When a firm is just beginning, the business owners can feel a range of emotions. It's exciting to start your own business venture, but it can also be an intimidating process. There are so many things that could happen in the future, especially when the business is new and trying to grow.
Data makes the world go round. With access to high-speed, readily available information, companies across a range of industries can ensure smart decision making and better investments. Even the construction industry isn't immune to data and digital transformation.
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Contractors are increasingly adopting new technologies to give themselves an edge over the competition. According to a recent study from USG Corp. and the U.S. Chamber of Commerce, 74% of contractors expect to adopt advanced technology within the next three years. The majority of them are doing so to increase labor productivity.
Construction projects run on strict deadlines, keeping up with client demands, weather changes, missing supplies, and other problems to complete on schedule. A disruption can throw a figurative wrench into the works, making the job that much harder. What are some of the most common sources of disorder, and what can company owners and supervisors do to minimize this risk during their next project?
The construction industry is in growth mode across the globe. Construction output is projected to grow 85% by 2030, highlighting the ever-increasing opportunities for professionals in the field. At the same time, there is a lack of skilled laborers, and those same construction companies state they have a hard time filling positions.
The Internet of Things (IoT) has incredible implications for the field of construction. It's already proven its value in health care, manufacturing, transportation, and other industries where automation and systems management are critical. With its many applications, it has the potential to improve productivity and safety on jobsites.