PROBLEMS WITH LACK OF INTEGRATION
The results of these disconnected environments speak for
themselves. Studies show that, despite a market growing
at a healthy 4% in 2018 and 2019, contractors continue
to struggle with tighter and tighter margins in the range
of 2% to 8%, according to the Construction Industry
Institute. While other industries have seen dramatic
productivity increases, reports show the construction
industry's productivity has remained stagnant for the past
50 years. In fact, the Aberdeen Group, a respected market
intelligence company that captures and analyzes behavior
across hundreds of B2B sectors, found the following types
of problems associated with disconnected data systems
and the percentage of contractors reporting them in its
report: "The Cost of Doing Nothing: Why You Can't Afford to
Sit on an ERP Software Decision":
That's why more and more construction firms like Dynamic
Systems are coming to believe in the power of integrating
their data to make it more transparent, visible and actionable.
But what does integration really mean — and how can it be
accomplished on a practical level? To answer that question,
it's helpful to first look at the ways that a lack of integration is
affecting many contractors. Here are five.
» Redundant data - 35%
» Business systems can't interact with each other - 33%
» System can't track business processes - 28%
» Difficult to share data outside of
the organization - 23%
» Lack of collaboration capabilities - 23%
» Inaccurate data - 23%
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