{"id":129294,"date":"2023-07-03T14:52:11","date_gmt":"2023-07-03T13:52:11","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=129294"},"modified":"2023-07-21T10:07:57","modified_gmt":"2023-07-21T09:07:57","slug":"how-improve-collaboration-profitability-modern-construction-software","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-software-news\/how-improve-collaboration-profitability-modern-construction-software\/129294\/","title":{"rendered":"How to improve collaboration and profitability with Elecosoft\u2019s IconSystem\u00a0"},"content":{"rendered":"<div class=\"component layout pnp-bg \">\n<div class=\"content container-fluid -no-padding-small-screens\">\n<div class=\"row full-width-layout layout-row no-gutter\">\n<div class=\"col-md-12\">\n<section class=\"component component-text -no-padding-small-screens aos-transparent aos-not-transparent animated fadeInUp full-visible\" data-pnp-animate=\"fadeInUp\" data-pnp-animation-duration=\"1s\" data-pnp-animation-delay=\"0s\">\n<div class=\"inner\">\n<h2 class=\"text\">Global software spending is set to grow by 9.3% in 2023, and\u00a087% of senior business leaders say digital transformation is a top priority<\/h2>\n<\/div>\n<\/section>\n<section class=\"component component-text -no-padding-small-screens aos-transparent aos-not-transparent animated fadeInUp full-visible\" data-pnp-animate=\"fadeInUp\" data-pnp-animation-duration=\"1s\" data-pnp-animation-delay=\"0s\">\n<div class=\"inner\">\n<div class=\"text\">\n<div class=\"post-meta\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"component layout pnp-bg \">\n<div class=\"content container-fluid -no-padding-small-screens\">\n<div class=\"row full-width-layout layout-row no-gutter\">\n<div class=\"col-md-12\">\n<section class=\"component component-text -no-padding-small-screens -dark aos-transparent aos-not-transparent animated fadeInUp\" data-pnp-animate=\"fadeInUp\" data-pnp-animation-duration=\"1s\" data-pnp-animation-delay=\"0s\">\n<div class=\"inner\">\n<div class=\"text\">\n<p>The real value of digitisation in the building industry comes from making changes through modern construction software. Yet, unfortunately, <a href=\"https:\/\/www.everestgrp.com\/2019-08-why-digital-transformations-fail-3-exhausting-reasons-blog-51164.html\" target=\"_blank\" rel=\"noopener\">up to 73%\u00a0of companies fail to deliver value from their digital transformation efforts<\/a> \u2013 and this is often because there isn\u2019t a strong enough link between their investment and strategic objectives.<\/p>\n<p>For modern construction software to generate ROI, it needs to reshape and improve business processes. Here, we look at how to use cutting-edge technology to enhance collaboration and profitability on commercial projects.<\/p>\n<h3>Improving collaboration through digital software<\/h3>\n<p>Digital transformation plays a huge role in enabling close-knit teamwork. Professionals have\u00a0<a href=\"https:\/\/www.microsoft.com\/en-us\/microsoft-365\/blog\/2018\/04\/19\/new-survey-explores-the-changing-landscape-of-teamwork\/\" target=\"_blank\" rel=\"noopener\">doubled<\/a>\u00a0the time spent on collaborative work in the past decade, and connected employees are\u00a0<a href=\"https:\/\/www.mckinsey.com\/industries\/technology-media-and-telecommunications\/our-insights\/the-social-economy\" target=\"_blank\" rel=\"noopener\">20-25% more productive<\/a>\u00a0than disconnected teams.<\/p>\n<p>Modern software is pivotal to the collaborative working environment. Tools such as online document storage and<a href=\"https:\/\/elecosoft.com\/products\/iconsystem\/\" target=\"_blank\" rel=\"noopener\">\u00a0information management solutions<\/a>\u00a0are enabling companies to:<\/p>\n<ul>\n<li>Increase visibility:\u00a0One of the most significant barriers to collaboration is a lack of transparency. Colleagues can\u2019t always see the correct information to complete tasks or make intelligent decisions. Modern software provides a central database for all project information, including plans, drawings, specifications and documents.<\/li>\n<li>Create a single source of truth: Very few teams are based in the same location all of the time. As a result, it can be challenging to keep everyone on the same page \u2013 especially in project-based sectors like construction. Modern construction software gives teams access to real-time data, providing a single source of truth regardless of location. Digital solutions allow project stakeholders to access files, share real-time information and make updates from anywhere to improve collaboration and increase productivity.<\/li>\n<li>Simplify project workflows:\u00a0Project communications can become complex, especially for companies working with suppliers and external contractors. Email chains, spreadsheets and whiteboards aren\u2019t up to the job. <a href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction\/construction-technology-news\/eradicating-miscommunication-in-construction-elecosof-asta-connect\/127356\/\" target=\"_blank\" rel=\"noopener\">Modern software streamlines workflows by channelling all data and communications through a single information management solution<\/a>. Consolidating insights into one digital portal reduces the time spent looking for critical documentation, reducing project errors.<\/li>\n<\/ul>\n<h3>Driving profit through digital software<\/h3>\n<p>Closer collaboration is an essential element of running profitable projects, but there are other ways in which modern software can enhance the bottom line. For example:<\/p>\n<ul>\n<li>Better data management:\u00a0High-quality information is the foundation of strong decision-making, which in turn improves profitability. Using modern software to store and share data prevents errors and reworks that impact profit margins.