The current state of inflation, rising interest rates, and global instability are creating an environment of heightened uncertainty and erratic economic variables. While this threatens to reduce consumer spending and therefore corporate profits across most industries, the demand for construction continues to remain high.
What has changed is that, while some proposed projects are being cancelled in light of increased costs, the available funds are instead being allocated into other projects and existing infrastructure. Under these conditions, it’s imperative that project services be efficient and flexible. So, while the increasingly digital nature of business and commerce has put pressure on operators, it also offers opportunities. As technology such as cloud computing and data analytics becomes more commonplace and project service automation evolves, businesses can benefit — if they’re prepared.
At Hitachi Solutions, we specialize in providing clients with the most innovative and intelligent software solutions. Thanks to our deep knowledge and expertise in the project services space, we’ve identified several key success factors that will affect project service automation (PSA) through 2022 and into 2023. Here are 11 key success factors we predict will be vital to project services for the coming years.