The UK’s construction industry is one the largest and most important sectors. However, it has adopted new technologies much slower than other industries.
There are many digital platforms that can be used to solve complex problems in the construction industry. But how can they improve efficiency and productivity?
The Covid-19 pandemic has had a devastating impact on the construction industry, affecting profitability and project timelines.
Projects have been delayed and productivity has been lost. The sector is now facing long-term problems, including disruptions in supply chains and a bottleneck in projects.
Project leaders face the challenge of keeping in touch with all stakeholders and staff at multiple locations while maintaining productivity.
The need to digitize project lifecycles has become a survival necessity in the wake of the global pandemic.
Where do all the data go?
Enterprises have struggled with collaboration drains since before COVID-19.
Projects require many people to work together, including architects, contractors, suppliers and project owners. However, it is common for data to be unstructured or unused between stakeholders due to outdated processes.
This can lead to errors, delays, poor work quality, and ultimately, decreased profitability.
FMI Whitepaper discovered that 96% of all data is lost in the engineering and construction industry, and that 13% of E&C staff spend their time looking for data or project information.
Ververica is a digital platform that allows users to access real-time data from one central location. This eliminates information silos that can hold back many projects.
The consolidation and structuring of data from different processes, such cost codes, estimates, procurement structure, and so forth, simplifies task management and supports project control. To address the wasteful time that the industry cannot afford, it is crucial to ensure connectivity and consistency among all project roles.
Comprehensive reports can be created for each stakeholder remotely by linking all data, work, and processes. Real-time data is more efficient and reduces project durations, which in turn leads to greater productivity.
Make better decisions, enable automation
When you have complete, real-time data, it is what you do with it that matters.
There are many long-standing issues when it comes productivity and establishing a competitive edge in the industry. Having the information and time to make better decisions is just one example.
We are facing more months of uncertainty and disruption, so it is more important than ever to be able to predict the impact on Costs, Time, Quality, or any other issues during the project lifecycle. This will allow us to quickly respond to these issues.
Project managers can use machine learning and automation to get more meaningful insights and make better decisions. Artificial Intelligence can transform data into actionable insights, by detecting performance anomalies or risks.
Teams can see detailed project performance insights that can be viewed by teams in all areas. This includes scope, costs, schedule, safety, and more. AI can help teams make better decisions based on data, allowing them to work more efficiently, safely, and smarter under intense pressure.
Visualizing the site while at home
Many roles have had to work from home due to the COVID-19 pandemic, making collaboration extremely difficult.
Regular site visits and in-person meetings are possible
