The good news is that advancements in tech are helping construction businesses say goodbye to paperwork, leading to a reduction in costs and overheads. With every vehicle, asset, piece of machinery, person and device creating more and more data daily, many construction companies are now taking on the benefits of big data analytics to uncover valuable business trends. Those that harness this data to create actionable insights will boost productivity and gain a leg up on competition.
Here’s what a data-driven strategy will do for your construction business.
Clear, Comprehensive Picture
As the government recently announced a $12 billion infrastructure funding, construction businesses need to effectively manage their assets and resources. Otherwise, you risk workers stretched thin across various worksites.
With equipment management software that works in even in the most remote areas of New Zealand, it can help businesses uncover and understand asset usage– from monitoring location, speed, to working hours, harsh usage and more.
It’s not uncommon for assets to remain unused on a construction site. Supervisors can’t easily tell what is and isn’t being used, so they are reluctant to move equipment to other sites. This leaves equipment sitting idle, costing businesses in up-keep fees without contributing to the project. With Teletrac Navman’s small, GPS-powered devices, you can instantly locate any owned or leased asset the moment you need it. By understanding your current heavy-duty asset availability, you can cut back on equipment rental or hiring expenses instantly.
Improved Decision Making
Wading through paperwork and spreadsheets of data is tedious, time-consuming and costly.
The software automatically sifts through big data to discover safety, cost and efficiency trends. The instant visualisation of your driver and asset data creates valuable insights, so you can make more informed business decisions, more quickly.
The software can help with route optimisation, routing drivers around weather, traffic and other road hazards, so drivers can choose the safest, most efficient way to go. With data on speeding and harsh braking and cornering, fleet managers can address unsafe driving behaviours resulting in accidents, fines, increased fuel usage and higher insurance costs. By identifying and coaching drivers, one customer saved 10% in diesel costs in the first year of using Teletrac Navman.
Effectively Maintain Assets
Keeping your drivers safe isn’t just about managing and monitoring their work and rest hours. The condition of machinery and vehicles plays a huge role in fleet safety, and it’s vital that asset maintenance doesn’t get forgotten. A small technical fault can be a serious safety liability.
Collecting vehicle and asset data via an electronic pre-trip checklist helps maintenance teams to be made aware of any new or potential faults. Certain assets can be taken off construction sites if necessary. Order the required parts and the issue is swiftly fixed.
Unlike paper-based maintenance logbooks, the data from electronic pre-trip checklists is instantly accessible to all so operators and managers can schedule work around asset services. Not only are you keeping your fleet safe, but you’re ensuring that you have the resources to effectively meet all your deadlines.
Real-time GPS location tracking paired with collated asset data lets you effectively measure the use and performance of your machinery. Complete visibility over your equipment helps improve productivity and reduce costs on worksites.
Knowing when your assets are being used, instead of sitting idle on a jobsite, prevents unnecessary hire costs. The insights gained from our software means you no longer will hire more equipment than necessary. You’ll be directing assets to exactly where they’re needed most.
You can monitor and analyse your machinery from virtually anywhere. Our data-driven reporting tools let you manage fuel use across all your assets, improving your businesses’ day-to-day efficiency and reducing idle time.
Construction businesses using big data to inform their operations will see reduced admin costs, improved asset maintenance and better customer service while gaining an advantage over competitors.