Posted on June 9, 2016 by FMI CorporationToday’s new technologies allow industry professionals to link up and share project knowledge across integrated teams, 24/7, across the globe. When the Internet was introduced in the early 1990s, no one really knew that complete industries, cultures, governments and businesses would be transformed by this innovative platform for sharing information, learning and transacting. Nevertheless, what started out as a novelty of sorts has since grown into a 3 billion-strong web that’s accessible via the desktop computer to the 5-ounce mobile phone — and everything in between. Technological advancements are also reshaping the engineering and construction (E&C) space, where the evolution of design and construction functions has taken a leap forward with the transition from electronic drafting to high-resolution digital modeling (also known as Building Information Modeling or “BIM”). Thanks to ubiquitous digital connectivity, cloud computing, and big data, the E&C industry is undergoing a historic melding of engineering, architecture, fabrication, construction, and other related disciplines, undoing 100 years of expansive industry fragmentation.
This post was posted in Consulting, Research, Technology and was tagged with construction industry blog, construction industry, NRCI 2014 Q2, engineering industry, engineering blog, construction technology
Posted on March 10, 2016 by FMI CorporationIt’s all around us. Doctors are looking at patterns of effective care; retailers are watching how customers move around their stores, looking for merchandising clues; and taxis are unsure what to do about Uber’s algorithm-driven pricing model. If the construction industry thinks the status quo will leave it alone, it needs to think again. At the very least, the industry must hire up-and-coming next-generation employees — individuals who are already living 100% in a data-driven world. They expect nothing different from their workplaces. Of course, there are other imperatives too, including: Profitability. Pennies add up to real profits. Construction is still notoriously inefficient. Why, for example, do mom and pop retail stores have sophisticated real-time inventory processes and technology, and construction companies rarely have any? That type of data control is basic for leveraging daily productivity and increasing profitability.
This post was posted in Consulting, Center for Strategic Leadership, Technology and was tagged with construction industry, construction industry future, data and construction, data construction industry, data increase profitability
Posted on June 11, 2014 by Sabine HooverFor decades, mergers and acquisitions have shaped the design and construction industry’s business landscape. Through these mergers, companies have often achieved better economies of scale, branched out into new geographies and added new services and expertise. In the wake of the Great Recession, companies of all sizes have started to redefine themselves and we are seeing an increasing number of engineering and construction companies combining disciplines and expertise into full-service firms.
Posted on September 26, 2013 by FMI CorporationConstruction Estimating Software UserView, 2013 By Kelley Chisholm Software Advice, a company that helps people find the right software for their companies, recently published the results of its survey on estimating software. It heard from 202 construction professionals from a variety of trades and company sizes to understand the use and effectiveness of construction estimating software. Its key findings include the following:
Posted on March 21, 2013 by FMI CorporationSocial Media Isn’t New: Even Cavemen Did It By Cynthia Paul Your web page just received its 5000th “Like” and your team is sharing high-fives around the office. You are well on your way to having a thriving social media strategy. Or, are you? Social media is changing the relationships companies have with their customers, vendors, suppliers and yes, even their employees. Organizations have long controlled the messages that went out into the marketplace about their company, products and services. Except for a few unfortunate incidents where a business finds itself on the front page of a newspaper, the company was the one who determined what the market knew. Social media has changed that. The power of communications has move into communities and out of the hands of corporate marketing.
Posted on June 28, 2012 by FMI CorporationMobile Technology and the Construction Industry By John Chaney Guest blogger John Chaney, co-founder of Dexter + Cheney, a Seattle-based company that specializes in construction management software, shares his thoughts on mobile technology and cloud computing in the construction industry. There was a time in construction history – not that long ago – when the only connection between the field and the office consisted of the nearest pay phone. Then came remote offices complete with Internet connectivity and mobile phones. Now, as mobile phones are becoming smarter, wireless networks improve, and data plans more affordable, contractors have the ability to become connected more than ever before. As a result, software developers are providing construction-specific mobile applications to handle a number of tasks, such as time card entry, punch lists and even basic cost estimating.
This post was posted in Technology and was tagged with construction industry blog, A/E/C blog, FMI Corporation, cloud computing construction industry, mobile technology construction industry, technology construction industry, construction apps
Posted on February 7, 2012 by FMI CorporationCloud Computing – It’s Here to Stay By John Chaney Every now and then, we will be having guest bloggers to contribute to our pages. For this post on cloud computing, we welcome John Chaney, co-founder of Dexter + Cheney, a Seattle-based company that specializes in construction management software. “The cloud” seems to be everywhere – I think every time I turn on the television, I see a commercial for something “in the cloud.” Not too long ago, I saw commercials from a well-known company that proclaimed in a super-hero-like fashion, “To the cloud!” And most recently, we’ve heard quite a bit about the iCloud. I’d be understating the obvious if I said that cloud computing is the latest buzzword. However, I think there are a number of misconceptions about what the cloud really is, and what it means for businesses large and small.
This post was posted in Technology and was tagged with construction industry blog, A/E/C blog, FMI Corporation, Cloud computing, cloud computing construction industry, Information technology construction industry