BUILD Construction & Engineering Awards 2023 Most Innovative Real-Time Construction Insights Software Company 2023 Mike Paul heads up Operations at InEight across a range of regions. Below, he shared his thoughts on the industry as a whole and how he believes the company can move forward and transform the industry: The construction industry must catch up to other sectors to fully embrace advanced technology. Studies have consistently highlighted this gap, emphasising the underutilisation of cutting-edge technology within construction. McKinsey, a leading global management consulting firm, stressed that integrating technology could substantially boost productivity by 50%. The advantages outlined included improved efficiency, enhanced safety, streamlined collaboration, and a fundamental transformation in project methodologies, further refined through predictive analytics and artificial intelligence. However, unlocking these technological advancements and reaping associated benefits requires a collaborative approach and an openness to adopt digital tools and solutions. An essential initial step in this transformative journey involves embracing Software as a Service (SaaS) software, acknowledged as an accessible and potent catalyst for change within the construction industry. SaaS, or Software as a Service, represents a cloud-based software delivery model. It enables users to access and use software applications via the Internet without needing local installations or maintenance on individual computers or servers. Commonly used applications under this model encompass everyday tools such as Microsoft Office 365, customer relationship management (CRM) software like Salesforce, and enterprise resource planning (ERP) software for accounting like SAP. The conventional approach in the construction domain often involves utilising on-premises software for operational needs. This includes desktop or on-premises licenses for tools like Excel, older legacy commercial products for estimation and cost controls, and manual file storage and management systems, primarily stored on laptops or company servers. Transitioning to SaaS is a crucial step in the digital transformation of construction companies. This shift is often viewed as a relatively manageable change, primarily due to the rapid realisation of benefits. SaaS offers many advantages that can significantly enhance operations and competitiveness within the construction industry. These advantages include immediate access to advanced technology without substantial initial investments in hardware and software licenses, scalability to meet diverse project needs, quick deployment, user-friendly interfaces that require minimal training, improved collaboration, and easy software updates and maintenance managed by the vendor. The ubiquitous presence of mobile devices and reliable wireless connectivity further necessitates a shift away from on-premises solutions towards more agile SaaS-based solutions. In the rapidly evolving construction landscape, technology integration is more than an option; it is necessary to remain competitive and meet the stringent demands of scope, budget, and schedule. Technological integration is critical to staying ahead in the market, whether it involves leveraging satellite technology for surveying, utilising drones, InEight is a company offering construction management software and solutions that give companies the real-time insights needed to minimise risks, improve operational efficiency, control project costs and make more informed decisions. We hear from Mike Paul, Managing Director of the Europe, Middle East and Africa (EMEA) business operations at InEight, as we learn more about what has contributed to the firm being recognised as the Most Innovative Real-Time Construction Insights Software Company in 2023. implementing Building Information Modeling (BIM) programs, or transitioning to SaaS solutions. SaaS is swiftly becoming the standard in the construction industry, and companies that fail to embrace it risk falling behind the curve. Mobile apps, enhanced collaboration, seamless system integration, and establishing a unified data environment necessitate a shift towards SaaS software. The time is ripe for construction companies to initiate this transition and avoid lagging in a rapidly advancing digital landscape. In conclusion, the construction industry stands at a critical juncture where embracing technology, particularly SaaS solutions, is imperative for success and longevity. The benefits are numerous, the drawbacks can be mitigated, and the potential for enhancing operations and gaining a competitive edge is immense. The onus is on construction companies to recognise this and embark on a transformative journey towards a digitally empowered future. Ultimately, the onus is now on construction companies to recognise the urgency of this transformation and embark on a journey towards a digitally empowered future. SaaS is swiftly becoming the industry standard, and companies that fail to embrace it risk falling behind in a rapidly advancing digital landscape. Mobile apps, enhanced collaboration, seamless system integration, and a unified data environment necessitate a shift towards SaaS software. The time is ripe for construction companies to initiate this transition and avoid lagging in an industry that demands agility and innovation. Company: InEight Web Address: ineight.com InEight
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