Scaling the Construction Industry at Speed: Benefits of Digitalizing
The construction sector has traditionally been slow to embrace change. However, with the new regulations, the growing demands of circular economy and urgency of climate action, and rapid pace of digitalization, the sector now faces a critical question: how to embrace digitalization while being sustainability focused across all stages of the construction process?
In these demanding conditions, investors, project owners, and contractors seek visibility and a comprehensive understanding of the ongoing project. Addressing concerns related to costs as well as the environmental impact throughout the entire building lifecycle is essential. As innovation continues to drive efficiency, the construction industry must also adapt. Leveraging digitalization can transform project planning, execution, and management. At Tech Mahindra, we empower businesses to digitalize processes, for better transparency and smoother project execution. This blog provides insights into its strategic benefits throughout the construction lifecycle.
How Digitalization is Revolutionizing the Construction Industry?
Shifting operations to a digital platform unlocks greater transparency and insight by leveraging project data for better management. This allows the teams to have a better understanding of all the documents and processes, providing a deeper knowledge of the projects throughout the lifecycle. This leads to improved communication between different stakeholders in the project, resulting in better execution when risks can be detected earlier. With the power of digital solutions, almost everything is possible.
In the physical world, we encounter many limitations. Project stakeholders are not always in the same location, and commuting to meetings can be logistically challenging. The traditional binder system takes up a lot of space and requires manual effort to store, organize, and retrieve the right information. Important documents are susceptible to loss or damage—common issues like accidental spills can pose a significant risk. Additionally, and as an example, verifying whether paper records from landfill and earthmoving sites have been accurately sorted is often a complex and time-consuming task.
There are countless processes that can be streamlined through digitalization, offering significant improvements to process efficiency and overall business performance. In a manual environment, a lot of time is wasted searching for documents, deciphering handwriting, locating the correct paperwork, and ensuring that all the necessary documents are in order and up to date.
Digitalization gives project managers a greater sense of control. Instead of relying solely on humans for paperwork, it allows leveraging computers to assist in real-time, at any location, and for all stakeholders in a project. At Tech Mahindra, we offer a variety of proven software solutions and business processes to support your digital transformation journey, allowing you to elevate your overall business operations.
The Benefits of Digital Transformation
The benefits of digital transformation offer numerous benefits in transforming how organizations operate and compete in the modern landscape. A few of them are:
- Improved Work Efficiency and Accuracy: Digital transformation helps streamlining processes, leading to improved operational efficiency and accuracy.
- Timely and Effective Collaboration: It makes stakeholders collaborate in a timely manner and more effectively, enabling you to source global talent remotely for your project—right now, at your site.
- Cost Savings and Enhanced Visibility: It results in cost savings and improved visibility into expense patterns, along with improved predictability of future costs.
- Better Predictability: It enables improved forecasting with more accurate predictability of future costs.
- Risk Reduction: Digitalization also reduces risk at every stage of the project while providing valuable data on project performance compared to the planning phase—data that can be used for future project calculations.
At Tech Mahindra, safety and security are top priorities. Our technology can provide alerts about potential risks and notify project supervisors in real time, ensuring swift emergency response if needed. We can help you identify project risks and assist in mitigating them. Communicating safety hazards is critical, and digital tools enable access to grant third-party investigations when necessary. Technology empowers us to learn and teach—whether on-site or across borders—through online platforms.
How Can Your Company Start Its Digital Journey with Tech Mahindra?
At Tech Mahindra, we are committed to supporting your digital transformation. Contact us to schedule a meeting and explore customized solutions for your business requirements for a smooth digital transformation.
