Digital transformation of the construction industry - Successfully removing "questions"

Digital transformation in construction is a way to create competitive advantage in the market, increase revenue and profits, and create quality projects with optimal performance. In the following article, Viindoo will synthesize detailed information about the difficulties preventing businesses in the construction industry from digital transformation and propose solutions to help digitally transform businesses successfully.

What is digital transformation in construction?

Digital transformation is the process of applying digital technology to business operations. In the construction industry, digital transformation is the use of advanced software and modern technology to optimize operational efficiency, increase construction safety, and help construction businesses develop sustainably.

What is digital transformation in construction?

Digitization in Construction

Difficulties that construction industry businesses face when digitally transforming

The market changes day by day, more rapidly and unpredictably, especially in the current digital age. Factors such as inflation, economic crisis, natural disasters, pandemics, etc. contribute to unpredictable changes in the business environment. Businesses are forced to operate remotely, and plans and schedules fail to keep up with the changes of the times.

Digital transformation is a good opportunity for the construction industry to have a strong transformation. The proof is that the amount of capital that society devotes to the construction industry in the period from 2021 to 2025 is more than 40 billion USD/year. The trend of digital transformation in the construction industry will create a huge surplus value, helping businesses optimize operational productivity and increase competitiveness in the market.

However, to complete this transformation, businesses must face many challenges:

Lack of tech-savvy human resources

Employees working in the construction industry must also understand the importance of digital transformation for business development. This change is not a formality but a change from within the business mindset and business building. For this transformation process to take place successfully, each employee must have a positive attitude to learn, progress, and be creative.  However, the number of human resources who can apply technology to their work is still not much. This is what puts great pressure on businesses to survive and develop in difficult times, especially after the pandemic.

Lack of investment in technology platforms

Technology platform is one of the key factors for the successful digital transformation of the construction industry. Technology platforms must also be built to suit the business model, field and digitalization plan of the enterprise. To obtain these elements, businesses are required to go through a meticulous calculation process to create a detailed digital transformation plan, thereby finding the most suitable direction for their organization. Enterprises must focus on building technological infrastructure, machinery and equipment to meet the requirements of the digitalization process in construction.

Digital transformation in construction

The demand for high-quality human resources is high

Cost issue

Cost is a critical issue for every business. The digital transformation process requires the application of many modern technologies. Therefore, businesses have to spend a lot of money to invest in hardware and equipment as well as train and attract talent. At the same time, another factor causing difficulties for businesses in the digital transformation process is changes in working methods. Especially for small and medium-sized businesses, financial capacity is still limited.

Stagnation, lack of drastic

To win success in the digital transformation process requires businesses' great determination. If the construction business leaders lack commitment and determination, the digital transformation process will be difficult. In addition, the lack of learning spirit in the company, fear of risks, and unwillingness to change working methods are other reasons for struggles in the digitalization process.

Digital transformation in construction
Cost is a dilemma

Viindoo's solutions for the construction industry

Technology vendors play a key role in the digital transformation process. These businesses should bring technology solutions and services for the smooth digitalization process.

Viindoo Technology Joint Stock Company is among the prominent units implementing and supporting digital transformation consulting for businesses in Hai Phong and Vietnam with comprehensive and advanced digital transformation applications in businesses . The company is honored to be honored twice at Sao Khue Awards - the leading prestigious award in the field of IT and Software in Vietnam..

Viindoo has also be granted the Vietnam 2022 digital transformation award on October 9, 2022. This is a prestigious award given to businesses with the most outstanding achievements in Digital Products, Solutions, and Technology.

Centrally manage construction with Viindoo Project

Viindoo Project the construction management software allows businesses to plan specific construction and optimally control construction progress. Besides, the software helps businesses closely grasp construction tasks, save a lot of time and costs, and optimize work productivity.

Digital transformation in construction

Viindoo Project - the construction management software

Transparently manage finance with Viindoo Accounting

Finance is a decisive factor in the success of any project. In the same manner, financial management plays a key role in the digital transformation in construction. Viindoo Accounting & Finance will offer businesses an effective financial management solution.

Viindoo software helps businesses proactively manage financial factors such as cost, debt, etc. in the construction process. Businesses can perform construction activities automatically, thereby reducing errors in data entry, cutting down on human resources costs, and saving more time.

Digital transformation in construction

Viindoo Accounting - The financial management software

Digitize all documents with Viindoo Documents 

Document management is really an issue. In the process of digitalization, construction businesses need to store a huge amount of data. Viindoo Documents - the comprehensive document management software will be an effective method. The software helps store documents conveniently on a digital platform.

Viindoo Documents helps businesses automatically classify and share documents with partners. Besides, this software allows businesses to appropriately grant access to internal documents to employees. As a result, Viindoo software is an optimal solution, helping construction businesses save a lot of time and costs on document storage.

Viindoo Business Management Software Solution integrates with all of the outstanding features above. This supports the synchronization of all operating, collecting, and using information processes within the business on the system.

More specifically, the price of Viindoo Project the construction management software is reasonable for Vietnamese businesses. From $8/month, businesses can fully use the features in Viindoo’s application store.

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The above article has introduced to you information about digital transformation in construction. Hopefully, the article will help you have a better overview of digital transformation and find the right digitalization method for your business. Stay tuned for more Viindoo articles about digital transformation for businesses in today's rapidly changing era.

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Digital transformation of the construction industry - Successfully removing "questions"
Viindoo Technology Joint Stock Company, Amber Nguyen January 13, 2023