The construction industry is responsible for undertaking some of the biggest and most expensive projects on Earth. Huge amounts of resources and work go into major construction projects and of course this means that huge volumes of data are generated.
Even though analytics has always played a part in the sector is it lagging behind other industries such as retail and financing. More advanced analytics and Big Data are just now finding their ways into the sector.
What I am seeing is that construction firms are starting to move into arenas such as real-time, cloud-powered analytics of large and unstructured datasets. Such methods have the potential to redefine the traditionally fraught relationships between the interested parties. Architects – who want to unleash their creative energy – engineers – who have to try and make it all fit together and not fall down again – and owners, desperate to keep costs from spiralling out of control.
“The world has Dropbox and Gotomeeting to collaborate – we don’t have anything like that specifically for construction. So we had to set out to build our own. And that means we’ve created a tech foundation that we’re really finding to be transformational.” – (John Jacobs, CIO for JE DUNN).