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How Data Analytics Impacts the Construction Industry

Construction Tech Review | Saturday, November 21, 2020

Digitizing workforce management will help construction companies recognize some impressive benefits like reducing risks and maintaining a safe and healthy workplace. 

FREMONT, CA: Construction during the COVID-19 outbreak increased the adoption of technologies, transforming the building business model, enhancing collaboration and productivity, and increasing salaries and profit margins.

5D BIM, data analytics, drones, mobile solutions, and other collaborative tools like common data environments are becoming more popular among larger construction companies worldwide. While they increase productivity in real-time, they can be more crucial in laying the groundwork for more disruptive technologies to be implemented in the future.

Big data presents a method for construction companies to collect, analyze, and apply massive amounts of information to solve business problems and offer critical, informed insight for future activities. It assists construction businesses in completing projects on time, bidding more accurately, and building more efficiently. Big data in construction presents a severe challenge in collecting, sharing, and utilizing the data gathered throughout the complex construction ecosystem.

Today's construction companies have started using collaborative technology, like real-time, cloud-powered analytics, to extract large structured and unstructured data repositories, ensuring that all stakeholders, such as architects, consultants, engineers, subcontractors, speciality tradesmen, clients, operators, agents, and suppliers are on the same direction and are updated with real-time data. These technologies have the potential to transform the industry by providing innovative benefits.

Mitigate risks 

The collection and analysis of big data from construction projects can assist in the identification of potential challenges and risks. Big data solutions, for example, can notify the project team of possible delays, exhaustion, and overall project time and cost overruns by analyzing the productivity of crucial resources like labor and equipment.

It is possible to overlay project-centric information with corporate data to identify trends by gathering both structured and unstructured data.

Maintain a healthy and safe workforce 

Sensor-enabled wearable devices are creating a significant impact on enhancing workplace conditions for employees, along with offering critical insights into the productivity and efficiency of plant and equipment. The biometric sensors built into the wearable can monitor the wearer's health, and other sensors can keep track of the environmental conditions that can impact workplace safety.

Improve plant and equipment productivity

Sensors are utilized on modern construction sites to collect plant and machinery data to improve productivity. The devices attached to the on-site operational equipment produces a massive amount of data about the performance and usage of instrumented machines.

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