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Beat Inflation and Rising Costs by Jump Starting Your Digital Transformation

By: Omri Sorek
30 November 2023
6 min

The construction sector is taking a real hit with skyscraper rates of inflation and spiraling labor and materials costs. As construction firms adapt to survive, there is a growing awareness that those that embrace digital transformation will be better placed to meet these challenges.

Builders understand technology can help make their operations more efficient, but they want to put their cash into IT where it counts and see results ASAP. It’s all about the short game now. Construction firms want to roll out tech solutions only if they can do so quickly and see an immediate return on their investment.

Now, if we take a step back and look at the construction biz over the years, we don’t have such a track record when it comes to being super tech-savvy. But, that doesn’t mean we need to be stuck in the past. We’re actually embracing digitization and using digital tools to make life easier for our hard-working crews in their daily tasks. But let’s be honest, progress has been pretty slow. This has forced the federal government to put some money where its mouth is and offer contractors financial incentives to speed up digital adoption. So individual firms now have a chance to step up their game and quickly and cost-effectively make a significant move toward digitization.

Take it from me, someone from five generations of builders, investing in tech does not have to be a head-spinning experience. Nowadays, there are many user-friendly technologies that construction firms can put to work with ease.

 

Using tech to get the complete picture of what’s happening on-site

Let’s talk tech that supercharges your job site without breaking the bank. Picture this: the ability to keep an eagle eye on every nook and cranny of your project, but without the hefty price tag. How? Well, thanks to IoT wearables this has become possible. It allows every worker, piece of equipment and the activities they are working on site to become instantly visible.

With this knowledge you can dial in just the right amount of resources towards each project milestone because you have full visibility of what’s going down on-site every minute of every day, and the progress being made. And when hiccups happen (because, let’s face it, they always do), you can make resources swoop in like superheroes. No more twiddling thumbs or wasting precious resources when folks are in the wrong spot, doing the wrong thing, at the wrong time.

 

Ditching paperwork and timesheets for digital docs

There’s one golden rule in the construction game: the more precise your activity, personnel, and equipment documentation, the less headache you’ll have when it comes to resource deployment, safety, wages and post-event liability.

So if you are relying on old-school manual documentation at construction sites, it’s not going to cut it anymore. Those stacks of forms, papers, and scribbled notes? They’re like an open invitation to human errors. Stuff gets lost, misinterpreted, or filed away in the wrong place. And let’s be real, when the authorities and insurance folks come knocking after an incident, you want a rock-solid paper trail to show who’s responsible, not a paper chase. But guess what? IoT wearables can be the silver lining to this cloudy situation.

Wearable IoT devices are more than just gizmos. Construction crews are strapping them on to capture data in the blink of an eye, track workers and tools all over the job site, keep a close eye on project progress, send instant alerts when incidents happen, and so much more.

No more scribbling away on timesheets, trying to figure out when Bob started his shift or how long Susie’s been on the clock. It’s all automated now, just like those old paperwork woes. Get ready for real-time updates, fewer oopsies, and never again tearing your hair out over tWhen you use technology to streamline your game and kick up efficiency a few notches, you’ll be knocking out tasks faster than ever. Plus, you’ll have your resources on-site working like a well-oiled machine. That means fewer wasted hours, fewer errors to fix, less do-overs, and a whole lot more green stuff on your balance sheets.hat one elusive piece of paper.

 

Getting more out of your workers and equipment

Alright, let’s get real about something important – making sure things run smoothly in the construction world is no easy task. You’ve got to be smart about your resources, costs, and how you run your projects. But here’s the kicker: you can’t do that without the tech edge.

 

Use tech to leapfrog the competition

Technology will enable you to go from being just another player to the star player. How, you ask? Well, the flow of digital data will make things crystal clear, boosting teamwork and project management. It will supercharge your ability to monitor, brainstorm, plan, and solve issues lightning-fast.

But, it’s not all about teamwork — it’s also about working smarter. Thanks to tech and digitization, you’re in the driver’s seat when it comes to making sharp decisions. These tools help you size up risks, plan with precision, and dodge expensive blunders.

Iot tech allows you to say goodbye to surprises, delays, conflicts, and safety scares – you’ll spot them a mile away. Then, with that early heads-up, you can fine-tune your game plan. It’s all about maximizing your resources and taking your project management skills to the next level. Armed with this know-how, your projects will glide along smoothly, become budget-friendly, and, guess what, rake in those sweet profits.

 

How to effortlessly join the digital revolution

The bottom line is that IoT technology will allow you to transform your on-site operations cost-effectively and quickly. Trusstor’s simple IoT approach delivers real-time data and insights from your construction sites to all your team from field managers to project executives.
This data flow fuels detailed analytics, enabling smarter decisions across every inch of your site. And guess what? It’s as easy as plug and play! No fancy setups needed — Trusstor seamlessly integrates with your existing IT systems for unparalleled convenience.

Tech and digitization are your golden tickets to outpace competitors and save big bucks. Harness efficiency, collaboration, and sharper decision-making to up your construction game.

 

Ready to embrace digital transformation to beat inflation and spiraling costs? Schedule a demo with Trusstor and boost your profit margins today.

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