Redefining Processes in the Construction World with Telematics
After decades of manually handling tasks, the construction industry has found the key to enhance operation and drive more revenue by adopting bleeding edge technologies such as machine learning, predictive analytics, and telematics.
Using telematics, construction firms are now able to track non-powered or non-mobile assets, use QR codes and RFIDs to track light towers, generations, trailers, and hand tools, which was nearly impossible before. These functionalities are also enabling enterprises to build processes to take better care of equipment, as items tend to get lost or stolen on large job sites or sites with multiple vendors coming in. In some cases, these tools and equipment are expensive and require an influx of money to buy them. But now, the construction world does not have to worry about reinvesting in lost items as they can always keep an eye on their equipment.
With telematics, companies are able to change their business and step ahead, as they are able to understand where they lack and how they need to improve in terms of operations, workforce management, and asset management, among others. Additionally, this feature eliminates the need for staff to record details such as employee hours and other paper works, saving time, and significantly reducing labor costs.
Although these technologies are still in their initial stages, experts believe that they will help make the big leap towards a greater tomorrow for the entire construction industry.