BST Global’s report on the State of the AEC Project Lifecycle showed that the Architectural, Engineering, and Construction (AEC) sector is still accumulating data through all phases of its operations, but is remaining incredibly inefficient at processing — and getting the benefits of — this data. While project documentation is on the rise, many firms are still using old-school strategies such as paper spreadsheets to track work, leading to increased operational inefficiencies as well as reduced project success.
Winter storms and other strange weather patterns have affected at least one-third of the United States in recent years, with hurricanes and blizzards being among the most cited weather experiences. These extreme weather events have taken a toll on utilities, who have struggled to keep services available to all customers. Aging power grids, maintenance expenses, and the need for upgrades on legacy equipment are putting utilities at a great cost disadvantage as they strive to keep things running smoothly. In some areas of the country, utilities have been taken to task for higher than usual billing of specific populations during extreme weather events.
Managing the many focuses of a church or religious organization can be a daunting task since congregational needs must be met typically while working under a strict budget — and with limited staff to support the necessary business processes. And the more time and money that your organization must put into administrative duties, the less time you will have to focus on the needs of your congregation or organization members.
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:
Manufactured products are becoming more complex — and the process to create them is also becoming highly complicated, particularly since the recent coronavirus pandemic has disrupted supply chain systems around the world. That disruption is just one of the reasons manufacturers are turning to a process called manufacturing optimization to move products from the design table to the production line faster and with less waste.
Lean manufacturing — or the process of eliminating unnecessary waste and increasing productivity — is a tool that manufacturers wishing to be at the forefront of competition in the coming years must have to be successful. Fine-tuning workflows at all levels of business, from operations to human resources, is a critical aspect of improving company agility and the ability to rise above. Fortunately, new resources have provided a plethora of tools to assist manufacturers in optimizing their business processes, such as:
As with all industries, the engineering profession has felt the impact of the coronavirus pandemic, both fiscally and operationally. In addition to these challenges, the pandemic accelerated the move to a digital transformation, although the engineering and construction (E&C) sector is lagging behind in adopting these technologies.
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.
As we move further into 2021, a majority of businesses are continuing to shift toward a more digital presence, with 30% of large firms having a digital product portfolio and others creating digital divisions to focus on transformative products. In addition, there will be a continuing focus on cloud-centric infrastructure to help align both internal and external resources.
Last year taught us a lot about what to do and what not to do when running a business during a crisis. And fortunately — or unfortunately, depending on how you view it — there is always a crisis right around the corner, so no lesson garnered during the coronavirus pandemic is ever lost.