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Pandemic has transformed the business model of many industries especially the Construction & Real Estate Industry significantly. This has resulted in shifting the focus more towards modernizing and digitizing the business processes.
Pandemic resulted in supply chain disorders and bottlenecks in transport. Due to labor shortage, lockdown measures, social distancing norms, and guidelines for safe working, many companies were forced to implement business process automation to help maintain productivity.
One of the most significant effects of Business Process Automation has been the elimination of human error and achieving 20% to 30% cost reduction by automating the “right business processes”. Companies have realized Business Process Automation (BPA) is the path of the future. There are many companies that have come up with digitized products, processes and services which have changed the way we work, live and play. Digital transformation is a process in which an organization uses digital technology, such as cloud computing, big data analysis and other technologies to improve customer experience, as well as operational efficiency and business performance. This helps them stand out from their competitors by providing better products and services at a lower cost, thereby increasing their market share.
Besides material, two major cost components in construction industry are labor and operational process cost. Streamlining and optimizing these two components should simplify business operations with reduced costs and increased productivity. Automation (BPA and RPA) deliver benefits to a business not only in terms of time and cost savings but also helps in in-depth understanding of processes across the organization.