ways construction companies can use tech
Blog

Five ways construction companies can use tech to boost their bankroll and beef up profit margins

By: Omri Sorek
23 July 2023
4 min

If you want to stay ahead of the pack in construction, it’s time to embrace the power of on-site digitization. Trust me, this ain’t some fancy talk. It’s about gaining a serious, razor-sharp edge over your competition while saving cash along the way.

So, here’s a quick dive into the five ways tech and digitization can boost your bankroll and beef up your profit margins.

#1 Rescuing your team from paperwork hell

Say goodbye to manual paperwork and hello to digital data flows. Wearable IoT (Internet of Things) devices are more than just fancy gadgets. Construction firms are using them to capture data on the fly, track workers and tools around construction sites, keep tabs on the progress of on-site projects, document any incidents, and much more. No more manually filling in timesheets for daily workers to track when they started work and for how long. This is all automated like other manual paperwork processes. It’s all about real-time updates, less room for errors, and no more frantically searching for that one piece of paper you can never find.

#2 Trimming the fat by streamlining your processes

Technology can enhance on-site efficiencies while minimizing costs. For example, imagine the control and effectiveness of having a manager to oversee each room of your project but without the financial impact of it. Digitization using IoT wearables can deliver this and more. Each worker and equipment can be accounted for in real-time ensuring that just the right amount of resources can be used for each project milestone and when problems arise resources can be deployed as necessary. No more wasted time and resources from workers being in the wrong place, doing the wrong task at the wrong time.

#3 Supercharging your profit margins

Okay, so now let’s talk money. Saving it is always a good thing, right? Well, with streamlined processes and improved efficiency, you’ll get more done in less time. You will also be able to track and deploy resources more effectively on-site, which means fewer labor hours wasted, fewer mistakes to fix, less re-works to complete, and more profits in your pocket. It’s a win for your bottom line. Your liabilities will also be lower thanks to digitized and precise documentation, to facilitate effective post-event claims processes and risk management. You’ll see insurance claims dwindle and insurance premiums shrink as a result.

#4 Crushing the competition: how to dominate the game

Better resource deployment, more effective cost management and more efficient project management are a sure way to gain competitive advantage in the construction sector. However, without the use of technology attaining such a competitive advantage is not a realistic option. Now, let’s talk about the big “C” word: competition. Tech and digitization can take you from being just another player in the game to being the MVP. How? By giving you the power to seamlessly collaborate. Digital data flows increase transparency and empower collaboration and project management. This makes it far easier to share updates, exchange ideas, plan and resolve issues faster than ever before. No more endless email chains or missed messages. You’ll be the king or queen of collaboration, and that’s a game-changer.

#5 Radically improving your decision-making game

It’s not just about collaboration – it’s about making smarter decisions too. Tech and digitization help you assess risks, plan better, and avoid costly mistakes. That means you can spot potential delays, risks, conflicts, and safety hazards early on. Then you can adjust your plans accordingly, always focused on optimizing resources to ensure next-level project management capabilities. Equipped with this insight, your projects will run more smoothly, become more cost efficient and will deliver optimal profits.

Get with the times: Going digital made effortless

 

Trusstor will supercharge your digital transformation and turn your field managers, site engineers, project managers and construction executives into superheroes with x-ray vision to see and understand the status of your construction sites in realtime.

Everything will become transparent with the real-time tracking of workers, tools, and equipment. This flow of data creates a world of analytics to inform better decision making across every square inch of every construction site. And get this, my friends: it’s plug and play! No need for fancy infrastructure, cables, or power supplies. Trusstor can even work with your existing IT systems, using their data. Talk about convenience. This means your on-site activities become crystal clear and traceable in a split second.

So there you have it. Tech and digitization are your ticket to competitive and cost advantages. Embrace the power of efficiency, collaboration, smarter decision-making, and start saving some cold hard cash and become a superstar of the construction game.

Discover how Trusstor can give you the edge over your competition and increase your profit margins by scheduling a demo now — https://trusstor.com/get-started/

