Engineering and Construction industry is having an interesting time and growth especially in emerging markets that look at creating new cities to cater for the growing population of their countries, or open up new destinations, hotels, or projects for tourism. The industry has been facing several challenges for the past years, with a slow near to stagnant productivity levels, and some industry players claim a decrease in the productivity, although projects nowadays are getting more complex that the old days.
Worth mentioning that, the construction industry as a whole, is slower in technology adoption that other industries. Surveys have shown over the past years that industry stakeholders continue to under invest in the technology, despite acknowledging the benefits of how tech can help them in increasing productivity and managing the projects effectively. With the rising cost of labor and material, there is always a hesitation on where to invest next.
At Coberg, we work with engineering and construction leaders to identify the areas of potential improvement and where you can eliminate manual, time-consuming and labor-intensive processes, reduce IT spending and increase the productivity per head count.
Data-driven culture matters. Being objective about processes and what to digitally transform matters. Enterprises that implements a data culture will stay true and objective about their business problems; being able to answer questions like what is the problem? what can be done to solve it? – most of the enterprises nowadays have lots of data but this doesn’t mean that it means something. To use the data, you need to have solid foundation, and to have a solid foundation, you need to use the data creatively.