<\/li>\n<li>Create consistent results:\u00a0In sectors with many repetitive jobs (like store fit-outs in retail), consistency is key to productivity and cost efficiency. Modern software facilitates accurate data capture and centralises information sharing, so teams have the insights they need to replicate identical results in multiple locations.<\/li>\n<li>Share best practices.\u00a0Even with repetitive tasks, there\u2019s always something to learn. Modern software allows teams to capture decisions and changes as they work, which can be applied to future programmes.<\/li>\n<\/ul>\n<h3>IconSystem: cloud-based collaboration software<\/h3>\n<p>The benefits we\u2019ve shared apply to many types of construction software, so let\u2019s look at how a specific solution can improve collaboration and profitability.<\/p>\n<p><a href=\"https:\/\/elecosoft.com\/products\/iconsystem\/\" target=\"_blank\" rel=\"noopener\">IconSystem<\/a>\u00a0is Elecosoft\u2019s cloud-based information management software, used by companies in construction, hospitality and retail.<\/p>\n<p>Our technology has helped many industry-leading companies to improve collaboration, including the UK supermarket chain Asda.<\/p>\n<p>Before 2018, there were siloes between Asda\u2019s property team and fixture managers. For example, information for store shelving requirements was managed by Asda\u2019s visual merchandising team in a standalone database.<\/p>\n<p>By moving shelving data into IconSystem, fixture managers could access information immediately, ready to order new fittings as soon as they were briefed to alter product displays or roll out seasonal promotions.<\/p>\n<p>\u201cEveryone has a lot more ownership of data accuracy,\u201d shared Zoe Mitchell, model planner within Asda\u2019s Retail Prototype, Specification and Design team.<\/p>\n<p>Since migrating data into IconSystem, <a href=\"https:\/\/elecosoft.com\/stories\/asda-iconsystem\/\" target=\"_blank\" rel=\"noopener\">Asda\u2019s fixture ordering accuracy has increased from 60-70% to 90-95%<\/a>, and teams make immediate changes if they see missing or out-of-date information.<\/p>\n<p>Other examples of IconSystem improving commercial decision-making include InterContinental Hotels Group (IHG).<\/p>\n<p>It\u2019s become more difficult for IHG to manage its design standards, continuity and building specification compliance as the company has grown. Investing in IconSystem has enabled IHG to create over 500 datasheets and digital control books, which are centrally stored and managed for use across property maintenance and development work.<\/p>\n<p>\u201cWe can already foresee future opportunities for document collaboration, avoiding the need for endless emails and WeTransfers,\u201d explained John Page, manager of procurement \u2013 Hotel Openings EMEAA at IHG.<\/p>\n<p>\u201cIt will <a href=\"https:\/\/elecosoft.com\/webinar\/iconsystem-ihg\" target=\"_blank\" rel=\"noopener\">improve the speed and efficiency of development projects<\/a> and drive continually high standards.\u201d<\/p>\n<h3>Choosing the best-fit modern software for collaborative working<\/h3>\n<p>Both Asda and IHG\u2019s stories underline the importance of integrating company data so that stakeholders can work collaboratively to make profitable decisions. Collaboration software like IconSystem creates a pivotal connection between technology investment and strategic improvement to ensure digital transformation initiatives drive results.<\/p>\n<p>As more companies invest in operational software, digitisation will no longer be a business differentiator. Instead, driving profit and company growth will rely on organisations choosing best-fit solutions to work closely together and make smart choices.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Global software spending is set to grow by 9.3% in 2023, and\u00a087% of senior business leaders say digital transformation is a top priority.<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[172736],"tags":[16990,464,688,172727,389],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-129294","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-construction-software-news","7":"tag-construction-software","8":"tag-contributor-profile","9":"tag-digital-construction","10":"tag-featured","11":"tag-sh-elecosoft"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to improve profitability with modern construction software<\/title>\n<meta name=\"description\" content=\"Construction software can improve collaboration and profitability in digital transformation efforts across the construction industry\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-software-news\/how-improve-collaboration-profitability-modern-construction-software\/129294\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to improve collaboration and profitability with Elecosoft\u2019s IconSystem\u00a0\" \/>\n<meta property=\"og:description\" content=\"Global software spending is set to grow by 9.3% in 2023, and\u00a087% of senior business leaders say digital transformation is a top priority.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/construction-software-news\/how-improve-collaboration-profitability-modern-construction-software\/129294\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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