Construction Business Owner Publishes “The Smart Technology Advantage”

With the adoption of technology platforms and cloud-based software low among construction industry participants, those that do adopt such technology can put themselves at a distinct competitive advantage. While “construction technology” is a buzz-word permeating the industry, it’s unclear what the understanding of construction technology actually is.

“Smart” Cloud-Based Construction Technology

Construction Business Owner Construction Technology ArticleIn “The Smart Technology Advantage”, an interesting article by Martin Roth published by Construction Business Owner, Martin specifically sets out benefits that can be gained through the adoption of cloud-based “smart” technology platforms by construction industry participants. These benefits, which include greater profitability and optimization of processes, are especially important in a rebounding and growing economy.

Construction industry participants have an ever growing number of ways to utilize new technology to their advantage, from cloud-based enterprise software to manage receivables and reduce financial risk, to mobile collaboration over blueprints, to project management software. Adopting this technology, and integrating the benefits of the available technological assistance into your company’s processes can be the difference between growth and stagnation, or taking the lead and getting passed up by competitors.

Smart companies use all the tools available to put themselves in the best possible position. The adoption of smart technology platforms to accomplish this is the next step for successful construction industry participants.

Technology Advantages Even More Necessary in Rebounding Economy

Martin-zlienAt the beginning of 2013 the construction economists forecasted a “rebound.”  They did it again at the beginning of 2014.  And now, at the beginning of 2015, they are promising a rebound again, but stressing that this time, the promises will be coming true.  The difficult thing about rebounding economies, however, is that present surprisingly perilous cash situations for business.

In “The Smart Technology Advantage,” Martin explains:

One of the obstacles that contractors face in a rebounding economy is higher default rates, which create a domino effect in the payments cycle. In an ENR article “Beware the Recovery: What History Teaches Contractors and Sureties,” Professor Thomas Schleifer discussed the financial challenges that await contractors who are looking to expand business as the economy turns around.

Given this reality, companies can leverage technology to offset some of these risks.  To learn how, take a look at the Construction Business Owner article, or Learn More About One Smart Technology Platform By Following the Link Below:

[zlien id=”26429″]


Posted

in

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *