Construction Workers on Laptop

by   |    |   4 minutes  |  in Construction and Contracting, Digital Transformation

The engineering, construction and infrastructure (ECI) industry is facing huge challenges as it tries to deal with increasing demand to construct, operate and maintain assets faster, at lower cost and risk and to a higher quality. The non-integrated business systems and processes used by most companies today will simply not be good enough if a…

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construction header

by   |    |   3 minutes  |  in Construction and Contracting

It’s an interesting time for the construction industry. Historically construction has had a reputation for moving slowly when it comes to adopting modern technology, but recently that’s not what I’ve noticed in the field. The construction industry is at a turning point, looking to overcome its long-time challenges by adopting new technology. REVERSING STAGNANT PRODUCTIVITY…

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Q&A: Will construction companies be able to keep pace with demand?

by   |    |   6 minutes  |  in Business Technology, Construction and Contracting, Creativity & Innovation, Strategy, Transform Your Business

In this Q&A, Kenny Ingram, construction and contracting industry expert and Global Industry Director at IFS, answers questions on whether or not construction companies will be able to keep up with demand, along with valuable suggestions for doing so. Kenny has been with IFS for more than 16 years and has worked in the business…

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Why construction-integrated manufacturing is a game-changer

by   |    |   4 minutes  |  in Business Technology, Construction and Contracting, Creativity & Innovation, Manufacturing, Research, Strategy

The construction industry has a reputation for moving slowly when it comes to adopting modern technology and changing business processes. There are many reasons to believe that this is about to change and companies who don’t adapt and change will probably not survive. It is also a mistake to believe that the traditional large contractors…

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asset lifecycle solution

by   |    |   7 minutes  |  in Asset Intensive, Business Technology, Construction and Contracting, Service Management, Strategy

By taking on service and asset management, construction and contracting companies can generate revenue across the total asset lifecycle. In this Q&A, Kenny Ingram, construction and contracting industry expert and Global Industry Director at IFS, answers questions on how companies can generate revenue by taking on service and asset management. Kenny has been with IFS…

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asset lifecycle solution

by   |    |   4 minutes  |  in Asset Intensive, Business Technology, Construction and Contracting, Service Management, Strategy

Construction companies are changing their business strategy and preparing for changes. How most companies are operating today The construction industry today is fragmented with a multi-tiered sub-contractor model being used to design and construct new assets. In addition, when the asset is commissioned and handed over, another set of contracts and contractors are involved in…

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Modular and offsite construction: evolution or revolution?

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

Modular offsite construction has been around for many years, but is it about to really take-off? There has been a lot of activity over the last 12 months that suggests this evolution may become a revolution, one that will drastically transform the construction industry. Key challenges and opportunities for the construction industry November 21-22, 2017,…

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Digital Transformation in Construction

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

The digital revolution is transforming the way organizations work, engage with their customers and generate revenue. It doesn’t matter if you’re in the construction, retail or healthcare sector, every industry is being impacted by the proliferation of devices, hyperconnectivity and emerging innovations like artificial intelligence (AI) and the Internet of Things (IoT). This new and…

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Construction Industry Experts

by   |    |   2 minutes  |  in Asset Intensive, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Engineering and Infrastructure, IFS Radio Network, Research, Strategy

IFS Radio Network podcast: the impact of digital technology and how some of the industry’s leading companies are leveraging it today. Construction is a traditional industry. Many businesses, despite the abundance of new technology and integrated software that’s available today, are still suffering from a lack of accurate and timely information because of their reliance…

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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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