailored solutions allowing businesses to harness valuable capabilities to overcome challenges. We merge our industry knowledge, digital expertise and advisory services to formulate an industry specific digital solution that is designed to fit your organisation’s needs within the Australian and New Zealand market.
In a complex industry like Construction, our InfoConsulting experts can help fabricate a simple fully integrated business management solution that is embedded with best practice processes that will help you achieve your desired results.
You can design, construct and maintain assets in one centralised place for better control and visibility of your operations. Helping you minimise inefficiency whilst maximising profitability, suitable for small to large constructional companies.
- Get access to all your past and current project information in one place to inform planning.
- Forecasting and budgeting tools available to ensure accurate and up-to-date information that is available on the same platform.
- Having a centralised data system allows you to accurately quote realistic timelines and budgets for future projects.
- Effectively manage change such as potential overruns and issues before they have an impact through smart tracking and benchmarking tools.
- Budgets can be managed and adjusted to minimise cost during builds through a system that gives you the ability track and manage labour and material costs.