Research – HG Insights examine new research that reveals a sea change in the way project data is gathered and analyzed across the construction industry.
Contractors report the increasing ability to gather and analyze data is poised to improve key project outcomes according to construction managers, specialty trade contractors and design/build firms surveyed. Tied to increased technology use and advancements, 64 percent of those who participated in the report said that their ability to gather and analyze data has improved or improved significantly.
Data collection delivers impactful change
The report, How Improved Collection and Analysis is Leading to the Digital Transformation of the Construction Industry, by construction management software provider Viewpoint, reveals that contractors believe improvements in field data collection will bring impactful change over the next three years, driving the industry’s digital transformation. If critical business data normalization can be accomplished, the results can increase key project outcomes such as budget, productivity and profitability.
Findings reveal important calls to action for continuous improvement in construction industry
- Contractors using commercial software to gather jobsite data report significantly higher satisfaction rates than those using paper forms or spreadsheets.
- Many contractors still have concerns about storing their data in the cloud, and in particular around how secure their cloud-stored data will be. Both general contractors and specialty trades list security concerns as the top reason for not managing data in the cloud, and among those surveyed, 65 percent still use on-premise servers.
- While 86 percent of respondents are relying on anti-malware software to address data security, only 45 percent of those surveyed have implemented employee compliance training.
Better measurement of project performance
“Gathering siloed data from across their organization to analyze and improve project outcomes is a key challenge we work with clients to overcome daily,” said Viewpoint Chief Product & Strategy Officer Matt Harris. “Contractors are demanding easier, better and more consistent collection of data—from the office, across their extended teams and into the field—in order to enable better measurement of project performance and drive toward greater gains.”
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A total of 187 responses from an online survey of contractors are included in the analysis, including 140 prime contractors (general contractors, construction managers, construction design/contracting firms, design-builders and others) and 47 specialty trade contractors.