How Business Process Automation is Changing the Construction IndustryAugust 3, 2017
The construction industry has 650,000 employers and six million workers who create about a trillion dollars’ worth of buildings each year. This industry is transforming how they operate and communicate because of regulatory and technological changes. Innovative design, mechanical and structural solutions have created more complex and sustainable buildings. Construction firms that maintain awareness and adopt the latest equipment, hardware, business process automation, and software advancements will be more likely to succeed.
How Business Process Automation Benefits the Construction Industry
Business Process Automation refers to solutions that minimize costly, manual and time-consuming tasks with streamlined processes that reduce redundancies and operating costs. BPA solutions are designed to eliminate inefficiency and provide companies with competitive advantages. For example, construction planning and administration staff will have more time to focus on quality control and revenue-generating activities. Automated access to information allows staff to quickly handle and resolve problems.
Another advantage of business process automation is system integration. Being able to automate various functions across departments and isolated locations will help create interconnected processes that save time and reduce errors. Many BPA solutions allow companies to create customized rules that assign tasks to the correct people, which can improve productivity because employees only receive assignments that match their duties and skills.
The Traditional Approach
Many construction companies still use email to communication and store data in databases and spreadsheets. Email is fast and safe, but it isn’t the best collaborative tool for bringing together parties and shareholders who may be in different cities, states or countries. When it comes to complex bids and million dollar contracts, forgetting to cc a key figure may delay time-sensitive, decision-making processes. BPA helps construction administration better collaborate with each other, partners and shareholders.
BPA solutions often lead to centralized communication systems and information platforms that allow various users to access, share and download real-time information across different devices at any time. Decentralized data means that there may be spreadsheets with conflicting data and databases that cannot easily export information to readable formats. A lack of centralized transparency can impact project outcomes, staff scheduling, and resource allocation.
Enhanced Business Intelligence
According to Forbes magazine, Big Data can be used to map out procedural routes and help with Business Process Automation. Big Data is being used for everything from personalizing customer experiences to re-evaluating risk management decisions to identifying the root causes of failures in real-time. The construction industries will benefit from BPA solutions that offer enhanced, in-depth business intelligence and customized reports.
When combined with artificial intelligence and machine learning solutions, Big Data can create powerful internal sensors, superior data intelligence and better data collection sources. Open accessibility to historical project data sets will eventually reduce costs, avoid mistakes and increase ROI. Companies that deal with intensively competitive markets and tight deadlines and budget restricts will benefit from more insightful business intelligence.
Better Data and Project Management
Any company that uses a project management approach to handle individual contracts, accounts and initiatives will need to streamline their standardized processes. One of the main objectives of business process automation is to help people better review objectives, update tasks and follow activities. Companies may benefit from using collaborative data management platforms that help with providing feedback, exchanging ideas, tracking statuses and troubleshooting roadblocks.
All of this will enhance data management, timeliness, and accessibility. For example, many companies are still using multiple legacy systems that create disparate and disconnected data sets. Outdated legacy systems usually cannot offer the reporting capabilities needed to gather, segment and glean actionable insights from data. Instead of using costly consultants or data scientists to interpret the data, there are more affordable solutions available.
Business process automation is one of the best tools to help construction firms reduce waste, increase quality and standardize processes. Many of these solutions offer excellent flexibility, scalability, and interoperability.