Digital Transformation to Accelerate Construction Growth in 2023

Posted by Build Warranty Group on 7th February 2023 -

Build Warranty Group have made extensive investment in its IT department and the creation of its own `LDI Tech’ platform. It offers advanced technical auditing features for surveyors with client and partner Apps for enhanced user engagement.

The construction and infrastructure sector has undergone a significant transformation recently, with the COVID-19 pandemic accelerating the pace of digitalization in the industry. By 2030, digitalisation will have driven a surge in construction growth, with companies seeing increased efficiency, improved productivity, and enhanced safety. We will explore some critical technological innovations that will transform the construction industry.

However, some challenges are also to be aware of, such as investing in new software and hardware and ensuring that suitable security measures are in place. Build Warranty has set its sights on being the leading digital insurer in the construction warranty market, to align itself with the digital advancements in the construction Industry. Build Warranty Group have made extensive investment in its IT department and the creation of its own `LDI Tech’ platform. It offers advanced technical auditing features for surveyors with client and partner Apps for enhanced user engagement. It is expected other providers will follow suit as the construction industry continues embracing digital transformation in the coming years.

 Digital Transformation in Construction: An Overview

 Digital Transformation in Construction refers to integrating digital technologies into the design, planning, construction, and maintenance of buildings and infrastructure. It involves the use of advanced technologies such as Building Information Modelling (BIM), the Internet of Things (IoT), Robotics, Artificial Intelligence (AI), and 3D printing to improve the efficiency, safety, and quality of the construction process. 

 The construction industry is looking for digital transformation to solve various challenges, from streamlining processes to improving safety. Digital solutions are proving to be an invaluable asset, and by 2023, digitalisation will have resulted in a range of new benefits:

• Reduced Costs: Digitalisation will enable companies to reduce their operational costs, as technology can help optimise resources and streamline processes.
• Improved Productivity: Companies can take advantage of automation, which can help improve productivity and efficiency. This will result in faster project completion times and increased profitability.
• Enhanced Safety: Digital technologies have the potential to revolutionise the way construction sites operate. For example, drones can monitor locations and ensure that safety protocols are followed.

4 Key Innovations Driving Digital Transformation in Construction in 2023

1.  Contech (Construction technology)  

Contech, or construction technology, is a trend that uses technology to improve safety, reduce costs, and increase efficiency in the construction process. It includes using construction robots, drones, and 3D design tools such as CAD and BIM.

2.  Technology for safety 

Digital transformation in construction improves safety and quality and reduces costs. Advanced technologies like drones and sensors detect potential safety hazards and enable remote monitoring. This may increase demand for structural warranties from providers like Buildwarranty.co.uk, which offer new types of coverage for structural defects and inspections.

3.  Modular construction and technologies

 Modular construction involves using prefabricated components to reduce costs and improve efficiency. Modular technologies such as 3D printing can be used to quickly and accurately create elements that are ready to be installed on-site. 

4.  BIM technology and CAD 

BIM technology and CAD will bolster digital transformation in the construction industry. BIM technology is a 3D modelling tool that can create accurate models of buildings and other structures. This can be used to improve project management and reduce costs. CAD, or computer-aided design, is another tool that can be used to design and model buildings and other structures. 

The construction industry is embracing digital transformation to drive positive change by increasing efficiency, productivity, and safety. The development of LDI Tech by Build Warranty Group has provided a seamless platform for the Insurer, Provider, Broker, and Customer to access information in real time, increasing both efficiency and transparency, and ultimately help reduce the product cost to the customer. This is part one of the series, where we will explore the urgent need for digital transformation in the construction industry.  

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Visit www.buildwarranty.co.uk today and trust us to protect your building.