The construction industry is on an upward trajectory, with a projected 12% growth in 2025 due to government investment and the ever-growing demand for new infrastructure. However, despite this boom, inefficiencies continue to plague the industry. Construction productivity in the U.S. has drastically decreased by 40% since the 1970’s, highlighting the need for modernized digital project management tools.
In this blog, we’ll explore why digital transformation isn’t just an option, it’s a necessity for the success of construction projects. We will dive deeper into the key challenges that occur as the industry expands and discuss how adopting digital solutions is critical to ensuring projects are completed efficiently, safely, and within budget. With project management solutions like Manage-IT™ by ATSER, construction professionals can streamline workflows, enhance collaboration, and drive productivity, keeping pace with the industry’s rapid evolution.
Key Industry Challenges
The construction industry faces numerous challenges, including the decline of productivity. As expressed earlier, according to the University of Chicago construction productivity has declined by a staggering 40% since the 1970’s. A major factor behind this decline is the industry’s delayed adoption of innovative technologies, which has hindered efficiency and progress.
Despite rapid advancements in digital tools, many construction firms still rely on outdated methods for managing data, processing paperwork, and communicating across teams. This reluctance to modernize has led to critical inefficiencies in project management, including:
Lack of real-time centralized information
Which makes it immensely difficult to track project completion and make quick data driven decisions.
Disjointed communication
Fosters misalignment between teams leading to delays and costly errors.
Mismanaged budgeting and resource allocation
Which leads to overspending, wasted materials, and financially burdensome scheduling setbacks.
The impact of these inefficiencies extends beyond individual projects, the U.S. National Institute of Standards and Technology found that industries across the U.S. lose a staggering $15.8 billion annually due to the lack of proper technology integration. Without embracing digital transformation, construction companies risk falling further behind, increasing costs, and struggling to keep pace with growing industry demands.
Benefits of Digital Tools
Implementing quality Project Management Information Software can drastically improve the project journey from start to completion. The main benefits include drastic improvements in optimization including streamlining data, cost reduction, and the overall project outcome. Proven major improvements found are:
Enhanced Project Planning
With a PMIS project managers can store information in a centralized area, making it easy for important contracts, plans, and data to be easily organized. This leads to easy access of documentation and quick communication as any designated member of the team can retrieve information uploaded instantly.
Efficiency
Implementing innovative project management tools can streamline workflows and accelerate the project lifecycle. According to Project Management News, project management software has the potential to save managers up to four weeks of work per project, while team members can conserve nearly 12.5 weeks of work by leveraging digital solutions. These tools enhance communication, streamline information, and increase productivity, causing projects to be completed efficiently.
Cost Reduction
Project Management Information Software helps project managers monitor budgets in real time, prevent overspending, and optimize resource allocation. A 2023 report conducted by Deloitte and Autodesk highlights this impact, revealing that 33% of construction professionals identified cost reduction as the greatest benefit when using data organization in project management software.
What Sets ATSER PMIS apart
ATSER continues to innovate construction management tools, setting the standard within the industry. Being devoted to providing powerful solutions and providing innovative technology, ATSER’s Manage-IT™ 2.0 is at the forefront of project management software.
Here is why we stand out:
- Effortless Data Management with Track-IT™: Simplify project management by keeping all documents organized in one secure centralized platform. With Track-IT™ give authorized team members instant access to information fast, overall improving communication and saving time.
- Financial Oversight with Construct-IT™: It enables users to track costs real-time and stay on schedule while reducing financial risks. Maintain control over budgets, expenses, and regulatory compliance easily.
- Real-Time Insights with Assure-IT™: With Assure-IT ™ get real-time analytical updates with detailed data insights to help construct the perfect solution or communicate important information to your entire team and stakeholders.
Why ATSER’s PMIS is the Industry Leader
Proven Track Record
ATSER has been a trusted leader in delivering innovative, high-quality solutions to the AEC industries for over 30 years. Our commitment to excellence has consistently exceeded client expectations, ensuring reliability, and lasting success in every project we support.
Constantly Innovating
At ATSER we are committed to continuous improvement ensuring that our project management tools evolve with your needs, offering the most advanced technology to help improve your project life cycle.
Superior AI Tools and Analysis
ATSER’s cutting-edge PMIS software leverages advanced AI-powered tools to experience, enabling users to make data-driven decisions with confidence. these intelligent tools provide valuable insights, helping teams strategically plan next steps for a successful project.
Ready to See the Difference?
ATSER PMIS software is an essential tool for managing complex AEC projects efficiently. Discover how our data management solutions can revolutionize your project workflows, enhance collaboration, and drive success!
