Technology Upgrades Are Imperative to Stay Competitive

The recent ShapeConnect benchmarking survey of the ASA Members explored their use of current technology. While there were multiple items highlighted, we found the following three items of critical importance:

Connecting Critical Software Platforms

In today's digital age, seamless integration of software systems is crucial for construction companies. Only 21% of ASA members have their critical software programs connected. Here are a few reasons why connecting software is critical to long-term business success.

Productivity: Integrating software programs allows for the seamless flow of data and information between different departments. This streamlines project management, reduces manual data entry, and minimizes errors, improving efficiency and productivity.

Real-time Data Access: Connected software provides real-time access to critical project data. This empowers construction teams to make informed decisions promptly, ensuring projects stay on schedule and within budget.

Cost Savings: Reducing manual data entry and data duplication saves time and reduces the risk of errors that can be costly to rectify. Integrated software systems can lead to significant cost savings in the long run.

Improved Collaboration: Connected software fosters better collaboration among project stakeholders, including architects, engineers, subcontractors, and clients. Everyone can access and update relevant project information, improving communication and project outcomes.

Gartner says we expect more change in the next ten years than in the previous 50 years. Connecting systems ensure you are “future-proofing” your business and building its value.

Next-Gen Construction Software to Track Job Costs

Construction-specific systems are tailored to the unique needs of the industry. Here's why they are essential:

Watch the video here of Sr. Software Solutions Expert, Mark Kennedy, for details.

Project Cost Management: Construction systems provide robust tools for tracking project costs, budgets, and expenses. This helps companies control costs, optimize resource allocation, and maintain profitability.

Resource Management: They enable better resource management by tracking equipment, materials, and labor in real time. This ensures that resources are allocated efficiently and that projects are adequately staffed and supplied.

Compliance and Reporting: They often come with built-in compliance features that help companies adhere to industry regulations and reporting requirements. This reduces the risk of non-compliance penalties.

Business Intelligence: They offer advanced reporting and analytics capabilities, allowing conshey offer advanced reporting and analytics capabilities, allowing construction companies to gain valuable insights into their operations. These insights can inform strategic decisions and drive business growth.truction companies to gain valuable insights into their operations. These insights can inform strategic decisions and drive business growth.

81% are Still Using an On-Premise Server

Many construction companies are still relying on traditional on-premise servers, but there are compelling reasons to consider cloud-based solutions:

Accessibility: Cloud-based solutions enable remote access to data and software applications from anywhere with an internet connection. This is especially valuable for construction teams working on multiple job sites or remotely.

Scalability: Cloud solutions are easily scalable, allowing companies to adjust their resources and storage needs as they grow. This scalability ensures that IT infrastructure aligns with business growth.

Data Security: Cloud providers invest heavily in data security, often offering superior protection to on-premise servers. This is critical, given the sensitive nature of construction project data.

Cost Efficiency: Cloud solutions typically involve lower upfront costs, as there's no need to invest in and maintain physical server hardware. Companies pay for the resources they use, making it a cost-effective option.

The survey responses indicate that many member companies are facing technology challenges that can hinder their efficiency, productivity, and competitiveness. Members should consider upgrading technology to enjoy the benefits of integrated software systems, construction-specific ERP solutions, and cloud-based infrastructure. Embracing these technologies can improve project management, cost control, compliance, and overall business success in the dynamic construction industry. You will also be happy you made these upgrades when it comes time to sell your business.

If you have questions or concerns about your technology or software, sign-up on ShapeConnect's technology evaluation platform to get an asseessment of your tools and processes.