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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 often said that money makes the world go ‘round - but in reality, that’s the job of the infrastructure sector. With transport, utilities, and construction being reduced to one sector, staying afloat and sailing forward in a fast-paced sector is a must. And with the current vulnerability being shared among businesses operating in it, this has never been more vital.
Nevertheless, this industry still shares core principles with the technological overhaul anticipated by a variety of other industries: sourcing new revenue streams to grow the business amongst disruption; anticipating the focus on customer experience and service; and adapting to the new information and innovation shaking the industry to its core.
And we know how to do all that.
There’s 2 sides to every story - and, just like the life sciences, this particular tale starts with how your business operates. Daring to go digital is a necessity for each industry, but this broad sector needs to focus its ambitions on elevating performance and driving future growth and value in its infrastructure projects.
And there’s only one way to do this: sourcing solutions via innovation.
This starts with the core of the business via calculating the scaling of the innovations needed to stay afloat within the industry. This encompasses technology such as the IoT, the cloud, technology that can monitor and support the individual employee, and networks routed into your current digital capabilities.
For those working with renewable resources, aligning data-driven insights and analytics for forecasting an unstable future is key.
Rethinking operations might seem a drastic measure, but the rewards are plentiful when the key aim is realised: and that’s satisfying the customers’ specific demands. Moreover, these are demands you can actually pinpoint with data-driven insights. This is the starting point for the technological overhaul needed for this industry.
Navigating the customer’s individual journey is the next step, and requires each digital marketing channel to be followed and its potential unleashed with the power of marketing. By harnessing the data derived from your customers, you can realise the relevancy required to engage and score customers despite the advances of competitors.
You need to curate customer satisfaction and move with the tide of demand to maintain business stability, all the while upholding the standards required of such complex products.
And we can do it for you.
Director of Technology, Simply Brands
For those with an ear to the ground, our services carry out 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 infrastructure industry sticks to a simple principle: it is dedicated to designing projects and building the basic facilities. Fundamentally, it is aligned with the core principles expected of a digital transformation - but that doesn’t mean its future is clear of turbulence. Failing to innovate regularly and adapt to the moves made by the disruptors can only end one way.
And, just like a variety of other sectors looking to survive amongst your competition and then beat them out, this industry is focusing its attentions on data. Sourcing data-driven insights into its clientele, refining that data into an accessible for use in the designing and constructing processes, and then allowing access to that vital data for the firm’s entire supply chain is the future of this industry. And we can help you access that future, and access it now.
This specifically can encompass AI, Internet of Things wearables, blockchain, analytics, risk advisory, and cloud computing. Finding solutions, and scaling them to your firm as factors outside of your control alter it is key to your business’ future.
CONSIDER YOUR CUSTOMERS’ PERSPECTIVE
If only you could know exactly what your customers want, exactly when they want it… Thanks to data-driven insights harnessed by technology’s coolest software, you can!
MONITOR AND PICK UP PROBLEMS
Don’t just tailor your products to your customers; tailor their solutions to them, too. With up-to-date software picking up problems at pace, fixes can be found even faster.
MOVE TO A NEW OPERATING MODEL
By rethinking the office’s operating models, the team in charge of sales and marketing can prioritise devising personalised marketing that can seamlessly translate to personalised products.
REVAMP PRODUCTION VIA TECH
Utilise the power of tech such as automation, advanced control, and computer-aided design to allow the brains behind production to detect and decide on new, innovative ways to design projects and construct them, too.
DRAW IN CUSTOMERS WITH DATA
Outside of the construction site, technology can be used to garner insights into the exact demands on customers, promising the twinned appeal of engagement and innovation.
GET A 4D VIEW OF YOUR CUSTOMERS’ EXPECTATIONS
Discovering customer insight requires the right tech. This means you need a complete overhaul to unleash the complete picture of what you should be doing next.
ENJOY AN INCREASINGLY CONNECTED WORKFORCE
Digitalise the whole team with tech solutions devoted to the entire supply chain. By ensuring collaboration across the board, needs can be met and innovation promoted.
HARNESS THE HUGE DATA AVAILABLE
The infrastructure sector is used to dealing with big projects, big teams, and even bigger numbers. Analysing this data can no longer be done by hand - take things digital, and save time on the process.
REDESIGN THE DIGITAL OPERATING MODEL
At the core of this industry is the digital operating model. However, by constantly rethinking the model and adapting it to the disrupted industry, you can harness a greater volume of data insights.
+ What is the infrastructure sector?
The infrastructure sector is comprised of all of the industry that deals with the construction of facilities, such as roads, electricity, housing, railways, water supply, and other essential services.
+ Is the infrastructure sector growing?
The infrastructure sector is historically a driver of economic growth, but as a result of the Covid-19 pandemic, slow growth is predicted as a result of sharp falls in demand. The long-term effects of this will restrict the potential of the sector and is forecasted to test the resilience of businesses’ currently operating.
+ What is the future of the infrastructure industry?
To survive the effects of Covid-19, businesses operating in this sector will have to consider implementing digitally-driven changes including interoperability, IoT wearable technology, drones, and other outlets of smart tech that create integrated, intelligent infrastructure.
+ What are the trends for the infrastructure sector?
For the infrastructure sector, trends that need to be adopted to stave off disruption include a focus on operational resilience via supply chain and predictive analytics, a move towards shovel-ready projects that address the current Covid-19 crisis, and consider infrastructure’s impact on the climate.
+ How is technology changing the infrastructure sector?
By increasing the effective capacity of the infrastructure constructed by firms operating within the industry, both maintenance and asset management could be reduced whilst still meeting demand. Design, construction, and other processes have been streamlined via technology.
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 tech-team 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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