Construction has been traditionally plagued by low productivity

 

Business Intelligence Data Analytics Procore Construction BI

The construction industry has been historically plagued by low productivity.  Many reports have been written about the lack of improvement in this industry.  Reports written by the organizations like Mckinsey in their Construction Productivity Imperative as well as the World Economic Forum: Shaping the Future of Construction all reference the lack of digitization that has existed in the construction industry.  The good news is that is changing.  The construction technology space is extremely hot and there are a slew of new tools on the market helping field workers be more organized and most importantly capture digital data from the field.  This is leading to a change in how companies monitor and manage their projects.

More data doesn’t mean better data

As more and more industry professionals are adopting best of breed solutions such as Procore, BIM360, Plangrid, Smartbid, and Rhumbix (among many others), we are presented with a new challenge, managing and more importantly, using all of this data.  Gone are the days of a single solution, with a single source of truth, hosted on a single server at the office.  Now companies are leveraging cloud-based Software as a Service (SaaS) platforms, point solutions,  and new hardware to boost efficiency in the field, the office and the back office.  More often than not, this leads to datasets that are fragmented across numerous systems and accessible only through those systems. Without a doubt this is a better problem to have than no data at all, but it is still not a solution.  In order to make use of that data we need to organize it cohesively, apply our industry knowledge to it and then we can take action upon it.

Breaking down data silos

Data Silos Construction BI Data AnalyticsIndustry professionals have been very vocal about the need to tear down the data silos that exist between all of these solutions.  Kris Lengieza (@gieza0527) discussed the need for integration across these solutions in order to break down silos ina recent post:  An Open Letter to The Construction Industry Regarding App Fatigue.  With platform solutions such as Procore and Autodesk launching new features  almost weekly, it seems as though the industry is listening.  But industry data as a whole is still fragmented and needs to consolidate at both a company level and an industry level.  With the growth of 3rd party data integration platforms and open API’s consolidating your data into one solution is becoming easier, but there is still  but this is not the end of battle.

Take Ownership of your data

In order to make the most out of the data, you must take ownership of it. You need a solid plan, and you need to execute on that plan in order to gain meaningful insights into your data. We will dive much deeper into the need for a strong “data strategy” in part two of this series. For now let’s focus on maximizing the value of all the great technology in which you have been investing. You can start by unlocking it from the silos and beginning to determine what you want to measure. Understanding the metrics that make our business tick is the value we bring as seasoned construction professionals. We can then work alongside data professionals to collect, organize, filter and act upon those metrics. Data is the new currency that will drive our industries productivity for the foreseeable future, so stop throwing away those dollars and get to work on leveraging your existing data.

Making sense of the data

With so much data flowing from multiple sources, it can become overwhelming. With help from Construction BI and our Power BI App for Procore, streamlining how the data is aggregated and displayed can help make actionable insights into your project data. Contact us for a demonstration of our App!