Know the Transformation in the Construction Industry with CFO - Joe Harper

The Construction Industry is regarded as slow when it comes to adoption of technology but more firms are keen on solutions that will improve productivity and increase revenue.

In today’s chapter, we will talk to CFO and financial expert working with a Construction Group on what role prefabs, robots, cyber security and micro learning can play in an increasingly complex construction landscape.

Let Us Quickly Get To Our Expert’s Point Of View.

Question 1: What projects/initiatives are you working on at the moment?

I am currently working on VSM, Commission Structures at the moment.

Question 2: According to you, what Construction Technology and Management Trends could make the maximum Impact on the Industry in 2022? How Technology Will Enable Construction Continuity in 2022?

I believe Cyber Security and Micro Learning concepts are important trends that could make the maximum impact in the industry in 2021. Construction technology will enable continuity as it will smoothen workflows, improve productivity and grow revenue for owners.

Question 3: What potential do you see in construction technology for leveraging overall business productivity with construction projects, especially when we talk about recovery and growth after the pandemic?

Technology moves slower in Construction so I believe that the normal trend towards leveraging technology will continue and construction best practices need to be adopted. I also think that the use of robots and prefabs will become more popular especially when we talk about recovery and growth after the pandemic.

Question 4: Do you believe COVID-19 has turned out to be the Catalyst for Digital Adoption? Do you think the trend will sustain once the pandemic ends?

No, I don’t believe that COVID-19 has turned out to be the catalyst for digital adoption. This is because technology adoption is slower as far as the construction industry is concerned , so I believe COVID-19 will be a blip instead of a catalyst.

More Details

Joe Harper is currently working as a CFO working with a Construction Group where the focus lies in construction, controllership and business advisory services. He likes to exchange ideas on accounting, financial analysis, process design, project management and relationship building.

He specializes and has a keen interest in accounting/software, auditing, budgeting, cash flow, cash management, contract management, estimating, financial statements, payroll processing, project planning, real estate,tax planning, and workflow analysis.