5 technology trends construction contractors can't afford to ignore

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5 Technology Trends Construction Contractors Can’t Afford To Ignore

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Page 1: 5 Technology Trends Construction Contractors Can't Afford To Ignore

5 Technology Trends Construction Contractors Can’t Afford To Ignore

Page 2: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Bill Walter, MCP, MCSE, PMP

Principal with Gross Mendelsohn’s

Technology Solutions Group

Page 3: 5 Technology Trends Construction Contractors Can't Afford To Ignore

What We’ll Cover

1. How to use mobile technology to keep workers connected.

2. Document sharing and collaboration with workflows and picture

attachments.

3. Security measures to minimize threats like hacks, viruses, and data loss.

4. Why your business cannot afford to bypass social media.

5. The concept of a “virtual CIO” – what is it and do you need one?

Page 4: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Watch the full seminar by following this link:

http://bit.ly/construction-tech-trends

Page 5: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Mobile Technology

4:3282%

Trend #1

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14% of Maryland construction contractors are concerned about field/mobile access to email, project management systems, electronic files, timesheets, etc.

-2017 Maryland Construction Industry Survey

Mobile (14%)

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Does your business take advantage of mobile technology (electronic timesheets, email communication between onsite jobs and office, etc.)?

-2017 Maryland Construction Industry Survey

Page 8: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Does your business take advantage of mobile technology (electronic timesheets, email communication between onsite jobs and office, etc.)?

-2017 Maryland Construction Industry Survey

124 out of 159 answered yes

78%

Page 9: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Does your business take advantage of mobile technology (electronic timesheets, email communication between onsite jobs and office, etc.)?

-2017 Maryland Construction Industry Survey

35 out of 159 answered no

124 out of 159 answered yes

22% 78%

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If we know mobile technology can make our construction businesses more efficient,

WHYSO RELUCTANT?

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What’s Considered Mobile?

Phones

Tablets

Laptops

Wearables

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BYOD: Bring Your Own Device

• Allows access to the network even

when not in the office

• Doesn’t necessarily make you

vulnerable if you do it right

• People already own these devices –

cost benefit

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What Can Mobile Do?

What Would You Do With Mobile Devices?

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What Can Mobile Do?

Get Real Time Data for Reports

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What Can Mobile Do?

Instantly Submit and Analyze Timesheets

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What Can Mobile Do?

Track and Send Emails About

Current Projects or Jobs

Page 17: 5 Technology Trends Construction Contractors Can't Afford To Ignore

What Can Mobile Do?

Monitor, Manage and Track Equipment

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What Can Mobile Do?

What Else Do You Think It Can Do?

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Here’s How ElectriCon* Used Mobile to Advance Their Business…

*Name has been changed to protect the identity of the organization.

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ElectriCon’s Mobile Setup

ElectriConneeded a way to

print essential documents on-

the-go.

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We set up a wi-fienabled printer accessible from

a briefcase.

ElectriCon’s Mobile Setup

ElectriConneeded a way to

print essential documents on-

the-go.

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Now, they can print change orders from their mobile project

manager station.

We set up a wi-fienabled printer accessible from

a briefcase.

ElectriCon’s Mobile Setup

ElectriConneeded a way to

print essential documents on-

the-go.

Page 23: 5 Technology Trends Construction Contractors Can't Afford To Ignore

INSIDE SECRET: Even if a device is mobile,

it CAN be secure!

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Document Sharing And Collaboration

Trend #2

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What are your most time consuming workflows?

What documents do you wish you could instantly share?

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Proposals

Change Orders

3 Common Workflows That Can Be More Efficient from Document Sharing

Review/Signoff Required Documents

Punch Lists

Field Logs

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Document Sharing and Collaboration

Access to real-time information

• More accurate and efficient

• Staff Accountability

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Document Sharing and Collaboration

Access to real-time information

More accurate and efficient

• Staff Accountability

Page 29: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Document Sharing and Collaboration

Access to real-time information

More accurate and efficient

Staff Accountability

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Your Document Sharing Setup Should…

1. Have a user-friendly interface for employees.

2. Be integrated into your other systems so you can collect essential data.

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Your Document Sharing Setup Should…

1. Have a user-friendly interface for employees.

2. Be integrated into your other systems so you can collect essential data.

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The #1 concern for Maryland construction contractors is automated integrations between software tools like estimating, bid log, scheduling, accounting, service, etc. in 2017.

-2017 Maryland Construction Industry Survey

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How Can Document Sharing Solutions Integrate Into Construction Workflows?

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Project pictures with geolocation and time stamps

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Create quick change orders with signatures

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Mobile stations for printing essential documents on-the-go

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Cyber Security

Trend#3

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For many companies, it’s not a matter of if they’ll get hacked, but when.

I doubt my construction company will ever get hacked. It seems too

unlikely.

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31 out of 159 Maryland construction contractors were hacked in 2017…so far.

-2017 Maryland Construction Industry Survey

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“This year, we record the highest average total cost of data breach at $7.35 million.”

“In 2013, the average cost of a data breach was only $5.40 million.”

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“Malicious or criminal attacks continue to be the primary cause of data breach.”

“52% of incidents involved a malicious or criminal attack, 24% of incidents were caused by negligent employees, and another 24% were caused by system glitches, including both IT and business process failures.”

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Not only is it expensive to deal with a security breach…

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You risk losing your essential data and client files to malicious

entities.

