Construction projects are notorious for two things. First, being over budget. Second, taking longer than planned. Engineering and construction sectors have reputations for being one of the world’s largest industries—yet one of its least efficient. Most construction projects have operated the same way for decades, but it’s time to embrace the time and cost saving benefits of technology. The population in southeast Minnesota is set to grow by over 50,000 people over the next 25 years, requiring another 14,000 housing units above the current pace of production, according to a recent economic study. Inefficiencies such as paper-based information, limited data sharing capabilities, fragmented work sites, and lack of collaboration are just a few of the reasons the building industry needs to embrace new technology.
It’s no secret that the skilled trades industry has a shortage of workers. Investing in technology has been a proven way to attract the younger generation of workers to the industry. As skilled trades evolve and become increasingly more competitive, embracing innovation will help you maintain an edge over your competition. Ashir Badami, Senior Product Marketing Manager at Procore, says the industry’s slow pace in adapting to the changing generational mindset is partly to blame. “Millennials are looking at the way construction is done, and it doesn't reflect how they work or think. Their sense of how to manage, process, and work with information and do work is very different. In the construction space, the industry is changing, and making some serious inroads, but it’s not at the stage where processes are being redesigned across the board. If you’re used to getting an Uber and being able to order food from your phone, and you go into an environment where everything is paper driven, that’s a huge paradigm shift.”
Technology is transforming the way that buildings and infrastructure are designed, constructed, and operated. According to the World Economic Forum, “Wherever the new technologies have properly permeated this fragmented industry, the outlook is an almost 20 percent reduction in total life-cycle costs of a project, as well as substantial improvements in completion time, quality, and safety.” Building Information Modeling, laser scanning, drones, 3-D printers, and robotic constructors are the future of the building industry – and it’s all available now. Researching what types of technology will help your business become more efficient, along with forward thinking and plenty of strategizing, will not only provide the best end product on current projects but also will ease the transition into a more connected and automated future.