A GUIDE FOR CAPITAL CONSTRUCTION
5 SIGNS IT ’S TIME TO UPDATE YOUR SOFTWARE SOLUTION
5
THE COMPETITION IS EVOLVING
From material concerns to labor shortages, construction organizations all share similar challenges. The problems you’re facing resonate with hundreds of other stakeholders in similar roles worldwide. You aren’t the only one asking these questions, which means other organizations are already taking action.
Right now, your industry peers are either elevating their processes and capabilities to match or exceed what you’ve already built. It’s one thing to be the alpha test of a new capability, but as more organizations adopt a digital-first strategy, there comes a time when companies must either join the transformation or risk falling behind.
Fortunately, with the swell in competitor transitions comes an opportunity to observe, discuss, and adapt accordingly. There are thousands of stories of both successful and short-lived transformations. Leverage those resources as you consider your own changes. Talk to industry peers, join webinars, and use that information to chart your course and identify opportunities for you to exceed the industry standard.
The unified team can better identify potential obstacles and work together to find creative solutions.
SUPPORTING GREATER COLLABORATION
Today’s stakeholders are smarter than ever. The Internet makes it easier for them to assess vendors, vet potential partners, and understand why specific change orders may or may not be necessary. This shift has led to an increase in collaboration across the project lifecycle. Together, owners, contractors, and engineers are working to make decisions that produce an optimal outcome.
But every party needs access to the same level of information if they’re to communicate effectively. Transitioning to more integrated software solutions increases the democratization of data and improves project transparency. This unilateral increase in visibility helps share risk across all stakeholders, not just the contractor, so the unified team can better identify potential obstacles and work together to find creative solutions.
Transitioning to more integrated software solutions increases the democratization of data and improves project transparency.