Advancing Construction Analytics conference: key takeaways

In Lantern Posts, News by Marc Krichman

I attended the inaugural Advancing Construction Analytics conference a few weeks ago, which was the first conference I’m aware of that focused solely on promoting data-driven decision making in our industry. Aside from mentioning this was a long time coming, like any technology-focused conference in our industry, there seemed to be several themes which emerged both through direct conversation and by walking around listening for interesting snippets of conversation at breaks, meals and bar time.

POCs, initial projects and other

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Calling all AEC Companies… Are you using Excel to manage data for your company?

In Lantern Posts, Musings by Marc Krichman

If so, there is a 90% chance
your data is inaccurate.

We’ve entered the time where more and more companies are realizing the value and importance of data in multiple areas of their business, from operations to finance to production to staffing.

But we’ve also entered the time when companies use the wrong tools to visualize and communicate the data: namely, Excel.  In fact, a recent survey on management styles and communication found that over 20% of surveyed team members … Read More

Why Construction Companies Should Use Data

In Lantern Posts, Musings by Marc Krichman

data-03-1167482-1279x904Data is becoming increasingly important in a plethora of industries, from healthcare to manufacturing to retail and more. So what about construction? Is there a use for data analysis and interpretation in the construction industry? In fact, there are quite a few uses.

Here are three things you can accomplish in construction with the proper use of data

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Common Terms in Business Intelligence for the Construction Industry

In Insights, Lantern Posts by Marc Krichman

dictionary-1426438-1280x960Business 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

Business Intelligence: If You Can Measure It, You Can Manage It

In Lantern Posts by Marc Krichman

Healthy profit margins don’t come easily to construction companies. Every project is different, so it’s hard to deliver consistent quality on time, within budget. The key is to avoid problems before they arise and implement best practices across the organization. And that takes information.

Enter business intelligence (BI). BI aggregates information from multiple sources and presents it in easy-to-grasp formats. Decision makers use that information to identify problems, single out best practices, and improve the performance of individuals and the … Read More

Lantern Data Systems Added To Procore’s App Marketplace: Offers Tailored AEC Dashboards And Analytics To Procore Customers.

In Lantern Posts, News by Marc Krichman

Make better, data-driven decisions by combining data from Procore and other construction systems into one business intelligence platform.

Sacramento, CA – October 19, 2016 – Today, Lantern Data Systems, a business intelligence and analytics company specializing in design, engineering and construction companies, announced its inclusion into Procore’s expanded App Marketplace enabling joint customers to connect their construction project management data to Lantern’s AEC business intelligence platform.

Marc Krichman, Lantern’s Co-Founder & President, highlighted the benefits of the partnership. “Now Procore … Read More

5 Steps to Help AEC Firms Implement a Data Strategy

In Insights, Lantern Posts by Marc Krichman

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

Developing an Executive Dashboard for Construction

In Lantern Posts by Marc Krichman

executive dashboards for constructionHow do you monitor a construction project in progress? It’s important for project teams to have a clear idea of what’s going on in the project at all times, so that they can make informed decisions when necessary. But what’s the best way to keep them in the loop? Use an executive dashboard.

What Is an Executive Dashboard?

As its name implies, an executive dashboard is a single location from which project teams can view at a glance all of … Read More