More resources
News and events
Trusstor Joins FIU’s Industry Advisory Council
By: Marketing Team 2 min
Trusstor Joins FIU’s Industry Advisory Council to Support Education and Skills in Construction Sector Trusstor has officially joined the Florida International University (FIU) Moss Department of Construction Management’s Industry Advisory Council (I...
Trusstor Issues Launch
News and events
Trusstor Launches ‘Issues’ to Record, Assign and Track Tasks On The Fly During On-Site Inspections
By: Marketing Team 2 min
New York, February 20, 2024 — Trusstor, a construction operations platform bringing together a zero-intrusion IoT solution with advanced oversight, reporting and analysis capabilities, has launched Issues, an ultra-smart, easy-to-operate task managem...
News and events
Trusstor Launches Executive Dashboard
By: Marketing Team 1 min
Trusstor Launches Executive Dashboard, Giving General Construction Senior Managers an Instant, Real-Time Overview of the Performance of Multiple Projects   Trusstor, a construction operations platform bringing together a zero-intrusion IoT s...
News and events
Trusstor’s Progress Analyzer Delivers Full Visibility of On-Site Activity to Drive Executive Decision-Making
By: Marketing Team 2 min
NEW YORK, March 26, 2024 — Trusstor, a construction operations platform bringing together a zero-intrusion IoT solution with advanced oversight, reporting and analysis capabilities, has announced the launch of its Progress Analyzer tool to enable exe...
digital transformation in the construction industry
Blog
How to make a confident leap to digital transformation in the construction industry
By: Omri Sorek 5 min
Learn the steps to confidently embrace digital transformation in the construction industry. Make your leap today!
News and events
TOP 100 construction tech firms presented by BUILTWORLD and PWC
By: Marketing Team 1 min
Trusstor is part of the top 100 construction tech firms presented by BUILTWORLD and PWC. Discover the list of those amazing and game-changer Tech firms:   READ PRESS RELEASE
Navigate the Construction Jungle - Trusstor
Blog
Navigate the Construction Jungle: Record, Assign and Track Tasks On The Fly During On-Site Inspections
By: Marketing Team 4 min
Precision and attention to detail are the unsung heroes of the construction game. That's where construction site walkabouts swoop in to zero-down on the fine detail bigger project workplans miss. Walkabouts make projects shine by ensuring the nitty g...
The construction advantage
Blog
The construction advantage
By: Omri Sorek 2 min
Unlock the unique advantages of modern construction methodologies. Step up your building game.
cut costs, optimize efficiency and raise safety standards
Case studies
A global general contractor expands use of Trusstor after increasing on-site cost efficiencies and safety
By: Marketing Team 5 min
Extending its use of Trusstor across eleven of its fifty-two construction sites comes after pilot project showed the construction firm the potential to boost efficiencies.
News and events
10 high-tech solutions to make construction smart and safe
By: Marketing Team 1 min
10 high-tech solutions to make construction smart and safe:   Israelis often joke that the crane is our national bird because the horizon of this young and growing country is dominated by construction cranes. Many construction projects drag...
News and events
Trusstor’s 3 steps for enhancing Lean Construction
By: Marketing Team 1 min
On-time, on-budget, on-point, Trusstor's 3 steps for enhancing Lean Construction   Adopting Lean Construction improvements isn’t always smooth. General contractors’ Lean initiatives are often hampered by an invisible threshold for identifying ...
News and events
Trusstor Integrates with Autodesk Construction Cloud
By: Marketing Team 3 min
New York, January 9, 2024 — Trusstor, a construction operations platform bringing together a zero-intrusion IoT solution with advanced oversight, reporting and analysis capabilities, has announced its integration with Autodesk Construction Cloud®, a ...
Blog
Catastrophe avoided: navigating the daily hazards that cause disruption on constructions sites
By: Omri Sorek 7 min
Let’s take a closer look at some of the usual suspects when it comes to derailing progress on construction sites and how Trusstor can help avoid our worst on-site nightmares becoming a reality.
About us
Blog
Closer to the advantages of lean construction and further from the challenges
By: Omri Sorek 3 min
Closer to the advantages of lean construction and further from the challenges. Learn more on our new article.
A day in the life of a construction executive by Trusstor
Blog
A day in the life of… a construction executive (empowered by Trusstor)
By: Omri Sorek 7 min
Step into the shoes of a construction executive empowered by Trusstor in this insightful blog series. From real-time project monitoring to profit maximization strategies and prioritizing safety, Trusstor transforms the daily tasks of construction exe...
ways construction companies can use tech
Blog
Five ways construction companies can use tech to boost their bankroll and beef up profit margins
By: Omri Sorek 4 min
Here’s a quick dive into the five ways tech and digitization can boost your bankroll and beef up your profit margins.
News and events
125 Contech startups to watch in 2023
By: Marketing Team 1 min
Trusstor has been selected to be featured in Shadow Ventures' list of 125 Contech startups to watch in 2023 The ConTech narrative whispers you’ve heard are correct both anecdotally and quantifiability: ConTech has proven it can create dec...
high-tech solutions to make construction smart and safe
Blog
Why tech can now promise builders an era of reduced liabilities and risk
By: Omri Sorek 5 min
Discover how technology is reshaping the construction industry, promising builders reduced liabilities and risks.
Blog
Driving Digital Transformation in Construction: Trusstor’s Top 3 Innovations in 2023
By: Omri Sorek 5 min
Trusstor’s 2023 top 3 innovations, including the Dynamic Workplan for streamlined planning, the Executive Dashboard for instant project insights, and the Analysis Hub for real-time data analysis. Crafted by builders for builders, Trusstor seaml...
A Day in the Life of a Construction Worker - Trusstor
Blog
A day in the life of… a construction worker (empowered by Trusstor)
By: Omri Sorek 5 min
Construction workers are the backbone of any construction gig. You’ll catch them prepping the site, operating heavy machinery like pros, and mixing up that concrete magic. They’re basically the ones who get the job done, assembling struct...
See for yourself

how you can cut costs, optimize efficiency, raise safety standards, and start building smarter.