Construction needs to embrace technology, not avoid it, part 1: Introduction
(Editor’s note: Over the next couple weeks we will be posting a few blog entries discussing why it is important for contractors to embrace construction software and other technological advancements. This post is the first in our impromptu series.)
In today’s construction industry, budgeting, estimating and accounting is, for the most part, done with construction software. Moreover, contractors can pull up lists of sales leads within seconds. Even something as simple as driving a nail is done using technology.
Now, flash back 10 years ago. Very few people owned GPS systems, email wasn’t as commonly used, and contractors were calculating construction estimates with a pen and paper.
Clearly, much has changed. In a recent article, Avoiding Technology is Un-American. Know What’s Coming, and Profit From It, Erik Cofield of BuildTopia discusses the changes in technology over the past 10 years and how embracing these change will benefit those in the residential construction industry.
Although some residential contractors may have been reluctant, most have accepted technological changes in one way or another, whether by creating a company email account or by installing a GPS system in the company trucks.
However, according to Cofield, only those who fully embrace these changes will largely profit from them. For example, contractors who have integrated construction software into their daily routines save time and money on everyday tasks such as bidding and contracting, gain better insight into their company’s cash flow and, in general, stay ahead of their competition.
What, then, does technology hold for the future? According to Cofield, the construction industry, like so many others, will soon be dominated by wireless networks, allowing contractors to work from multiple locations. The wants of the consumer will change and ultimately shape the market for new products, such as the current high demand for “green” products. Lastly, residential construction superintendents will be able to manage data quicker and easier, allowing them to take on more lots and units than ever before.
Cofield predicts that, despite the clear advantages that come from embracing technology, many builders will not make the changes necessary to profit from it. But what about you? Has your company gone through a lot of changes in the last 10 years to accommodate technology? What advantages have these changes brought you? Finally, do you see yourself continuing to adopt new technology?
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