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You risk losing your essential data and client files to malicious entities.

In many cases, after paying ransomware fees to a hacker who encrypted your files, you will still lose your data.

The only way to prevent a loss of essential data is to make sure your backup files are functioning correctly and are up-to-date.

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A security breach can cost you your credibility and reputation.

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A security breach can cost you your credibility and reputation.

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Just ask Builders, Inc.* about their security breach…

*Name has been changed to protect the identity of the organization.

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The Hack At Builders, Inc.

Builders, Inc. gets a call from

“Microsoft” saying they need to fix a computer

issue.

Page 49: 5 Technology Trends Construction Contractors Can't Afford To Ignore

The Hack At Builders, Inc.

Builders, Inc. gets a call from

“Microsoft” saying they need to fix a computer

issue.

After going to the link provided by “Microsoft,” the

computer slowed significantly.

Page 50: 5 Technology Trends Construction Contractors Can't Afford To Ignore

The Hack At Builders, Inc.

Builders, Inc. gets a call from

“Microsoft” saying they need to fix a computer

issue.

After going to the link provided by “Microsoft,” the

computer slowed significantly.

They needed to act fast! They unplugged the computer while

we scanned their network for malicious

activity.

Page 51: 5 Technology Trends Construction Contractors Can't Afford To Ignore

INSIDE SECRET: Your employees are a huge

threat to your security

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Avoiding A Breach

• Your chance of being a victim of a hack increases when you ignore basic security practices.

• The #1 defense you have against a hack is to educate yourself and your employees on safe computer habits.

Page 53: 5 Technology Trends Construction Contractors Can't Afford To Ignore

Social Media

Trend #4

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Nearly two out of every ten contractors say their business doesn’t use social

media and has no plans to start.-2017 Maryland Construction Industry Survey

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Here’s Why This Number Is Alarming…

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Facebook (23%)

Twitter (12%)

LinkedIn (31%)

Instagram (3%)

YouTube (5%)

My company doesn't use social media and has no plans to start

My company doesn't use social media, but

would like to start

Maryland contractors reportedusing the following social media platforms:

My company doesn't use social media and has no plans to start

(9%)

My company doesn't use social media, but

would like to start (17%)

Page 57: 5 Technology Trends Construction Contractors Can't Afford To Ignore

4 Reasons Why Companies Ignore Social Media

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It takes time to managea social account

Page 59: 5 Technology Trends Construction Contractors Can't Afford To Ignore

It seems risky to put yourself out there publicly

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It’s always possible to get a bad review

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It could be worthless if social media goes “out of style”

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4 Ways Companies Can Seriously Benefit From Social Media

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You can supplement your one-on-one networking with online word of mouth

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A positive online presence builds your company’s reputation

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Building a solid reputation online can attract better quality employees

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Showcasing your community involvement makes your company even more likeable

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Check out how these construction companies promote their business online…

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Some are posting pictures or videos to showcase the jobs they’ve completed.

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Others are managing

online reviews

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43% of Maryland contactors say they don’t think online reviews

impact whether a customer will do business with that company.-2017 Maryland Construction Industry Survey

We disagree.

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INSIDE SECRET: A bad review doesn’t have to

destroy your reputation.

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Here’s what you need to know about reviews

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#1: There is a way to handle a bad review without compromising your reputation

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#1: There is a way to handle a bad review without

compromising your reputation

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#2: Reviews can build a strong reputation and establish trust

Page 76: 5 Technology Trends Construction Contractors Can't Afford To Ignore

#2: Reviews can build a strong reputation and establish trust

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Best Practices For Building A Social Media Presence

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1. Identify your target demographic

Select the platform that reaches the target demographic

Before setting up an account, find the right social media account for your company

2.

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2.8 billion people use social media

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Use these demographics to find your first platform

Facebook• Slightly more women

than men

• Best for reaching ages 18-49

LinkedIn• Slightly more men

than women

• 45% of people who earn $75k+ are using LinkedIn

Twitter• Mostly oversaturated

• Predominantly male

• Mostly 18-20 year olds

Instagram• Fastest growing

• Mostly female

• 90% of users are under 35

YouTube• Video based

• Reaches more 35-49 year olds than any cable network in the U.S.

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Choosing A Platform

1. Pick one platform to get started and do it well

Explore Angie’s List and Yelp to startbuilding your online reviews

2.

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1. Assign a person to manage the account

Monitor and engage. Be active by posting at least weekly

Acknowledge and respond to both good and bad reviews

Managing Your Social Account(s)

2.

3.

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What is Virtual CIO?

Trend#5

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Virtual CIO

• Definition• What do you get• Benefits

• Rent construction equipment vs. virtual CIO

Signing up for Virtual CIO is essentially hiring an outside IT agent who assesses your needs and figures out the right networking set up for you

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111111111111Why Use A

Virtual CIO?

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111111111111

#1 goal of a Virtual CIO is to

understand your business’ needs.

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111111111111

They’re experienced in creating long-term technology

goals.

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111111111111

They’re ready to offer advice on essential decisions, such as whether you’re ready to purchase or sign a monthly subscription for technology

equipment and software.

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111111111111

They help you from the planning and strategy stages to

the implementation and maintenance

stages.

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Do You Need Virtual CIO?

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Contact Our Team

Bill Walter, MCP, MCSE, PMP

[email protected]

443.610.7413

Claim your free 2017 Maryland Construction

Industry Survey results here:

http://bit.ly/2017-results