At the beginning of 2020, we know just how much the construction industry lags behind other digitalization sectors. The effects of covid-19 on the global construction industry are undeniable. We see substantial moves forward into a new way of working as construction businesses find themselves at a pivotal juncture.
Across the board, the pandemic has changed the way we work (see our previous article: https://dashcoar.com/the-reimagined-workplaces/ ). Early 2020 saw unscheduled job sites’ closures, supply chain issues, lack of materials, and projects put on hold for construction. These issues have affected productivity, the workforce, and stunted cash flow for many businesses. Long before covid-19, many construction businesses’ processes, operations, and procedures were considered outdated, and the current climate is shedding light on this. The benefit is that companies can now identify the gaps to be bridged through digitalization. For many companies, embracing new technology to keep on track during covid-19 has meant fast-tracking technology solutions that would otherwise have taken years to integrate.
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The ranking of the most innovative economies
The 2021 Bloomberg rankings reflect a world where the fight against Covid-19 has brought innovation to the fore – from government efforts to contain the pandemic to the digital infrastructure that’s allowed economies to work through it and the race to develop vaccines that can end it.
Innovation is often measured by new ideas, new products, and new services, but their “diffusion and adoption” is the real success metric.
Source: Bloomberg.com
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The potential impact of digitalization and advanced technology will have on the construction industry is enormous, and so exciting to see what’s on the horizon. Covid-19 has undoubtedly brought challenges but is also a catalyst for the digitization of construction. The trends taking shape now amidst the pandemic will pave the way for the coming years on our road to recovery. Businesses willing to try new technologies, introduce different ways of working, and embrace digitalization have the potential to emerge even stronger than before.
Role of Dashcoar – What can we offer you?
We coordinate and analyze of urban statistical and spatial data, including data visualization and dashboard design, to support decision-making processes for making livable and sustainable cities. We are consulting with construction, and architecture firms to help them apply the right innovative solutions in their daily progress by analyzing their generated DATA for a more efficient and satisfying work environment. We facilitate the building and strengthening of mutually beneficial relations between the municipal and the business sector. Use Big Data analysis to become a part of the digital transformation with us!
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/2021.02.15/
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