The engineering and building trades industry has fallen behind other industries regarding digitization to enable growth, evolution, and productivity. However, the construction firm still uses the standard methods of handling their business activities. The crippling effects of the COVID 19 and the lockdown on the construction industry can’t be undermined; hence it is only suitable for contractors, architects, and other industry professionals to catch on to the trends that will improve their service delivery. That said, here are online trends that will transform the building trades industry.
Cloud storage and computing
Conventionally, contractors and engineers execute business operations in a centralized office space. But with cloud storage, contractors can access their work files, logistics and retrieve documents remotely. In addition, data stored in the cloud makes it simple for industry workers to assess measurements and manage logistics.
For example, two architects working on a project can easily compare plans and designs remotely with cloud solutions. Also, cloud technology like SaaS can allow project supervisors to check the progress of projects in real-time without having to journey unnecessarily to site locations. Elevator installers, plumbers, and other industry professionals can easily collaborate on and off-site with cloud services. Most notably, cloud computing in construction lays the foundation for advanced construction technologies like big data analytics, building information modeling, and virtual reality.
Hosting webinars and digital events
Digital events can be an excellent alternative way to promote business activities in the construction industry. Construction industry gurus can host virtual events that will help build and better their brands. For example, an architect can use Zoom webinars to present a project design to various audiences. Construction industry professionals can also take advantage of these to tender for contracts, sell building materials to other business affiliates, or even sensitize other industry professionals on construction safety.
Employing SEO services
Construction business owners can employ SEO services as a good strategy for marketing their brands. SEO is a combination of techniques you can use to optimize your business for search engines. When people need information closely related to your company’s services or any valuable information related to the industry, they’ll probably have to ‘google’ it. Search engine optimization will boost your ranking in search results so that you’ll easily be noticed by users seeking information. For example, SEO Services can help a building materials trading business rank higher in organic search results and increase online traffic.
Smart contracts on a blockchain
Most construction industry workers have their duties and other information bound to contracts. However, you probably didn’t think about a digitized and automated contract system that would provide seamless and convenient contractual agreements. What are smart contracts? Smart contracts are digital contracts stored on a blockchain automatically executed when predetermined terms and conditions are met. Smart contracts offer various parties involved in a project a centralized system to do business. These technical business activities may include scheduling meetings, meeting project deadlines, stage progression, funding specific parties, or even tendering for materials.
Contractors can use smart contracts as a complete tracking system where deadlines are set, and the blockchain will enforce these pre-programmed conditions. This system will ensure faster sales, improved convenience and security, effective project management, and seamless supply. Also, supervisors can use smart contracts to create and monitor a more mechanized workflow for projects that will prompt subsequent action when conditions for the first action are met. Smart contracts are digital and automated and will reduce the need for unnecessary paperwork and no time to waste.