In the construction world, Joint Ventures are becoming more commonplace. We’re going to explore the reasons why having robust, secure, and reliable connectivity is vital when part of a Joint Venture (JV) project.
Joint Ventures typically exist to exploit the strengths of each company involved and share the risks involved. Therefore, having an expert supply chain to take advantage of the competitive edge offered by qualified, experienced professionals who can problem solve, troubleshoot, and think outside the box when it comes to mitigating risk is vital.
Why connectivity is vital for JV construction projects
The integration of digital technology in the construction industry is enhancing operational efficiency, driving cost savings and facilitating extensive data sharing. This transformation is bringing about a new era where substantial amounts of data are generated and stored digitally for each project. The success of a project is increasingly contingent on ensuring the confidentiality, integrity, and accessibility of its information and IT systems.
Technology for construction is fuelled by connectivity
Having access to the latest innovative tech solutions – including cloud-based platforms, IoT devices and equipment, and Connected Autonomous Plant (CAP) can be daunting – however ensuring all these devices and platforms work on site as well as being able to instantly distribute reports, data and insights via the cloud should be simple.
Selecting a connectivity provider who can take on full management and ensure the right solutions are installed correctly can ensure your IT and digital teams can focus on projects and tasks that will add value and be more commercially beneficial to the joint venture project. Historically, site connectivity focused on the site offices, however, connectivity is now required site-wide, often over a large geographical area and has rapidly become an essential utility for site operation.
If you need to ensure your Joint Venture project is up and running swiftly, Onwave is supporting construction clients across the UK with their connectivity requirements.