This year has been remarkable for the construction industry, marked by strong business growth and an accelerated digital transformation despite ongoing challenges. STACK’s cutting-edge construction platform continues to empower our customers with essential tools for success. Through our extensive content library, you can access a wealth of free, high-quality educational and strategic resources designed to boost your profitability.
Our Top 10 article roundup highlights some of the most valuable insights from STACK’s content collection. From exploring the benefits of AI in construction to addressing the critical role of data standardization, we provide resources and solutions for some of the industry’s most pressing challenges.
1. Harnessing AI in the Preconstruction Phase
Artificial Intelligence’s impact on the preconstruction phase isn’t to be overlooked. By leveraging AI, contractors can streamline processes, improve accuracy, and enhance productivity.
We take a look at how AI helps automate the precon process through image recognition, identifying elements such as doors, windows, rooms, and walls. It can also generate basic takeoffs from those identified structural elements, speeding up the takeoff process and enhancing accuracy through the estimating phase.
2. Boost Your Data Strategy: Transform Data Challenges into Opportunities
Data integrity is crucial for contractors to succeed in the current market and to advance with their tech stack, yet 90% of construction data is unstructured and not formatted, and 95.5% of the data produced goes unanalyzed. When you start with good data in STACK, you improve your ability to bid more projects, increase profitability, and strengthen business operations.
In this article we explore:
- Effects of bad data on your business
- Why data hygiene is critical
- Types of data you need to collect
- Steps to standardize your data
…and ultimately how STACK will help you boost your data strategy with our comprehensive platform!
3. Fostering Team Buy-In: A Guide for Construction Company CIOs Introducing New Technology
70% of digital transformation initiatives fail due to resistance to change. Introducing new technology often requires organizational change, and CIOs play a key role in leading change management efforts. In this article, STACK provides you with a comprehensive guide on how construction CIOs can achieve team buy-in for new technology tools with tips like:
- Engage early and often
- Promote a Culture of Innovation -Provide
- Provide comprehensive training & support
- Encourage feedback and adaptation
4. Building Resilience: 5 Ways Contractors Can Shield Their Business in Times of Economic Uncertainty
Economic turbulence in the construction industry can cast a shadow on growth and stability for contractors. It’s vital to adopt strategic measures that not only shield you from risk but position you for growth. STACK’s got 5 strategies to stay ahead of contraction:
1. Always be bidding
2. Mitigate cashflow constraints
3. Use the right tech to address the labor shortage
4. Target a younger generation
5. Use predictive analytics for guaranteed job success
STACK is there for you along the way, with major capabilities for your business to succeed with our cloud-based platform.
5. How STACK Helps Combat the Labor Shortage
Skilled workers are in high demand, yet the supply simply cannot keep up. This shortage poses a significant threat to project timelines, budgets, and your company’s ability to scale. In this article, we take a look at strategies that will help you combat the labor shortage. Closing the knowledge gap between generations, leveraging AI and increasing employee retention efforts will position your company to maximize productivity and allocate your teams where you need them.
6. Top Risks in the Construction Industry & How to Mitigate Them
Understanding the risks in construction and developing strategies to mitigate them is essential for the long-term success and sustainability of the business. We explore some of the current top risks in the construction industry – from financial and project management risks to labor and safety risks – and discuss four strategies for mitigating them effectively:
- Organization-Wide Risk Management Strategy
2. Better Contracts and Payment Terms
3. Only Taking on Profitable Projects
4. Focus on Data Standardization
7. How to Make a Long-Term Tech STACK Plan for Your Company
97% of construction firms identified lower costs as the most common benefit from greater use of data, and that use is through technology! New construction technology platforms are popping up daily, promising increased efficiency and better productivity for your teams, but how will you know how to choose what’s best for you?
We’ll delve into how bad data burns you, why data safety and standardization are paramount, and how to plan for a long-term tech stack with your CIO. A strong tech strategy is essential for ensuring smooth operations, accurate estimates, robust cybersecurity, and standardized data practices. And hey, there’s no Tech Stack without STACK!
8. The Perfect Marriage of Hardware and Software
Clarity of plans and drawings is extremely important in construction. Misinterpretations due to poor display quality can lead to costly errors and delays. Enter Volanti Displays! Volanti screens offer superior resolution and color accuracy, which ensures that every detail of the plan is visible and easy to interpret. Built tough for tough environments, Volanti’s instant navigation with touch screen and mark-up abilities is the perfect hardware for STACK’s viewing app.
STACK allows you to view, annotate, and share plans instantly. This capability ensures that everyone involved in the project has access to the most up-to-date information. Real-time updates reduce the risk of miscommunication and ensure that changes are implemented promptly across the board.
9. The Critical Importance of Connectivity Between the Field and Back Office: A Focus on Construction Executives
For construction executives, connectivity between the field and the office is not just a luxury—it is a critical component of effective project management. Free flowing, accurate data can significantly improve communication, reduce errors, mitigate risks, and produce more accurate reporting at project closeout.
STACK shares how connecting through integrated, cloud-based software platforms will:
- Improve decision-making
- Enhance productivity
- Increase profitability
10. Strengthening Security: Safeguarding Sensitive Information While Enhancing Project Team Management
Safeguarding sensitive information is critical for contractors. As construction companies and their projects grow in size and scope, so does the volume of data generated and the number of people involved. With this complexity comes the heightened risk of data breaches, miscommunication, and inefficiencies that can significantly impact a project’s success.
In this article, we’ll provide you with strategies to enhance security and project team management through:
• Centralized Data Control
• Role-Based Permissions
• Seamless Collaboration Tools
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At STACK, we’re constantly working to help your business grow and thrive, so be sure to check back for even more useful industry information.
