As business technologies grow across all industries and younger, more data-informed professionals enter the construction workspace, contractors gain an understanding of what is needed for the success of their project.
Currently, the construction industry is one of the last major industries to embrace business intelligence practices, but the companies that have done so have seen drastic improvements.
Cloud-based, integrated construction software and mobile applications allows data to be accessed and updated in real time and this is the technology that has been helping construction companies succeed.
In this industry, nearly 35% of the costs arise from material waste and remedial work, but recent softwares allows a firm to control costs by better managing and anticipating labor, inventory, project costs, and more from the bidding process up to building.
By taking the time to learn the construction data that you have in hand, you are making the decision to improve your operations for today and the future.