How Big Data And Analytics Are Transforming The Construction Industry

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How Big Data And Analytics Are Transforming The Construction Industry

(Forbes) 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. Number crunching has always been a big part of construction – a commonly heard phrase is that construction companies are accounting companies which happen to erect buildings. It’s an industry where 35% of costs are accounted for by material waste and remedial work. So counting the cost of every screw could be the difference between delivering on budget and bankrupting an organization (or several organizations) financing a build. Read More at Forbes.

July 31, 2016
Construction Technology News ,
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