The construction industry has historically been slow to adopt newer technologies. In fact, many contractors today are still operating with outdated technologies and manual processes that make it next to impossible to get the complete data needed to successfully coach projects along as they’re occurring in real time.
In turn, these inefficient processes make it harder to foresee long-term project health and guarantee on-time, on budget delivery. Often contractors face an 11th-hour rush to catch up, correct mistakes and close projects out, which means more up-front costs and less profit.
Thankfully that dynamic is changing as more and more contractors move their operations to the cloud and integrated construction management software platforms to take advantage of real-time data and workflows that eliminate the traditional construction management roadblocks.
So why is a move to the cloud a must? Here are 12 reasons why your construction organization should be considering change sooner rather than later:
1. Real-Time Data Access — Anywhere, Any Time
Moving to cloud-based software means you’re no longer tied to a physical workstation in back office in order to access, share or process project data. You’re consistently connected to your information, no matter if you last checked it on your desktop at the office, your smartphone on the jobsite or your tablet in a coffee shop or remote jobsite trailer.
2. One Source of Data Truth
With integrated cloud software, your data lives in the cloud. If changes get made in the office, those changes are automatically updated for the users accessing features in the field, ensuring that your office and the field teams aren’t working off different sets of data. This means no more wasted time entering in information from a variety of manual processes and translating or rekeying data from one software program to another. Working from one set of data keeps all team members on the same page and reduces the chance for costly errors.
3. A Spike in Productivity
This ability to work in real-time translates into a boost in productivity. Questions get answered immediately. Bills get paid quicker. Information flows seamlessly. The ability to work in real-time, along with the significantly improved processing power of cloud-based software, means your office and the field enjoys a serious lift in project productivity, allowing for a powerful focus on work (and plenty more of it).
4. Mitigated Risks and Conflicts
Having access to real-time information means the chances for mistakes and errors — from the back office to the field — are dramatically reduced. Spot problems as or before they occur and nip issues in the bud before they turn into major problems that require costly rework. And, when conflicts arise between crews, with subcontractors and vendors or external forces, being able to instantly access documents and workflows can be critical to resolving them quickly.
5. A Stronger Disaster Plan
No construction firm ever wants to deal with a disaster, be it a fire, flood or on-premise server failure. With on-premise servers and software just one of these events can bring your company’s work grinding to a halt. Working on software based in the cloud ensures critical data lives in a secure environment protected by the latest security protocols and standards. And all safe from environmental risks. With regular data backups, your construction firm can keep business moving even when uncontrollable problems arise around you. Read why Beyer Group, Ltd. moved to the cloud after Hurricane Harvey.
6. Enhanced Security
With cloud vendors tasked with maintaining the most rigid security measures to protect data in the cloud, they are consistently watching and planning for the very latest security threats. In fact, this level of security protocol now far surpasses the levels most contractors are able to provide themselves with on-premise data storage. Using encrypted security and rich-access permission features, company data remains safely secure in the cloud, accessible only to the sources you want to have access to it. Viewpoint, for instance, is SOC-2 compliant and has brought in third-party cyber warfare defense experts to validate data security measures.
7. Reduced IT Strain
If you’re a construction IT professional, moving to a hosted cloud environment means you won’t have to fret about staying current software updates, data backups or dealing with time-sucking (and costly) server maintenance on your own. Most cloud-based software vendors take care of this for you. Your IT team can focus its resources on other critical business functions that help your bottom line instead of putting it all on pause.
8. The Latest Software Advancements — At Your Fingertips
With the cloud, you get the latest software features and updates the instant vendors deliver them. Simply log in and start using. This ensures you’re always working with the latest tools and functionality at your disposal. No more delays while you wait for updates to your workstation or download a new version for your mobile device.
9. Technology Flexibility
With subscription licensing models and solution bundling options, cloud-based software gives you more flexibility with how your company rolls out and uses software. Determine whether users need full access and functionality or simply role-based licenses that allow access to relevant information they need — with pricing determined by role/use. And as your firm expands, simply change your subscription system to match the changes needed in your software.
10. Cost Savings
When you figure in capital cost expenditures of hardware, maintenance, IT, additional software licensing and more, on-premise software solutions can result in up to four times as much in up-front costs as a cloud-based subscription model. When you add in savings gained from productivity spikes and reduced or redirected labor overhead, moving to the cloud becomes a significantly more cost-effective technology initiative for a construction firm.
11. Scaled Growth and Future Proofing
As changes happen in technology, software and data delivery, cloud-based software provides a platform that allows you to better scale for your company’s future needs and adapt to the latest technologies. As technologies across the globe center around the cloud, future advancements will likely require cloud adoption in order to provide benefit to the end user. So, investing in the cloud today means you’ll be well positioned for tomorrow and beyond.
12. Talent Acquisition
For years now contractors have struggled to attract and retain top talent, as younger generations spurn construction jobs in favor of technology careers. Leading-edge contractors have found that by implementing the latest cloud-based technologies they are faring better at attracting and training folks for construction careers. In turn, these younger professionals are forging new paths of innovation that are helping contractors realize even more productivity and profitability.
With businesses in virtually all industries moving to cloud and increasing demands by project owners that the contractors they use have modern, real-time data and collaboration abilities, time is running out for contractors that haven’t made the move to remain competitive.
Read more about the 5 Steps for a Perfect Cloud Implementation. Or, contact Viewpoint today to learn how you can get your company started in its own cloud transformation.