With every brick, girder and slab your workers put into place, your firm is unwittingly generating data. Forward-thinking construction firms have realized that harnessing that data can yield an incredibly powerful tool for increasing productivity, raising profits, improving the accuracy of your bids, spotting trouble before it occurs and more. But gathering and using data to improve your business won’t happen on its own. You need to develop a good data strategy, one that ensures that the information is both available and usable. For the uninitiated, this process can seem overwhelming--“Where do I start?”--but in fact, it doesn’t have to be. By laying the groundwork properly, putting some key pieces in place and following a few simple steps you’ll be able to reap the benefits in a very measurable way.

Construction Junkie: 5 Steps to Developing a Good Data Strategy

June 17, 2020

The following is a  post written by Reggie Arichabala of Riskcast Solutions for Construction Junkie. Read the full story here.

With every brick, girder and slab your workers put into place, your firm is unwittingly generating data. Forward-thinking construction firms have realized that harnessing that data can yield an incredibly powerful tool for increasing productivity, raising profits, improving the accuracy of your bids, spotting trouble before it occurs and more.

But gathering and using data to improve your business won’t happen on its own. You need to develop a good data strategy, one that ensures that the information is both available and usable. For the uninitiated, this process can seem overwhelming--“Where do I start?”--but in fact,  it doesn’t have to be. By laying the groundwork properly, putting some key pieces in place and following a few simple steps you’ll be able to reap the benefits in a very measurable way.