After the many challenges faced in recent years, many businesses look to the future for a new start.
This year brings new hope as well as new challenges. The pandemic has accelerated the use of technologies and online platforms for many businesses, including construction companies.
Though many construction managers are excited about advanced tools in the industry, construction firms still have to continue to manage high material costs, slow material supply chains and labor shortages. To the intrepid construction manager, this means the chance to innovate, push through difficulties, and create new time and cost saving solutions to repetitive problems.
New technology continues to change the construction industry, improve the ability to win construction projects, and increase company’s profit margins. Trends are changing the roles of industry professionals and affecting construction workers’ jobs.
As the industry becomes more competitive, these construction industry trends will prove valuable for any construction firm. Read on for the five industry trends to watch for in This year to help you stay competitive!
The pandemic immensely impacted the construction sector, affecting construction site guidelines. Updated federal and state regulations have started to emphasize cleanliness and implement strict safety protocols.
A construction industry trend that’s also rising is the use of advanced machines capable of identifying common safety issues and eliminating threats one at a time.
Work boots that connect to Wi-Fi, for example, are used to alert workers if someone has been involved in an accident.
Construction companies that don’t use current methods to improve their efficiency should begin to move towards the vast possibilities of scaling up!
Innovations that enhance energy efficiency have been at the forefront ever since the COVID-19 pandemic has caused an increase in reliance on construction technology.
Operational efficiency is crucial to any manager who wants to improve their construction process and increase profits. So what are the three main tools you need to look for?
Blockchain technology is said to improve relationships in the construction industry. It’s currently being viewed as a vital component for providing a more secure and fast-moving workflow that boosts workplace productivity.
Smart contracts offer a shared system to do business, allowing them to buy, track, and pay for services. Firms can utilize smart contacts as an all-in-one tracking system where rules and deadlines are set by management, and the blockchain just enforces them.
This system will allow faster closeouts, better project tracking, and an automated supply chain.
One of the fastest-growing trends in construction is the use of drones. This technology has far more potential than aerial photography for real estate and commercial reasons. And here’s how they contribute to the construction industry:
Other advanced future uses of drones include monitoring equipment depreciation, and incorporating AI to organize moving construction equipment.
One of the most novel construction industry trends is Augmented Reality (AR). The global AR market is seeing a positive response from many businesses.
Though the adoption of AR is limited for now, this technology offers efficient project staging, making preconstruction projects tangible for buyers.
For construction builders and developers, AR facilitates the use of wearable technology and 360-degree video to provide:
Though AR in construction is still in its infancy, the more companies use it, prices will soon become affordable and the technology achievable for small construction businesses.
One of the most significant construction trends of the past few years is an increase in demand for labor. Despite the best efforts of robotic technology, construction jobs are becoming more specialized as businesses need more educated workers to manage and interpret the data produced by advanced systems.
Trade schools striving to implement new technologies and teach them to potential laborers will cause an increase in more skilled and specialized workers. These workers will then be ready to take on new challenges and contribute to advanced construction methods.
Renewable energy sources dominated around 11% of the energy market in 2019 per the U.S. Energy Information Administration, and shares are expected to grow as accessibility increases. That’s a massive market for investing, given buildings are responsible for a huge chunk of U.S. energy consumption and greenhouse gas emissions.
With the current interest in global warming and climate change, sustainable construction includes technology to lower a building’s carbon footprint and use construction materials to reduce resources. This is an avenue where modular construction can play a significant role in boosting energy efficiency.
Greenscaping, the practice of outfitting rooftops with plant coverings and small parks, is now prevalent in many urban areas around the globe. And construction companies looking to appeal to sustainability advocates can align their projects with such goals.
Comprehensive construction management software is essential for remaining competitive, building a valuable business, and improving operational efficiency.
When searching for the proper software, consider ease of use and integration with other existing software. Also, look for scalable software that fulfills your current needs and will help manage your future needs as well.
Be sure to evaluate customization options, upgrades, and additional features, plus check for customer support and training availability.
With so many industry trends to look forward to, you can find yourself overwhelmed with the new technologies emerging every year.
Many of the trends can seem expensive or hard to implement, but soon you’ll be able to run in the same league as the big construction companies. You can start small by using advanced time and attendance systems to improve worker time tracking and payroll processing.
An advanced time and attendance system can help you streamline your business operations. Sign up for our demo, and let us guide you on our system’s unique features!
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