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There's a lot written about the importance of data in construction decision making. Joe Burkett of Cafco Construction Management shared how his company puts their data to work every day. Chris Sheridan gave us insights into how data is part of a peer review program that is preparing his company for the future. And we learned a bit about this new thing called big data (and how it relates to beer—yes you read right–and building).
In my experience, most construction firms have not yet tapped into the full potential of data-driven decision making. But there is interest, and many construction professionals are expanding their use of data to give them more visibility into their business.
What business visibility benefits do construction companies want their information technology to provide? We recently asked contractors that question in our 2014 Sage construction IT survey. Here’s what they had to say.
I like what R. Tyler Pare, a consultant with construction consulting firm FMI, said after looking at these survey results: “Simply collecting and tracking data is all for not if that data is not appropriately and effectively communicated to decision makers. The biggest challenge is how to boil down thousands, if not millions, of data points into a conveyance of information that is understandable and actionable.”
For more information about data-driven decision making, download our e-book: Four Tech Trends That Are Reshaping the Construction Industry.
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Deb Carpenter-Beck, Sage employee, is a writer and marketer with more than 25 years of experience in the construction and real estate industries. She often writes about technology and best practices and is passionate about helping contractors and real estate professionals achieve their business goals.
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