McKinsey says that while sectors such as manufacturing, retail, and agriculture in the United States have increased productivity 1,500% since 1945, construction is still where it was 80 years ago. The trend led the global consulting firm to conclude that construction has an “intractable productivity problem” while identifying the sector as the second-least digitized industry in the United States.
A data-centric culture further enables your company to make and justify decisions in a quantitative way, explains Michael Matosin, our senior analyst and Data Science specialist, in this piece for Construction Executive.
What is the most common misstep with data integration? Companies tend to be impatient and don't understand that this process takes time. Quick wins aren't real, but the ones who continue step by step will generate tangible benefits and recover thousands of worker-productivity hours.
A new article by Director Michael Goggin was recently featured on Buildings magazine. In the article, he urges real estate players to consider data collection and processing that could enable artificial intelligence applications in the near future.
Evolving trends in data acquisition, data communication and storage, data science and artificial intelligence leave little doubt that smarter buildings are the future of the built environment.
