Efficiency and competitiveness of construction companies in Bosnia and Herzegovina with the use of Internet things

Mladen Radivojevic, Luka Raguž, Lutvo Haznadarević

Abstract


If construction companies want to operate more efficiently and gain a competitive edge, they must monitor real-time operating costs. This can provide them with the use of the latest IT tools. The paper will propose to use only one of the new technological solutions: The Internet of Things, which can provide a construction company with more real-time data. This data, with a large amount of other data, if processed effectively, can provide knowledge and competitive advantage to construction companies. In this paper we will present some of the results of the research we conducted in 2019 that relate to the application of new technological solutions in construction companies in Bosnia and Herzegovina. In order to look at least part of the situation in the country, we will list some of the indicators related to the competitiveness of Bosnia and Herzegovina. If construction companies want to provide a more competitive business, they must use real-time intelligent information systems in their operations.


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ISSN : 2251-1563