"Data is the new gold" is the famous quote of the American billionaire Mark Cuban. In the past decades, many trading companies but also banks and insurance companies jumped on the Big Data bandwagon. The construction industry seems to be missing out, even though it would be ideal for the use of Big Data in many respects.
The operation of a construction company generates an enormous amount of data, which is often collected in folders or in different systems, but is hardly ever used.
Without claiming to be exhaustive, these can be divided into the following categories:
- Customer data; e.g., public vs. private, nationality or domicile, corporate vs. small business vs. private
- Geodata; location of the construction site, can be assigned to a municipality or a country, for example, for further evaluations
- Weather data; number of bad weather days
- Personnel deployment data; e.g. site manager, site clerk, foreman, technician, site manager's supervisor, site clerk's supervisor
- Data on equipment used; e.g. make, model, running time
- Subcontractor data; broken down by trades
- Contract data; e.g. size, can be assigned to a size class for further analysis, contract type (general contractor vs. individual trades), claims/extra cost claims
Through structured recording and regression on target variables such as the construction site result, numerous interesting findings can be gained from this or a lot of gut feeling can be confirmed.
Again only exemplarily some statements which could result from this as well as possible explanation approaches:
- Certain site managers or certain construction managers perform better with certain types of customers, because they speak the language of the customer, e.g., due to experiences in their past
- Certain equipment performs better in certain regions, e.g., because it is better suited to the soil conditions
- Certain teams are more proficient with certain types of equipment because they are better trained on them or have more experience
- Certain site managers or certain construction managers perform better on certain types of jobs (e.g., general contractor jobs) because they set their management priorities accordingly.
- Certain types of orders or customers lead to better results in certain regions, e.g. because the people involved are known.
Of course, correlations always have to be questioned critically, as they may be based on third party correlations or simply be spurious correlations. Nevertheless, the potential is enormous, especially for somewhat larger construction companies with a broad range of offers.
From a purely mathematical point of view, the evaluations are not overly complicated. Often, such evaluations simply fail due to the lack of structured data collection in a central system.
In order to exploit the potential of such evaluations, it is advisable to proceed in the following steps:
The first step is to define as conclusively as possible all the exciting data that is collected somewhere in the company and that is potentially relevant to the success of the construction site. When in doubt, it is better to think too broadly than too narrowly.
The second step is to define the system in which the evaluation is to take place. For this, BI systems that are as flexible as possible are the first choice.
The third step is to define the input systems and the data transfer processes into the evaluation/BI system.
Finally, it is time for the IT implementation, which is often less complicated than first thought if it is defined properly in the previous steps.
Considering the high revenues and low margins of the construction business, the opportunity/risk profile of such a Big Data project seems attractive.
best vpn service for us free new zealand vpn best free vpn for ipad https://free-vpn-proxy.com/
best vpn service for us free new zealand vpn best free vpn for ipad best vpn in the world
best vpn for fire stick trust.zone vpn free internet vpn https://superfreevpn.net/
best vpn for fire stick trust.zone vpn free internet vpn vpn reviews
best vpn services 2016 free vpn torrenting
free unlimited vpn for pc https://shiva-vpn.com/
best vpn services 2016 free vpn torrenting free unlimited vpn for pc cisco vpn client windows 10
windows 10 vpn express vpn free windows best vpn service for china https://ippowervpn.net/
windows 10 vpn express vpn free windows best vpn service
for china free nord vpn accounts
one time buy vpn best free vpn 2022 best vpn for dark web https://imfreevpn.net/
one time buy vpn best free vpn 2022 best vpn for dark web best vpn for mac
google vpn best free vpn for dark web free vpn for roobet https://rsvpnorthvalley.com/
google vpn best free vpn for dark web free vpn for roobet free vpn into china
buy vpn server best vpn router 2019 best vpn deals https://freevpnconnection.com/
buy vpn server best vpn router 2019 best vpn deals free linux vpn
cnet best vpn free gaming vpn free secure vpn https://bordervpn.com/
cnet best vpn free gaming vpn free secure
vpn vpn safari free
proton vpn free best vpn services 2019 best free vpn for kodi https://govtvpn.com/
proton vpn free best vpn services 2019 best free vpn for kodi best vpn for 2022
best vpn 2018 reddit best us vpn service super vpn free download https://courtvpn.com/
best vpn 2018 reddit best us vpn service super vpn free download whats the best free vpn
I’d like to find out more? I’d like to find out more details.
custom essay writing canada college essay help nyc custom essay
online https://servicessay.com/
custom essay writing canada college essay help nyc custom essay
online can i get someone to write my essay
%random_anchor_text% %random_anchor_text% %random_anchor_text% https://customessaywwriting.com/
%random_anchor_text% %random_anchor_text% %random_anchor_text% .
positive singles single websites for over 40 single senior
dating sites https://onlinedatingsurvey.com/
positive singles single websites for over 40
single senior dating sites freedatingsite
professional dating sites free for online chatting with singles free dating near you https://jewish-dating-online.net/
professional dating sites free for online chatting with singles free dating near you adult dating
dating sites for over 50 free web date site absolutely free
personals https://onlinedatinghunks.com/
dating sites for over 50 free web date site absolutely free personals free singles dating
top dating websites totally free dating site dating site without registration https://sexanddatingonline.com/
top dating websites totally free dating site dating site without
registration higher strangher
dating for singles best dating websites personals sites https://freewebdating.net/
dating for singles best dating websites personals sites all free dating site
coursework average calculator coursework resume example
coursework report example https://courseworkinfotest.com/
coursework average calculator coursework resume example coursework report example differential equations coursework
design coursework coursework college coursework
geeks https://coursework-expert.com/
design coursework coursework college coursework geeks coursework vs dissertation
coursework template coursework in korean coursework masters vs research masters https://courseworkdownloads.com/
coursework template coursework in korean coursework masters vs research masters coursework title
coursework upm coursework resume example coursework plan example https://writingacoursework.com/
coursework upm coursework resume example coursework plan example quantitative coursework examples
coursework based a levels coursework geography coursework questions https://brainycoursework.com/
coursework based a levels coursework geography coursework questions coursework plural
qmul coursework extension differential equations coursework coursework based
masters https://buycoursework.org/
qmul coursework extension differential equations coursework coursework based masters coursework on a resume
coursework topics coursework structure creative
writing english coursework https://teachingcoursework.com/
coursework topics coursework structure creative writing
english coursework coursework rule usyd
design technology coursework coursework writing service course work hero https://courseworkninja.com/
design technology coursework coursework writing service
course work hero coursework masters meaning