From the course: Construction Technology: Establishing ROI
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Calculating ROI for visualization tools for a contractor
From the course: Construction Technology: Establishing ROI
Calculating ROI for visualization tools for a contractor
- [Instructor] You've invested in augmented reality installation assistant and need to show a return on investment. Augmented reality to guide installation of items looks fun and futuristic, but how do you know if it's practical? If you have to pay for each individual equipment installation type separately, how can you determine how many to purchase? You'll want to build enough visualizations to be able to show value in what you're doing, but not so many installation visuals that you've created too large of an initial cost to offset while trying to gain adoption of an idea. The goal of the enhanced assistant is to lessen your training load, reduce the number of claims from faulty installations or rework, and minimize the cost of each issue that might incur. For this, I'm going to make up an example. Your company's identified three common issues on your projects: improperly set up mechanical control systems,…
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