by Brianna Crandall — September 11, 2019 — A recent report released by Dodge Data & Analytics, conducted online among contractors in collaboration with construction management software provider Viewpoint, a Trimble company, reveals a sea change 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.
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.
The report, titled Improving Performance with Project Data SmartMarket Report: How Improved Collection and Analysis is Leading to the Digital Transformation of the Construction Industry, 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, concludes the report.
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 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.
Viewpoint Chief Product and Strategy Officer Matt Harris stated:
Gathering siloed data from across their organization to analyze and improve project outcomes is a key challenge we work with clients to overcome daily. 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.
Steve Jones, senior director of Industry Insights Research at Dodge Data and Analytics, remarked:
The report also points to current and emerging means of gathering data via apps, cameras, sensors and wearables. 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.
A complimentary version of the full SmartMarket Report is available on the Viewpoint website.
Viewpoint software enables customers to integrate operations across the office, team and field to improve project profitability, enhance productivity, manage risk and effectively collaborate across the broad construction ecosystem. With nearly 8,000 clients, including more than 40 percent of the ENR 400, the Trimble company says its innovations are transforming the construction industry by fully integrating operations across financial and human resources (HR) systems, project management tools and mobile field solutions.