Without even realizing it we have entered a new industrial revolution. We are now living in the Digital Technology Revolution. These effects have already been seen in other industries, but the engineering and construction sectors have been slow to adopt to the new technologies. We are living in an adopt and overcome or resist and attempt to catch-up age. These trickling adaptations have currently been in use in the form of computer assisted drawing (CAD), 3D modeling and printers, electronic transmission of drawings and blue prints, and digital storage of records, to name a few.
However, no matter how slow the industry is to change the digitization of the construction sector will continue to grow and improve the industry through cost savings. It is estimated there could be as much as a 20% reduction in the total life-cycle cost of a project with improvements in time, quality, and safety. There is another estimate that full-scale digitization could save $0.7 trillion to $1.2 trillion in the Design & Engineering and Construction phases and a further $0.3 to trillion to $0.5 trillion in the operation phase.
Many companies have not fully embraced with this untapped digital goldmine for many different reasons; mainly because change takes time. STAC represents just one nugget in this potential gold mine of untapped potential. STAC allows for the housing of your digitized training records, with each employee receiving a QR enabled card for the records to be at their fingertips. This system drastically cuts down on paper records and allows for peace of mind that records can be easily found and won’t get lost. The ability to run reports on training records and electronic storage has the potential to save thousands in production and material.
If you are interested in investing in the new age of technology, let us know. And we can show you how STAC can save you money.