CONSTRUCTION GENERAL LIABILITY HEALTHCARE INSURANCE CLAIMS MANUFACTURING MARKET TRENDS PROPERTY & CASUALTY RISK MANAGEMENT UNDERSTANDING INSURANCE WORKERS COMPENSATION
JUL 09, 2018 Dave Galbraith, AVP Risk Management Growing Pains? Consider Automation construction, market trends Technology has rapidly become an integral part of each day. Due to its vast capabilities, developments have improved all areas of life, including the business sector. Thanks to new technology, the productivity of workers and the efficiency of processes can improve. One way construction businesses can increase efficiency is by utilizing automation. Five ways to drive successful construction automation: Make small improvements to the daily schedule — Start small when reducing time-wasting processes. Increasing productivity and eliminating wasted time on the job may provide a high return on investment. Slowly increasing the size and scope of these projects can create a snowball effect within the organization. This may render former processes obsolete. Hire experts and purchase the proper tools — Hire individuals with the skills to help automate the business. New employees can provide a fresh perspective on systems and technology. In addition, the purchase of proper tools and equipment will ease the implementation of new automation. Utilizing the proper equipment will prepare the organization for future renovations, and lessen the burden on operational employees. Build a culture surrounding automation — Employees are impacted both positively and negatively by automated processes. As opportunities are created, others will become obsolete. Communicate with employees to discuss the reasons for moving from manual processes to automation. Explain the benefits, address employee concerns and provide progress updates as frequently as possible. Understand the data — Automation creates big data. Excessive amounts of data can be generated, so it is essential to compartmentalize and analyze the findings based on each individual business. There are a variety of tools available for identifying the best methods to gather, interpret and act upon key data. When analyzing data, always look to the future to make the best business decisions. Identify future automation opportunities — As the construction industry continues to embrace technology and automation, more opportunities will become available. Current technologies include: semi-automated masons, automated re-bar tying, 3D modeling, machine learning, 3D printing, drones and foam spewing arms. In every industry, the competition is heading toward an automated future. Are you satisfied with the “status quo” or is your construction business embracing change? Your future competitiveness may depend on the latter. ◀ Previous Next ▶
JUL 09, 2018 Dave Galbraith, AVP Risk Management Growing Pains? Consider Automation construction, market trends Technology has rapidly become an integral part of each day. Due to its vast capabilities, developments have improved all areas of life, including the business sector. Thanks to new technology, the productivity of workers and the efficiency of processes can improve. One way construction businesses can increase efficiency is by utilizing automation. Five ways to drive successful construction automation: Make small improvements to the daily schedule — Start small when reducing time-wasting processes. Increasing productivity and eliminating wasted time on the job may provide a high return on investment. Slowly increasing the size and scope of these projects can create a snowball effect within the organization. This may render former processes obsolete. Hire experts and purchase the proper tools — Hire individuals with the skills to help automate the business. New employees can provide a fresh perspective on systems and technology. In addition, the purchase of proper tools and equipment will ease the implementation of new automation. Utilizing the proper equipment will prepare the organization for future renovations, and lessen the burden on operational employees. Build a culture surrounding automation — Employees are impacted both positively and negatively by automated processes. As opportunities are created, others will become obsolete. Communicate with employees to discuss the reasons for moving from manual processes to automation. Explain the benefits, address employee concerns and provide progress updates as frequently as possible. Understand the data — Automation creates big data. Excessive amounts of data can be generated, so it is essential to compartmentalize and analyze the findings based on each individual business. There are a variety of tools available for identifying the best methods to gather, interpret and act upon key data. When analyzing data, always look to the future to make the best business decisions. Identify future automation opportunities — As the construction industry continues to embrace technology and automation, more opportunities will become available. Current technologies include: semi-automated masons, automated re-bar tying, 3D modeling, machine learning, 3D printing, drones and foam spewing arms. In every industry, the competition is heading toward an automated future. Are you satisfied with the “status quo” or is your construction business embracing change? Your future competitiveness may depend on the latter. ◀ Previous Next ▶