The construction job site is now ripe for fundamental changes that enable productivity, safety, process improvement and new tools. The Internet of Things (IoT) is allowing for the deployment of simple low power sensors that are able to communicate cost-effectively. As IoT continues to become more ubiquitous, it’s having a greater impact on how the construction industry is turning around. IoT makes it possible for every stakeholder to understand what’s happening at every stage of the construction process in real-time from planning to actual construction, post-construction and how the building is operated during service.
While the construction industry is changing at a glacial pace, construction companies who are adopting technology to successfully address common workplace concerns and streamline processes are benefitting from increased efficiencies and improved responsiveness to the increasing demands of the industry. Flat productivity, decreased margins, more schedule overruns and increased competition are some of the obvious reasons construction companies should consider the adoption of IoT technology and digitization. Data has now become a critical asset for business, and informed decisions can only be data-driven.