How the Internet of Things Can Benefit Your Workplace
As workplace technology continues to advance across industry lines, the construction sector is no exception. Specifically, the Internet of Things (IoT) has quickly developed a reputation as one of the most promising technological advancements in the construction industry over the past decade.
In fact, according to the latest market research, construction employers across the globe have already invested a combined total of $8 billion in the IoT—with this number estimated to double to $16 billion by 2024.
Keep reading to learn more about what the IoT in construction looks like and the benefits that this technology can offer your organization.
What Does IoT in Construction Look Like?
In the realm of construction, the IoT entails the implementation of various internet-connected sensors, which can be placed across the job site or worn by employees (or a combination of the two). These sensors typically appear in the form of devices such as computers, tablets, smartphones and smart watches.
Such devices are able to obtain a wide range of data related to activity, performance and working conditions at the job site. Once this data has been collected, it gets sent to a central dashboard where it can be further analyzed by the employer. Having this dashboard at your fingertips can help you obtain and review workplace data more efficiently, as well as utilize that data to make informed decisions on-site.
Benefits of the IoT
Implementing the IoT within your organization can offer the following key benefits:
- Improved safety conditions—Having employees wear devices that monitor their workplace activities can allow you to better detect and remedy risky behaviors happening on-site. Implementing such a safety measure may also help lower your organization’s insurance premiums.
- Upgraded supply management—You can use the IoT to keep an updated count of job site materials and inform you that it’s time to order more when your supply is getting low, thus minimizing the likelihood of late deliveries and project delays.
- Enhanced maintenance measures— The IoT can also be utilized to monitor your workplace equipment and flag items that require maintenance. This can help your organization be more proactive about maintenance and repairs—fixing equipment issues before they become larger problems (e.g., the equipment being out of service).
- Increased energy savings—Lastly, the IoT can allow you to evaluate how much energy the job site is using. By reviewing your workplace’s energy habits, you can find ways to reduce unnecessary usage—lowering your energy bill in the process.
For additional industry updates and risk management guidance, contact us today.