How Digital Transformation Reduce Infrastructure & Construction Project Costs?
Globally infrastructure industry has been slow to adopt process and technological innovations. The share of IT costs in infrastructure revenues is less than 1%, while in other industries it is much more than 3%. After covid many industries adopt digital technology at both the management level and at the field level of a construction project to make management more efficient, productive, and reliable.
The construction industry relies heavily on paper to manage its processes and deliverables, such as plans, project execution, procurement equipment logs, daily progress reports and punch lists, etc. Due to lack of digitization, information sharing is delayed from project site to top executives. As a result, owners and entrepreneurs often operate under different versions of assessment.
Project owners and top executive often use different platforms that are not in sync with each other. As a result, there is no single source that provides an integrated, real-time view of project design, cost, and schedule. Owners often believe that their responsibility ends when the contract is signed, forgetting to pay the financial costs associated with the delay. Contractors, on the other hand, often do only the bare minimum necessary to meet the terms of the contract, leaving significant value on the table. This is the most important reason why the industry has had a poor track record of project assessment and by adoption of new technologies, and approaches via HVI mobile app they are able to reduce cost guaranteed.
With DOT and OSHA compliance both extremely important in this industry, Daily Vehicle Inspection Report (DVIR) archiving demands required by the DOT were drowning the team in a sea of paperwork. Like many businesses, the larger the fleet size the more burdensome the paper-based DVIR administration and storage becomes.
Digital transformation means moving from paper to online, real-time information sharing to ensure transparency and collaboration, timely progress and risk assessment, quality control and ultimately better and more reliable results. The availability of affordable mobile connectivity, including via tablets and laptops, has led to a new generation of "mobile first" cloud-based HVI mobile app that can be deployed even at remote locations with real-time updates. Commercially viable for top executive and project owners of all sizes industry. By applying HVI app based advanced analytics to construction projects can help improve efficiency, schedules and risk management. Advanced analytics in time decision making helped a major infrastructure project globally save time and money when project managers worked with a data analytics firm to create a web-based adaptive instrumentation and monitoring system.
Technology has been constantly changing and evolving through time, which has changed businesses. With Digital Transformation comes new and inventive improvements to construction businesses and industries. Now Project Execution easy with HVI mobile app. Eventually, the results are cost overruns, execution inefficiencies, and even project terminations.
After covid the construction industry has prompted more precise schedules and reduced margins by adoption HVI single mobile app platform in local language mobile apps with unlimited user access to improve project planning. Many tasks in the construction industry are supported by digital technologies, including planning and budgeting and real-time work monitoring possible by HVIM Platform Secure Cloud Mobile App Platform to digitize remote field/site operations Up-to-the last mile via asset data availability On any smartphone or Tablet, desktop and control room digital displays. Digitization of construction promotes expansion, improves profitability and promotes sustainability.
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