It’s not news that the coronavirus pandemic affected the automotive industry, causing car dealers to struggle to keep a full inventory of new cars on the lot. This shortage of new cars drove up the price of used cars and motivated more consumers to choose a used car over new when purchasing a vehicle. This may seem like a boon for auto repair shops that make revenue on repairing used vehicles, but the opposite is true. Now, auto body shops are feeling the supply shortage pinch as well, as aftermarket industries bend under parts and labor shortages.
Architecture, Engineering, and Construction (AEC) companies are facing a decision: How to proceed forward in an economy where efficiency, cost management, and risk management are key? Historically, the AEC industry suffers from inefficiencies and difficulties founded in miscommunication as they deal with siloed departments and offices that use various systems to support daily functions. This produces a number of problems that have a direct impact on bottom lines, including:
Many gyms and health clubs were hard hit by the coronavirus pandemic when widespread health and safety protocols caused many to close their doors. As the country continues to reopen, health clubs are finding that consumer attitudes have transformed, making it more important than ever for clubs to make the customer experience a priority.
Only one thing was certain over the last year — and that was that change is constant. Across all industries, changes wrought by the ongoing pandemic brought great challenges, but also unexpected opportunities. And nowhere was this more evident than in the manufacturing industry, where according to one survey, nearly all players saw their business suffering long-term effects from the pandemic. In response to these changes, however, 91% of manufacturers have increased their interest — and investment — in digital technologies to fuel a transformation.
While many areas of the hospitality industry saw reduced revenues as the coronavirus pandemic continued to wreak disruption, one segment of the industry learned how to thrive. The segment? Country clubs. The secret to their success? Innovation.
Architects and their staff have always relied on tools to create projects and plans that illustrate good design and help their clients live, work, and play in better, more cohesive environments. But the industry has come a long way since the advent of the drafting table, compass, and mechanical pencil. Today’s busy architectural firms rely on a host of forward-looking tools and technologies that increase design capabilities and make daily tasks easier and more frustration-free.
Engineers are expected to pay attention to details all of the time, as errors in a typical large engineering project — think bridges, roadways, buildings, and pipelines — can lead to financial disaster and even loss of life. It is essential that engineers keep control of and understand the data they are handling.
During the coronavirus epidemic, the nation’s healthcare workers went into overdrive to care for their regular patients plus those needing special assistance battling the virus. The trend toward overwork is continuing, however, putting many physicians and their staff at risk of burnout.
It is a frustrating fact, but employees are still wasting time searching for the information they need to be productive. In fact, each employee spends at least 25% of their time searching for— and not finding — the documents they need. And their managers? They spend half their time doing routine tasks that could be better handled with workflow automation. Overall, up to 21% of total staff productivity loss is directly related to issues surrounding documents.
This year, all industries are reporting an increased adoption of document management systems (DMS) in response to the need for expanded work efficiencies and a focus on digital transformation, as more companies move toward a paperless environment.