Say the word “risk” to a construction professional and many will think first of personal safety. When measured by risk of fatal injury, the Bureau of Labor Statistics consistently ranks a number of construction trades among the top 25 riskiest jobs. (Please take care, roofers!)… Read More
Calling all AEC Companies… Are you using Excel to manage data for your company?
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
How to Build a BI Budget
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
Why Construction Companies Should Use Data
Data 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… Read More
5 Tips for Getting Started with Business Intelligence in AEC
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 5 Tips for Getting Started with Business Intelligence in AEC:
1. Understand Your Needs.
What kind of data does your organization deal with? Which … Read More
Business Intelligence vs. Business Analytics for Construction Companies
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
Consumers vs. Creators in Construction
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