What’s next for the Engineering & Construction Business?
Improve time and budget management due to digitalization
The engineering and construction (E&C) industry is one of the least automated industries in the world. It’s little wonder many companies in this field have been found to have an average waste of 10% in every dollar. Moreover, almost all projects on this industry - e.g. 98% - face budget overruns or delays.
Save time and budget thanks to automation
Here is room for improvement! The actual problem is that most projects in this industry are treated and being looked at as individual projects in isolation by program directors and project managers. This mindset manifests itself also in an ad-hoc, fire-fighting approach instead of taking strategic action as an organization. In this project-based approach, more often than not the same pain points -which are mostly symptoms of wider issues- have to be solved over and over again.
Which opportunity to focus on first?
Addressing recurring pain points would be the first step towards a more efficient organization. Prioritizing the modernization of your companies technology will provide the biggest short-to-medium term savings.
Advantages of digitalization for engineering and construction companies
An E&C organization that digitizes, will be better able to:
- Identify and remove inefficiencies
- Reduce waste
- Minimize waste
- Maximize productivity
- Embrace change
- Nurture innovation
Whether you want to improve your digital footprint or benefit from (one on the) advantages mentioned above; an integrated cloud-based ERP solution will enable your business to do it all. Want to know all about it? Download the white paper ERP for Engineering & Construction and make a head start with your digital transformation process.