Construction company administration of intangible resources in the face of uncertainty

Abstract

Management of intangible resources is an important component of a construction company’s business processes. The rapid development of information technology forces construction companies to change their usual activities and rebuild business processes in accordance with the challenges of the real market. It is digital technologies that are the object of the company’s intangible assets that can be used much more effectively to improve the current processes and information flows in the construction company. The advantages of the construction company’s intangible assets, such as Smart spaces, are that they provide increased efficiency and lower production costs, achieved through rational actions, the use of faster and more secure communication methods that guarantee the necessary flow of information. They also improve efficiency through rational and timely actions, with an emphasis on creating value and using new technologies. The economic effect of using information technologies, namely the introduction of Smart spaces, can be either direct, material in the form of achieved cost reduction and increased productivity of operations, or non-material, in the form of implemented patents and licenses, and improving the company’s image, as well as the potential of information technologies that can be used to make more effective decisions of a strategic nature.