6 REASONS WHY Managing Edge IT Is Critical for Construction Companies

Effective IT asset management plays a key role in construction company success.

Any disruption to services on a jobsite can be disastrous and lead to things like safety hazards, delays, and even financial losses. Modern technical solutions are integral to supporting the operation, monitoring, and control of any construction project. And, while technology can be our best friend, construction companies are adopting new technologies at a breakneck pace—adding things like IoT devices, Bluetooth devices on site, and advanced systems to coordinate with all contractors and partners to the network means more and more assets must be looked after. Technology still needs to be managed and monitored for obvious reasons such as their usage, condition, and location.

And then, of course, let’s not forget about the various regulations that these companies must comply with such as OSHA, EPA, FLSA, and Federal Acquisition Regulation (FAR). Beyond federal law, regulations get specific by state.

All of this can be difficult to manage when multiple companies/ partners are involved, so technology solutions are needed to ensure compliance.

Below are six different ways that IT asset management can help—or hurt— construction companies as they try to scale, stay compliant, and cut costs. When done right, properly managing assets at the edge allows them and other utility providers to:

˜ Have visibility and control: Construction companies have visibility into assets, enabling them to track their location, configuration, and usage. This ensures all assets are accounted for and reduces the risk of loss, theft, or unauthorized access.

˜ Comply with regulations: By maintaining accurate records, managing software licenses, and implementing appropriate security measures, effective asset management actually helps them show compliance.

˜ Mitigate risk and safeguard infrastructure: Effective IT asset management minimizes risks by identifying potential vulnerabilities, ensuring timely software updates and patches, and proactively addressing security threats. It also helps prevent downtime, maintain system integrity, and safeguard critical infrastructure.

˜ Decrease costs through improved efficiencies: By gaining insights into asset utilization and lifecycle management, companies can make better informed decisions regarding procurement, maintenance, upgrades, and sunsetting. This leads to cost savings, improved efficiency, and better budgetary planning.

˜ Automate operations and avoid downtime: By having a centralized repository of asset information, companies can automate tasks such as inventory management, maintenance scheduling, and software license tracking. This greatly reduces manual effort, eliminates errors, and improves overall productivity.

˜ Scale expanding infrastructure: IT asset management ensures that assets are properly integrated, compatible with existing systems, and aligned with the company’s strategic objectives. It provides a foundation for scalability, allowing companies to efficiently manage their expanding IT infrastructure and focus on long-term growth.

 Construction companies are adopting new technologies at a breakneck pace — adding things like IoT devices, Bluetooth devices on site, and advanced systems to coordinate with all contractors and partners to the network means more and more assets must be looked after.

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Dale Quayle is CEO of RF Code.