The new budgeting year is fast approaching, and you’re going to have a new focus on business intelligence. Understanding your data and how it affects your daily operations is an important goal. The question is, how much will it cost, and how will you pay for it? Before you go implementing a new BI program, you need to budget for it. Here’s how to approach a BI budget for the new year that will provide you with the resources you … Read More
Business intelligence is a complex and often difficult subject to understand fully. It seems everyone is talking about it, but what are they saying, and what does it mean? Part of the problem is the plethora of technical terms and jargon that people use when discussing BI. Knowing and understanding those terms is the first step towards understanding business intelligence. So here’s a guide to some of the most important BI terms, to help you get a handle on what … Read More
In today’s competitive construction landscape, where speed and agility in decision-making are critical, a comprehensive business intelligence plan is essential for organizing and understanding your data. But creating and implementing a strategy can be a bit daunting, particularly if it’s your first foray into BI. So how do you get started with business intelligence?
Here are five tips.
- Understand Your Needs. What kind of data does your organization deal with? What kinds of insights are you looking for? What overall
These days, there’s a lot of talk going around about both business intelligence and business analytics. They both involve leveraging the data of your company in order to grow, evolve, and become more efficient. But what’s the difference between them? Often, the two terms are used interchangeably, and many people seem to disagree on what separates one from the other. So here’s a definitive, albeit brief guide to business intelligence vs. business analytics for construction companies.
The Basic Differences
Let’s … Read More
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The ever-growing digitalization of our world has created a massive amount of data about nearly every aspect of our lives. Every internet site (including this one), click, search engine term and purchase is recorded and associated either with our online identity or in a cookie. Not to mention the devices; smartwatches, smart home devices and the Internet of Things. Though all wonderful pieces of technology, the net effect is that the service providers know an amazing amount of information about … Read More
What construction jobs will look like when robots can build things
By 2034/35, almost 20% of Australians (6.2 million) are projected to be aged 65 or over. One sector already feeling the impact of the ageing population is construction. In Queensland, the number of construction workers aged 55 and over increased from 8% of full-time workers in 1992 to 14.2% in 2014.
An ageing workforce is likely to increase the need for less physically demanding jobs … Read More
Your construction company’s data is incredibly important to how your organization runs. But how do you use it? More importantly, who uses it, and in what way?
When it comes to data, there are two different types of people in your company who deal with it. There are the data creators, and the data consumers and they need different tools to do their jobs effectively.
What Are Creators and Consumers of Data?
What’s the difference? Let’s take, for example, your … Read More
We live in the information age, constantly surrounded by a deluge of data. It can be confusing and overwhelming if you don’t know what to do with it. That’s what business intelligence is for. It seeks to make sense of that data use it to provide you with a clear picture of what’s going on in your company. So how do you implement a business intelligence program in the construction industry? Here’s a brief guide.
Elements of BI
When we … Read More