In order to achieve operational efficiency and maintain competitiveness in today’s market, a business must be equipped with the right tool every task. This is especially true in process-oriented sectors such as the construction industry, where the efficient allocation of the workforce, equipment, and building materials is determined with how accurate their business systems are organizing and producing data.
The need for efficient processing and use of data then results in many companies, not only in the construction industry, to shift from manual data processing to the use of software systems. Since the introduction of personal computers in the business in 1970s, it has also been imperative to invest in business software solutions designed and built for individual tasks such as data collection and processing, accounting, payroll administration, and project management.
Decades later, and most companies these would not even survive without using software to manage their front and back-office functions. The only difference, however, is that the modern software systems no longer makes it a requirement for businesses to deploy them on-site, as they can now be used as long as their computer is connected through the internet. Such a service model is called cloud computing. To learn more about cloud-based software systems and the advantages and drawbacks of using them in the business, check out the detailed infographic below from Bizprac.