Five constraining factors construction companies must fix

by   |    |   5 minutes  |  in Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Strategy

In our experience – reinforced by a recent construction industry roundtable discussion – there are five factors constraining Australian and New Zealand construction businesses in their performance and ability to innovate. Poor performance in any of these areas – visibility of project performance, the ability to collect data on-site, double handling of information, delayed project…

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Is the construction industry addicted to MS Excel?

by   |    |   6 minutes  |  in Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Research, Strategy

You might assume that most companies are using modern, smart business systems to control complex projects, but the reality is, the primary business system used is Microsoft Excel. The construction industry design, build, operate and maintain some very impressive assets—bridges, airports, railway lines, buildings, hospitals, nuclear power plants, etc. However, most construction projects today are…

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How businesses truly feel about digital change & transformation

by   |    |   2 minutes  |  in Automotive, Aviation & Defense, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Engineering and Infrastructure, Manufacturing, Mobility, Oil & Gas, Research, Service Management, Strategy

Digital transformation can mean different things to different people, making it difficult to know when you have achieved it. However, the answer to this conundrum is that you will never achieve it since it’s constantly evolving. To see what companies are thinking about today in regards to digital transformation and how it is currently being…

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Servitization in construction

by   |    |   3 minutes  |  in Construction and Contracting, Digital Transformation, Strategy

Get your business strategy in place to maximize the profit potential of the servitization trend. Servitization is becoming a major trend in product-centric industries where suppliers of products are now moving from simply supplying products to providing services. You see this trend in many industries. Hire and rental contracts are increasing, as are ”power by…

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Construction industry trends

by   |    |   7 minutes  |  in Business Technology, Construction and Contracting, Research, Strategy

Huge tower blocks built in weeks under one roof… automated bridge-building behemoths… bricklaying robots… No, it’s not science fiction. These are all real solutions doing here-and-now-business. And soon there will be more. So what are the big construction trends in Europe, the US and Asia, and how can we turn them from opportunities into business…

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Enterprise operational intelligence for construction & contracting

by   |    |   1 minute  |  in Business Technology, Construction and Contracting, Digital Transformation, Strategy

How do you take your business’s operational intelligence to the next level? This video will show you how. What is IFS EOI? This webcast will look at why IFS Enterprise Operational Intelligence™ (EOI) is on the forefront of our maturity model for business analytics. Learn why IFS EOI is more than the sum of its…

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Advanced analytics and digital transformation – is this a game changer for the construction and infrastructure industry?

by   |    |   3 minutes  |  in Construction and Contracting, Digital Transformation, Research, Strategy

87% of enterprises believed that big data/analytics will change the competitive landscape of their industries within three years. The data-driven, digital asset lifecycle is causing huge disruption for organizations in the construction and contracting industry. I predict that the companies that adopt these new technologies will be the winners of the future. Ignoring these trends…

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Construction

by   |    |   4 minutes  |  in Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Strategy, Supply Chain

While the construction sector’s digital history is weak, new technologies and ways of working are driving the industry to implement more integrated processes and systems. At the end of May, I joined IFS customers, partners and experts from across the UK construction industry at the Institute of Directors to discuss the digital issues currently affecting…

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c&c podcast image

by   |    |   1 minute  |  in Business Technology, Construction and Contracting, Digital Transformation, IFS Radio Network

Digital transformation has already begun changing the construction and contracting industry. Learn how it will change the future and how businesses can benefit from it. Digital transformation — this the trend we are hearing about more each day. Buzz words like the internet of things (IoT), building information modeling (BIM) and digital construction are all related…

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C&C blog post image

by   |    |   5 minutes  |  in Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Mobility, Strategy

Having a young technology-aware workforce and having someone responsible for managing digital transformation is critical to be a winner in the future. Organizations involved in building and maintaining assets are starting to go through the biggest technological transformation they have ever seen. The changes brought on by this transformation are going to transform the industry…

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