Getting started with data analytics
Highlights the 3 part approach that engineering and construction companies can take to develop a data analytics program.
Engineering and construction companies can gain quick insights and drive performance with data analytics dashboards and predictive analytics.
So ENC companies are finding a lot of value through data analytics. The first is some of the immediate value. By setting up these programs, they're actually setting up dashboards that identify trends around project performance in key areas such as quality, schedule, safety. This is something that's providing value to the business units right away.
The other area is really trying to get into predictive analytics. One of our construction clients is setting up predictive analytics around safety, to be able to predict project safety incidences three days ahead of time with an 89% accuracy. And that just really kind of identifies the potential for the future in terms of some of these areas and what they could do.