Report on Trends in Information Technology by Sage Construction
A recent survey conducted by Sage Construction took a look at trending information technology (IT) in 2014 within construction businesses located in North America. James Benham, President of JBKnowledge, (makers of SmartBidNet, SmartReality and SmartCompliance) provided input for this particular survey and was privileged to be mentioned as a contributor.
As construction companies become more reliant on technology, the information technology department must grow to meet those needs. This growth requires an increase in staff that can handle the highest amount of productivity possible. As of now, Sage’s report shows that IT usage has not been maximized by construction companies and the percentage of revenue that is annually being spent on IT, 1%, is well below other industries.
“Well-developed IT capability and personnel can have an incredible impact on the scalability of a business. In times of growth, automated systems and processes allow operationally focused personnel to accomplish more with fewer workers. For labor intensive contractors, simple activities such as tracking timecards in the field and processing payroll can involve painful redundancy without the proper systems in place. Investments in IT allow operations staff to focus on what they do best, installing work, without exhausting highly compensated resources on clerical tasks.”
Taking a step forward to improve business and customer satisfaction by investing in strategic information technology could drastically change the projection and impact of growth for the construction industry.