IoT technology has made it possible for technological innovators to outperform their competitors who belong to the same industry. As we talk about the short-term and longer-term investments a company should consider to bring IoT, we’ll also realize how it can have a positive impact on the industry.
For starters, the Internet of Things had already reached a fever pitch in a sense that investors profoundly believe that IoT technology brings a lot of opportunities, such as improving safety, speed, security, and cost by applying IoT integrated devices to operations and plant processes.
Despite that, we still have to consider that achieving IoT benefits isn’t as simple as it may seem– especially when a company lacks the network infrastructure and information technology that could yield IoT solutions.
Clearer Vision, Strategy, and Full Control
As IoT technology becomes part of the construction industry, this would link several functions, as well as fiefdoms within an organization. However, to execute this correctly, it’s essential that the connection would lead to collaboration, and that means senior executives must be ready to offer not only strategic guidance but commitment as well.
This can be one of the issues that the construction industry has to face because not all companies are ready to implement IoT technology just yet. In fact, around 10% of manufacturers are skeptical about how this can help their business.
Improvement in Productivity
With the adoption of IoT technology in the construction industry, it allows companies to do much more with less. These technological advances are capable of supporting data capture, automation, and even documentation that makes it possible to control building complex structures in just a short amount of time.
With the use of different tech gadgets, equipment, and other tools to promote safety, such as smart traffic safety cones, contractors can feel at east that the construction workers will be able to perform their jobs efficiently.
Network Capabilities and Capacities
Perhaps, antiquated technology is one of the issues that IoT technology has to face, especially when it comes to communicating, capturing, and leveraging data information.
Currently, only 10% have the network infrastructure that can be used for machine-to-machine communications, and only 13% of which are capable of machine-to-enterprise communications. What does this indicate? Only 25% of manufacturers can enjoy this advancement. However, as IoT technology continues to develop, we can expect that this can be resolved shortly.
The Use of Construction Productivity Software
A successful construction project dramatically depends on the team handling the task. However, aside from that, the kind of software, and equipment they use also play a vital role.
Fortunately, there is a lot of construction productivity software nowadays that offer tools and resources that connect everyone who is involved in the project– ranging from managing the workers in the office, and those who are on the field.
Leveraging IoT For More Efficient Construction Zones
We can’t deny that the innovations in construction technology are a game changer. Every day, more and more companies are employing new devices to make the jobs more accessible, while eliminating unnecessary costs, ensuring the safety of the workers, and best of all, improving overall job satisfaction.