WITH DATA AT THE FINGERTIPS OF AN ORGANISATION , IT ’ LL EASILY BRING THE RIGHT STAKEHOLDERS INTO THE CONVERSATION .
INDUSTRY WATCH
WITH DATA AT THE FINGERTIPS OF AN ORGANISATION , IT ’ LL EASILY BRING THE RIGHT STAKEHOLDERS INTO THE CONVERSATION .
Successful businesses learn to cope with uncertainty and large-scale changes in their operating environment . There are times when these challenges become particularly testing and this is one such time when labour shortages , supply chain issues , fluctuating inflation and high interest rates are making it hard , even for companies with the best management , to stay profitable .
The Construction Products Association said in October that it expected UK construction output to fall by 6.8 % in 2023 , before a further marginal fall of 0.3 % in 2024 . In navigating these challenges of the construction industry , embracing innovative perspectives becomes paramount and despite the prevailing challenges , construction leaders can strategically leverage this period to their benefit by using the five effective approaches below .
1 . Standardise for better results
You can ’ t improve if you can ’ t measure and you can ’ t measure if you don ’ t collect data in a standardised way across projects . Standardised data becomes the fuel for your analytics engine . This will help teams gain real-time insights into the state of any one of the schemes you are working on , whether for materials being delivered on time or work being completed to the required quality . This allows project managers to address risks early and avoid unnecessary costs .
Reducing risks through ongoing monitoring of the situation on the ground will result in time and budget savings . With data at the fingertips of an organisation , it ’ ll easily bring the right stakeholders into the conversation and make data-informed decisions before minor problems become major issues . Standardising data will also help in the longer term as you look to scale up for growth and it will help you spot common problems or where teams have achieved greater efficiencies .
2 . Connect and get going
Construction has hundreds of steps and processes , many of which can be made more efficient if they are clearly documented and communicated across multiple stakeholders . Reducing the time and effort it takes to share information is crucial to delivering efficiencies . A platform like Procore provides an end-to-end construction management solution so the entire workforce has one place to communicate , enter project data and find what they need . Choosing an easy-to-use solution with an intuitive mobile interface built specifically for construction is key . Simplicity of process empowers teams to get going quickly .
3 . Digitise for resilience
Workforce development and technology adoption go hand in hand . Embarking on the digitisation journey improves not just your immediate business results , but the long-term skills of your workforce as well .
Making a conscious effort to increase the digital awareness of your workforce lay the foundations for increasing productivity and engagement . It will also help attract fresh talent into construction , something which has proven to be challenging over the years . Digital natives coming into the sector expect helpful digital tools to get work done but they do not always find this in construction . If you want to recruit the best people , digitising your business now will help significantly .
Also , having robust digitised processes and intuitive solutions means you can train and onboard people quicker . Your business becomes less reliant on individuals or groups holding all the knowledge and
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