You’ve probably heard the arguments by now — hosted construction technology solutions or on-premise? Do you need advanced cybersecurity? Do you have a trusted team that can manage your server — on a regular basis? Why are so many organizations choosing to modernize and upgrade to the cloud? With the rapid speed of technology and so much information to consider, it may be hard to discern what is best for your construction organization.
In a recent survey by Raconteur, 70% of construction companies believe that those who do not make digital change and move into a construction cloud solution will go out of business, but why?
Here are five key benefits to upgrading to a hosted solution that might persuade you to consider moving to a hosted construction environment:
1. Accessibility Equals Profitability
Gain access to imperative reports such as job cost and other financials from anywhere at any time. This leads to fast, accurate forecasting that can help make quick, money making decisions. This is achieved by putting easy-to-use web-based tools in the hosted solution thus making it easier and faster to access data.
2. Greater Visibility Leads to Greater Productivity
According to McKinsey & Co, contractors that digitally transform to the cloud increased their productivity by an average of 14% to 15%. With a hosted, construction cloud solution, greater visibility into project data is gained, giving teams the ability to make real-time operational and business decisions that boost productivity and profitability across the board.
According to Coveware, the average ransomware incident lasts an average of 7.3 days and each hour of downtime costs an average of $100,000 dollars. Also, DataCenterKnowledgereports that only 43% of companies with a major data loss reopen. Yikes. Many construction organizations don’t appear to operate with a data security team on staff. Viewpoint has added security and infrastructure to help reduce or almost eliminate a cybersecurity attack. Another reason why a hosted solution is a huge advantage.
4. Prevent Business Disruptions by Pivoting Quickly
Remember the deep freeze that took place in Texas and impacted the state’s electricity grid? Construction cloud software can help prevent data failures and disruptions caused by natural disasters due to servers being placed in multiple, low risk locations instead. However...
5. Hardware Failures Are to Blame for a Majority of Data Losses. This Can be Avoided.
According to Seagate, the bulk of disruptions are caused by hardware failures and software data losses. With automatic backups and data audits, hardware failures don’t generally impact cloud hosted environments and its data — a feature that many on-premise solutions don’t have.
Still confused about hosted, cloud solutions versus on-premise systems? Viewpoint can help! If you would like someone to evaluate your organization’s construction technology stack, please contact us.
To learn more about hosted construction solutions and the increased cybersecurity they provide, listen to our recent webinar:
Gallit is a content marketing manager at Viewpoint. Her ten years of marketing experience spans across various industries. Gallit enjoys learning about the exciting world of construction and sharing what she has learned with the industry.