It depends on where the construction company is on its digitalization journey. For companies taking their first steps into digital efficiency, they will try simple and dedicated applications. As companies progress along their digital transformation journeys, they will move towards a platform approach to yield the benefits of integrating and leveraging their data through data analytics.

Read More: https://intelvision.pro/blog/how-to-make-construction-data-management-a-competitive-advantage-in-the-industry/

Easier to Manage

No matter where the construction company is on its digitalization journey, one thing is certain rationalizing the number of applications and moving towards platforms make the construction technology stacks easier to manage. But not all platforms are made equal. When selecting a platform, a key consideration is its ease of connectivity and integration.

Store Data Online

Just as you can connect your email client with Dropbox and share your data between applications, plugins remove the friction of construction data flowing between systems. For instance, with automated plugins, check-in procedures can easily integrate thermal imaging and biometrics technology. Project collaboration platforms can also enable data collection and easy integration with field data.

Unlocking the Power of Existing Data

When data is connected and combined with other data sets, it can improve processes and business outcomes, streamline operations, and improve productivity. It can inform decision-making, optimize workflows, transform site performance, and enhance client relationships.

Making Smarter and Faster Decisions

Recognizing the role data plays in making smarter and faster decisions is not new. Many top-tier construction companies already employ data scientists and business intelligence teams to analyze data and provide actionable insights.

These companies use connected data to detect risks, reduce costs, predict trends, reduce waste, enhance forecasting, predict hazards, improve workflows, bid accurately, prevent overruns, and gain greater visibility of real-time operations.

Democratizing Data

Democratizing data involves capturing and integrating data between disparate systems to gain insight. Removing bottlenecks and silos unlocks data and reduces data friction which translates into faster decision-making. When the data is unlocked and shared, the real magic happens. Machine learning and artificial intelligence tools apply advanced analytics to data to help construction companies gain insights and make better strategic decisions.

Data Management in Construction

As more construction companies seek to use their existing data to their advantage, the industry transformation will accelerate as the cloud enables applications to connect and share data. One-stop shops for data will accelerate the industry’s path to digitalization making it easier to aggregate data across multiple parts of the value chain. As construction businesses undergo digital transformation at varying intensities, there are four key points to keep in mind.

Powerful Analytics Capabilities

Ensuring these platforms have powerful analytics capabilities including internal and external data is critical to unlocking the power of data and maximizing the value of insights. Unlock the value of your data and connect your data with the tools you love with our growing pre-defined connections. Can’t find the connector you want? Talk to us about our APIs and customize your integration.