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With the average company investment into digital transformation increasing 148% in 2020 your competitors are racing to disrupt your business. Can you afford to be left behind?
It’s official: the world is tech-obsessed.
And whilst this might not immediately translate to the digitalisation of a sector built on manual labour, the construction industry is currently suffering from a intense level of disruption. Sourcing technological services and solutions that put your firm first is key to surviving this, and succeeding.
Whether your business is forecasted to re-align its operations with digital technologies that drive efficiency, or is opting for an overhaul that enforces collaborative practices, you will be sure to find the answer with our dedicated project managers.
The future is here - are you ready to help build it?
Thanks to advanced technologies, construction is due a rethink in terms of some of the manual labour processes that are so significant to fundamental operations.
This can range from optimising facilities via technology in alignment with specific requirements of the project, introducing collaborative technologies that allow revitalised methods of designing and maintaining assets, and digital solutions that can hand over certain manual processes to a computer.
Even the most basic processes such as commercial management and contract administration can be applied to technology, and revamped with the necessary digital tools to boost efficiency and raise customer satisfaction.
By bringing together your essential production methods and the expectations of the all-important customer, we can frame your business and its integrated project teams in a whole new light.
The construction sector has always sought one purpose: to complete high quality construction projects, and to do so in alignment with the client’s exact needs. In fact it’s that exact bit which really matters.
Not only are accurate values required for the rigorous process of construction, accuracy is vital for data-driven insights that can ensure the client is satisfied by the project completed, or that the project can be altered to their needs. Elevated communication methods via independent client advisers further inform this, pointing towards a supply chain based technological rethink.
Indeed, it's the forces which dispute the need for digitalisation in this industry due to the belief that customer demand will remain which confirm its potential; whilst your business might always have a certain level of demand when put forward to customers, alternative competitors can draw away your clientele for faster, more innovative products.
Director of Technology, Simply Brands
For those with an ear to the ground, this is also known as a Digital Transformation.
A Digital Transformation rethinks how you manage your employees, your clients' and business’ data, and how you carry out your business operations. Or, in simple terms, a DT is the technological revamp your business needs to stay competitive.
The construction industry follows one ambition: it designs and constructs bespoke structures that support specific customer needs. In simple terms, it already shares the essential principles that are central to a digital transformation - but this is not to say that is its future is clear of turbulence and instability. Failure to innovate and evolve to the moves made by disruptive forces will guarantee that your firm is pushed out of the market.
On the other hand, it does share similar principles with other sectors as it has to focus its attention on data to drive a technological overhaul. By harnessing the data-driven insights into your clients and allowing your entire firm access to that data, our management consultants can alter the entire firm's operations.
This technology this specifically equates to includes AI, Internet of Things sensors, blockchain, analytics, and cloud computing. Sourcing a tailored solution, and then scaling it to your firm is vital to securing a digital transformation - and then allowing your firm to continue to thrive in the future.
CONSIDER YOUR CUSTOMER'S PERSPECTIVE
Your customers know what they want. It's your job to find out exactly what this is. Data-driven insights take the toil out of this task.
Ensure the personal experience extends to problem solving via software that can identify issues before they arise.
MOVE TO A NEW OPERATING MODEL
Rethink the entirety of your operations and rescale your marketing and sales strategy by inserting a new lease of life into a personalised marketing experience.
REVAMP PRODUCTION VIA TECH
Harness the power of automation, advanced control, and computer-aided design to bring your production team within reaching distance of the latest innovations in design and construction.
DRAW IN CUSTOMERS WITH DATA
Bring construction and the customer together via data-driven insights which allow you to access improved innovation and engagement.
GET A 4D VIEW OF YOUR CUSTOMERS
Discover customer insight via the latest technology This will require a complete overhaul to guarantee that you capture each angle of the customers' wants..
CONNECT WITH YOUR WORKFORCE
By digitalising the entire integrated supply team via specific tech solutions, you can streamline operations and encourage innovations.
HARNESS THE HUGE DATA AVAILABLE
The construction industry specialises in big projects, big teams, and even bigger numbers. Data analysis by hand is no longer sufficient - the numbers will be irrelevant by the time the process is complete.
REDESIGN THE OPERATING MODEL
The digital operating model is at the centre of construction. That means you need to constantly rethink the fundamental business model to allow you greater access to in-depth insights.
+ What is the construction sector?
It is an industry comprised of firms that operate in the manufacture and trade of building, maintaining, and repairing physical structures. It includes 5 different sectors: residential building, commercial building, heavy civil construction, industrial construction, and environmental construction.
+ What is digital construction?
This is the use and application of digital concepts and tools to streamline the operations of construction businesses. This equates to safer building sites, more efficient processes, and more collaborative teams.
+ Is the construction sector growing?
According to forecasts the construction industry in the UK - particularly commercial construction - is declining as a result of political changes such as Brexit and the global crisis of the Covid-19 pandemic. A slowing rate of growth is predicted for this sector.
+ What is the future of the construction industry?
Driving higher quality customer experience, improved safety, and better building practices are deemed the future of this sector and can be secured by modular strategies, monitoring technology such as drones and 3D scanning, and VR to see the project both in real time and a whole new reality.
+ What are the trends for the construction sector?
The specific trends and technology have already taken hold of the construction sector - but the most notable that your firm needs to tap into includes wearable technologies that can provide in-depth analysis of projects at an employee level and revitalised business models which rethink development speed and practices.
+ How is technology changing the construction sector?
Despite the onset of new technologies, such as AI, IoT and 3D printing, the construction industry has struggled to adapt its practices to its digital potential. Disrupted operations and higher costs have prevented a technology-based breakthrough. Only when more construction firms opt for digitalisation will others follow suit.
Taking things technological might seem a challenging feat set to put your troops through their paces, but with Lolly Co at every step of the way, navigating the new territory need not be difficult. In fact, with our management consultants assessing your business’ exact needs and walking you through each step, you don’t need a map, either! But, if you do fancy finding your way around tomorrow’s business technology, you can start here.
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