The construction industry faces challenges, including worker safety and unexpected cost overruns. Companies in this industry are continually seeking ways to improve operations, and IoT offers a new source of solutions. Here’s what you should know about IoT in construction.
The construction industry includes a variety of segments, such as residential and commercial construction, industrial construction, and infrastructure. While the industry has experienced significant growth, high capital expenses around assets like equipment, and labor efficiency can pose some unique challenges for construction companies and even companies in other segments of the value chain. Customer satisfaction can be a challenge as well, often hampered by time and budget overruns. If there is an industry ripe for the benefits of IoT solutions, it’s construction.
There are many ways that IoT is already improving the construction industry today. Construction companies are improving processes, increasing safety, reducing theft, making inventory and cost monitoring more accurate, and reducing environmental impacts.
IoT can benefit the construction industry in many ways. Let’s look at a few of them.
There are a lot of great use cases for leveraging IoT in construction, from tracking the location of equipment to measuring usage efficiency to monitoring inventory. Here are several examples of IoT in construction.
Through the use of IoT technology, construction companies can improve all aspects of their business operations while making work safer and more efficient for their employees.
So where do we see the construction industry heading in the near future? Construction companies will be able to better track equipment, workers, and supplies to improve efficiency, safety, and outcomes. This will, in turn, improve the bottom line and in some cases improve customer relationships. When the cost overruns and time delays that have consistently plagued the construction industry are reduced, customer satisfaction will improve. Additionally, device data can be analyzed to improve operational decision-making.
We expect smart technology to proliferate, from smart homes to smart businesses to smart government buildings. IoT will increasingly enable greater efficiency on worksites and will enable new business models like collaborative contracting and performance-based contracting that will establish the foundation for new and different relationships. There are plenty of developments in IoT in construction that are worth watching, and it will be exciting to see how the expansion of IoT usage in this industry benefits everyone.
Learn more: Future of IoT: What to Expect in the Next 5 Years
Zipit supports the exciting opportunities in the construction industry by working with customers to offer top-tier networks to support all of their IoT ventures. We provide premier carrier connectivity from the best cellular service providers around the world. You can easily manage all aspects of your IoT-enabled business with our sophisticated and intuitive multi-carrier platform. Leverage it for your subscription billing, management of device connections, and more. Our customers love being able to take full advantage of the power of IoT connectivity with this effective and easy-to-use foundation.
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