Engineering data, schedules, enterprise data, control and sensor data, GIS (geographic information systems), LiDAR: There is a veritable data tsunami that is happening in businesses these days, and construction and engineering companies are now tasked with harnessing all this data, which comes at the same time as the new Infrastructure Investment and Jobs Act. Enter digital twins, which are able to not only reign in the data, but will also enable contractors and engineers to make better and faster decisions. Let’s explore.
Data, data, data. The volume of data has doubled in the last three years and is the lifeblood of the construction industry—and now one new report suggests better data strategies could save the global construction industry $1.85 trillion. Let’s take a closer look at how this will unfold.
The pharmaceutical industry has many regulations and requirements imposed by the government to protect the end user, and that means the collective us.
If you have been following Constructech for any period of time, you know data is at the heart of any good technology strategy.
Of course, we live in a data-driven world. From your handheld computer, called a smartphone, to the supercomputer on your desktop, data is everywhere. The social media that has become the go-to source of communication and interaction depends on input—data—to provide that communication.
Can machines help construction professionals think better? A recently released study by Bentley Systems implies many in the industry do not believe so—or, at the very least, their actions suggest they don’t. Of the 720 construction business professionals surveyed, just shy of half (44.3%) of the respondents in Bentley’s survey say they have limited or no insight into company or project performance. However, 45.2% say they do recognize the importance of collecting project data, they’re just not doing it or making the most of it.
The IoT (Internet of Things) has proliferated many aspects of personal and professionals lives. The trend is moving into our infrastructure, with a new report suggesting that data has “woven itself into the central fabric of the water economy.”
The age-old business adage that the customer is king rings true in today’s always-on, always-connected society. For residential builders, this is as evident now as it has ever been, and predictions show analytics and technology are going to be key to driving forward a successful CRM (customer-relationships management) strategy.
Digital transformation is essential for the construction industry—but the disruption to business process can be challenging. In particular, ERP (enterprise-resource planning) software offers an integrated approach to business processes ranging from sales to accounting, CRM (customer-relationship management), and beyond.