The construction industry is experiencing a wave of change in how project data is gathered and analyzed across the industry, according to a report released by Dodge Data & Analytics in collaboration with construction management software provider Viewpoint. Nearly two-thirds of participants in the report indicated their ability to gather and analyze data has improved or improved significantly.
The report 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.
The findings also reveal some important calls to action for continuous improvement in the 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% still use on-premise servers.
- While 86% of respondents are relying on anti-malware software to address data security, only 45% of those surveyed have implemented employee compliance training.