Improving Performance with Project Data - The Dodge SmartMarket Report
Learn how Enhanced Data Collection and Analysis is Leading the Digital Transformation of the Construction Industry
The new report by Dodge Data & Analytics, in collaboration with Viewpoint, reveals an evolution in the way project data is gathered and analyzed across the construction industry—change that is poised to improve key project outcomes according to construction managers, specialty trade contractors and design/build firms surveyed.
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We think this is a critical area to watch in the future. The smarter jobsite will transform the industry, but companies need their data gathering and analytics fundamentals in place before they can fully profit from all of the exciting technology that is now emerging, funded by an influx of venture capital, and directly addressing industry needs to reduce risk, improve productivity and improve safety.
- Steve Jones, Senior Director of Industry Insights Research at Dodge Data & Analytics
The Importance of this Report
Contractors believe improvements in field data collection will bring impactful change over the next three years-driving the industry’s digital transformation. 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 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. Security concerns are listed as the top reason for not managing data in the cloud.
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.
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