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3 Reasons Why Construction Companies Should Invest in IoT


When it comes to technologies, IoT (Internet of Things) tech is leading the pack in terms of potential. Such are the prospects of IoT that no one wants to miss out on the advantages that it offers. Most companies in the world have started employing IoT solutions in their day-to-day operations in one form or another. One industry that can benefit the most from IoT integration is the construction industry. With the emergence of better machine to machine connectivity provider companies, it is high time that the pace of IoT integration is increased.


Risks in Construction Companies

The operations in construction industry are filled with many perils. Unlike other industries where risks are more or less financial, the dangers in construction industry are fatal. There is a serious threat to human life, which is why; regulatory bodies like OSHA (Occupational Safety and Health Administration) have created strict compliances that need to be adhered to.

In case a company is found to be flouting these rules, serious fines are imposed. And, if someone gets hurt or kicks the bucket, there is a serious threat of reputation-damaging lawsuits as well. Hence, it makes good business sense to make use of all those technologies that can neutralize the risks in day-to-day workflow.

Pressing Reasons for IoT Utilization

IoT is a technology that allows for the interaction of machines. With this technology, it is possible to transfer data from one machine to another without any need for human-to-human or human-to-computer interactions. Considering the fact that most construction-related operations take place in areas filled with machines, IoT automatically becomes the technology of choice for safe and efficient execution of such tasks. Below are some pressing reasons why IoT technology must be used in the construction industry:

 1.     IoT for creating a safer work environment

      According to a survey, it has been found that two workers die every day in the US due to work-related injuries. When we take in to account how well these operations are carried out in the US, this stat is quite surprising. It clearly shows that there is a need for IoT to make things better. With the inception of numerous IoT connectivity provider companies, it has become easier to make machines smarter. IoT can be used for changing the approach of companies from corrective to preventive. Instead of waiting for a machine to malfunction, it has become possible to learn about their condition via IoT interactions.

In case, a machine is found to be in a weary state, it is possible to replace it before it can cause any mishap. With machine-to-machine interactions, it is also possible to understand the risk associated with a construction task and devise specific measures to reduce the dangers.

2.     IoT for resource management and reducing fuel costs 

     IoT helps in managing resources in a much better way. With sensors and GPS, it becomes easier to monitor resources deployed on the field. By gauging employee performance on real-time basis, construction companies can eliminate delays and meet their work-related deadlines on time. It is also possible to track labor hours with IoT integration.

Apart from the aforementioned benefits, IoT can help in reducing fuel costs. The fact that off-road fuel costs less than on-road fuel due to lack of taxes, it is essential for a construction company to bifurcate fuel usage and charges associated with it and only then submit the data for taxation. This can be easily done by using IoT machines along with GPS.

 3.     IoT for energy-efficient building construction and maintenance
  
     According to WBCSD (World Business Council for Sustainable Development), buildings account for close to 40 percent of global energy. As building tasks consume more energy than transportation tasks, it becomes imperative to optimize such operations. However, due to lack of incentives and difficulty associated with micro managing construction tasks, managers and decision makers overlook energy optimization. This leads to wastage of energy, which is a sin considering the current state of non-renewable energy resources.

In this situation, IoT-powered machines provide a great way to optimize processes. Not only they help in reducing energy consumption during construction tasks, they also play a long-term role in reducing greenhouse emission. For example, it becomes possible to monitor the energy consumption by HVAC systems installed in a building. The energy saved by integration of IoT in construction and building maintenance tasks can go a long way in minimizing greenhouse effect.


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