The construction industry is next to the bottom in a list of industries that have automated business processes. In order to sustain growth, contractors, suppliers, and logistics providers need to undergo a transformation, which involves digitizing their supply chains through a connected network and automated processes. The old ways of working no longer lead to success. Today’s climate and culture requires having the ability to make smarter, faster decisions.
By digitizing construction business processes, these benefits can be realized:
- Increased transparency across the construction supply chain so that all players know what is going on at all times
- Reduced time collecting information from the field; reduced errors and admin time by eliminating the need to re-key information into office systems
- Real-time access to data with eTicketing applications speeds documentation processing and payment processing
- Improved communications
- Increased collaboration and sharing of information
The construction industry invests less in IT annually than most other industries. In the future, these businesses and organizations will have to invest more in technology systems and solutions and eliminate manual, paper-based processes. The industry will also have to better integrate systems using modern tools like APIs and web services to enable automated processing from beginning to end with little or no human intervention. We talk about shifting to these digital processes often – the time to act is now.