Technology reaching the construction industry is not surprising at all. We are already in an era where technology and the internet are two of the essential things that make a business more efficient and effective.
Although it’s tough to imagine how the technology works in construction, knowing that the major component in this industry is manpower, there are actually areas that can be touched by automation. With the help of a more advanced system and tools like traffic cones, companies can run and complete more construction projects faster.
This means that the future is bright for construction businesses now that there are also the latest trends to watch this 2020 and for the years to come.
1) The Use of Computers To Design Buildings
Before technology, engineers and architects use the conventional way of designing buildings–manual drawing and blueprints. Imagine the time it takes to complete those designs prior to starting the construction project.
Today, the construction industry is slowly adapting to the use of computers to make designs and sketches. This is more efficient compared to the traditional method, as there is plenty of available software and other electronic resources.
And since engineers and architects are also starting to use technology at schools, we are already on the way to normalize using computers for building layouts.
2) Prefabricated construction materials
Another trend that you have to eye for is the use of prefabricated construction materials. Prefabricated materials are usually assembled in warehouses before bringing them to the construction site. Suppliers are also adapting to this new trend to get more customers from the industry.
If they sell materials that are ready to put up already, it’s easier for construction companies to build projects and complete them in a timely manner. Thanks to technology, construction materials have evolved now, and they will continue to make things simpler for companies in the coming years.
3) Green technology
There are businesses and companies that are using green technology already. In the construction industry, this involves using eco-friendly materials for buildings and infrastructures such as solar panels and other energy-efficient components.
This latest trend is helpful for construction companies as they can offer clients great options, especially now that people are looking for ways to save power and energy. In this sector, technology is not just about automation and artificial intelligence but also something that can help companies and businesses minimize their expenses.
4) CRM and ERP systems
Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) are both vital in a business. Actually, companies across different sectors are already using these systems. Now that technology has extended to the construction industry, construction businesses are beginning to find out how ERP and CRM can be digital aids for them.
What these systems can do is to encourage better and faster economic work. CRM strengthens the interaction of the company to its clients while ERP controls and manages the processes within the business. CRM systems are made to help construction companies generate more significant revenue while ERP systems aid them in reducing their costs.
5) AI and IoT
The construction industry is seeing artificial intelligence (AI) as one major component of construction technology. Everyone is aware that AI is present in machines that can perform cognitive tasks such as solving problems without human interaction and recognizing patterns.
AI needs enough data in order to do a specific job, and once it starts working in this field, it gets better and better. One great example of how AI can be an advantage to construction companies is by forecasting cost overruns. With this forecast model, a company can compute realistic constraints in time, which is helpful for controlling a project.
Meanwhile, the “Internet of Things” is another version of the technology that gives new opportunities for companies in the construction sector. Fire alarms, access control, detection systems, sensors that use the internet, and emergency call systems provide better security buildings and infrastructure.
IoT is considered as a wireless intelligence in this industry, and this is better combined with AI. Both AI and IoT open new doors and pathways for construction companies to become more efficient and effective in terms of providing services to clients and increasing sales and profit at the same time.
John James is a content writer for Learn To Trade, the foreign exchange education and learning specialists – offering a range of training courses to help people understand the currency trading market, as well as its opportunities and risks.