Equipment suppliers have had to evolve from just being suppliers to partners who continuously monitor and maintain equipment, leaving clients to focus on their core business. Beyond notifications for decreasing stocks, sensors can be used to monitor materials condition like the suitability of the temperature or humidity of the item/environment, handling issues, damage and expiration. Further, field sensors help to prevent problems from happening, which reduces warranty claims, helping the bottom line and keeping customers happy. Through the availability of real-time information, it becomes possible to know the status of every asset, to schedule maintenance stops or refueling and turn-off idle equipment. Power and fuel consumption will result in wastage if not actively managed, and that will impact the overall cost of the project. Through IoT, the supply unit is fitted with a suitable sensor it’s possible to automatically determine the quantity and make automatic orders or raise alarms. However, the late supply of materials often occurs at the site due to poor scheduling caused by human error. IoT leaves people with less menial work, and, instead, they’re allocated more time to interact with project owners and amongst themselves, generating new ideas to improve project delivery and customer satisfaction.Ĭonstruction requires an adequate supply of materials to ensure the smoothness of the project. IoT can enable more readiness and efficiency thus improving productivity. It’s mandatory to avoid backlogs because they result in budget increases. The construction sector is conditioned by deadlines and targets. Generally, productivity, maintenance, security and safety appear to be the leading drivers of IoT adoption in the construction industry. Data has now become a critical asset for business, and informed decisions can only be data-driven. Flat productivity, decreased margins, more schedule overruns and increased competition are some of the obvious reasons construction companies should consider the adoption of IoT technology and digitization. While the construction industry is changing at a glacial pace, construction companies who are adopting technology to successfully address common workplace concerns and streamline processes are benefitting from increased efficiencies and improved responsiveness to the increasing demands of the industry. Through the deployment of low-power sensors, managers can improve worksite visibility at every stage of a project in real-time, from planning to construction, and even operation post-construction. No industry is more ripe for change than construction and IoT has the potential to increase productivity, on-site safety, and operational efficiency. Maybe you’ve heard of the power of the Internet of Things (IoT) to transform industries, automate processes, and improve ROI.
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