PRINCIPLES OF DEVELOPMENT OF SMART TECHNOLOGIES IN CONSTRUCTION BUSINESS MANAGEMENT

Abstract

SMART technologies are expected to contribute to achieving specific, measurable, achievable, relevant, and time-bound results in all aspects of managing construction projects, resources, and costs. However, effective integration of these technologies at all stages of the construction process, including planning, design, construction, facility management, maintenance, and monitoring, is a key challenge. Some SMART technologies may be costly to implement and support, so addressing the issues of accessibility and affordability is critical for small and medium-sized companies in the construction industry. Preserving the confidentiality, integrity, and availability of data is an integral part of successful SMART technology usage, as they can introduce new security risks. Implementing such technologies requires not only technical knowledge but also cultural changes and process revisions. Adequate training and staff preparation are necessary for successful SMART technology implementation. Changes in internal processes and approaches to managing construction projects may be necessary when implementing SMART technologies. Effective management of these changes is critical to the successful execution of projects. Based on the principles of SMART technology development in construction business management, it has been demonstrated that integrating digital innovations is key to improving the efficiency, quality, and sustainability of construction projects. Process automation, mobility, flexibility, and intelligent resource management enable companies to quickly adapt to changing market conditions and effectively manage projects, ensuring a high level of safety and minimizing environmental impact. The use of SMART technologies contributes to improving communication and coordination among all project participants, which is important for achieving project objectives and meeting client expectations. Thus, SMART technologies play a strategic role in modern construction business, opening up new opportunities for innovation, growth, and sustainable development.