Impact of Innovation
Technology is an essential need in everyone’s life. It gets a bad rap sometimes, but without it we never would have put a man on the moon, we’d still be taking our horse and buggy to work every day and we’d actually have to “like” our friends in real life. Technology makes life easier and more enjoyable, no matter what your lifestyle or career.
We recently returned from the “real-world meets big data” conference of the year, Trimble Dimensions, where innovation was in the spotlight. Although the conference focused on how technology is evolving the construction industry, there are many parallels that can be drawn to any industry. Here are the key takeaways from the conference.
Impact 1: Adopting Innovation Saves Time and Money
Some may argue that the initial investment for new technology is a waste of money. The way we work is ultimately changing, and adapting to that reality could save big bucks in the long run.
At Trimble Dimensions, it was obvious that the way construction operators control and maneuver their equipment must change. Technologies like Cat® Connect GRADE and PAYLOAD assist operators in knowing how they’re manipulating the earth or materials around them. This specificity increases operator accuracy and technique, saving them money and time down the road. Also, monitoring machine health lowers operating costs and extends machine life.
Today you have to do more with less to stay competitive, and adapting to innovation will only help.
Impact 2: New Solutions Increase Workplace Safety
Unless you work in the automotive industry or in healthcare, you probably don’t give much thought to workplace safety. As the need for security and safety heightens, we are finding better ways than ever to use technology. Security in schools is getting better, new measures are put in place for the safety of airline pilots and cyber-security continues to increase.
Impact 3: Technology Improves Cross Communication
This is a big one, because communication touches every facet of business for every industry. The better the communication, the more efficient the project, the more money and time saved and on and on.
For the construction industry, operators in one machine need to work in conjunction with other operators and machines. The impact of technology-equipped machines creates clear lines of communication. Offerings like Cat Connect Equipment Management Services helps owners understand their machines and moves business forward.
There are plenty of innovative platforms, technologies and gadgets to choose from now. And our options will continue to grow. We feel this as a company, too. We now have remote team members working in five different states, so facilitating online collaboration is key for us.
The conference’s main focus was on how to turn data into understandable knowledge, which is essential in every sector. In today’s data-intensive economy, leveraging the potential of data is challenging but necessary.
Optimizing return on the workers and equipment is the primary goal of the construction sector. However, how can company owners establish a benchmark and determine which areas of the operation need to be optimised? The Product Link enters the picture here. Product Link keeps track of data on the location, use, and condition of equipment.
Make sure you research the appropriate platforms and technologies to employ regardless of the sector. Most essential, set aside time and funds so that adjustments may be made in response to the data gathered. That is the key piece of information, correct?
What is innovation and why do we need it?
The introduction of anything new is what innovation, by definition, entails. Innovation is essential to development since without it, nothing new would exist. An company simply cannot remain relevant in the cutthroat industry if it isn’t moving forward.
It may sometimes be difficult to comprehend how innovations affect our society as a whole since corporations often collaborate with other businesses. But innovation encompasses far more than simply businesses seeking to gain a competitive edge.
Innovation is really the main driver of modernity. Change is inevitable, and although it sometimes has unwanted effects, innovation almost always ushers in for the better.