E&C companies find insights and value in data

One of our construction clients is setting up predictive analytics around safety.

Clay Gilge

Clay Gilge

Principal, Major Projects & Contract Advisory, KPMG US

+1 206-913-4670



 

Engineering and construction companies can gain quick insights and drive performance with data analytics dashboards and predictive analytics. 

Video transcript

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.

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