Business Intelligence in the Construction Industry
Traditionally, the construction industry progresses about 5-10 years behind the technological innovations of other industries. That said, construction and engineering firms are beginning to rapidly adapt technology focused on one topic ? business intelligence. Construction executives are embracing dashboard style reporting on sales activity, project progress, project cost control, industry information and more. Construction project teams are adapting systems to manage projects more effectively, control documents and collaborate effectively with clients, engineers and vendors. This is all construction business intelligence.
Business Intelligence for Construction Executives
One of the most difficult things for a construction company is the flow of information. It is very difficult for owners and construction executives to know what is going on across every project. Even though most companies try to hire competent staff to manage the work and report it upstream, there is often a delay in the flow of information that causes mistakes and often rework. Additionally contractor cash management is important, and not understanding potential delays in a project could impact the construction firms cash flow significantly. For these reasons, the need for real-time data for construction executives is magnified.
Business Intelligence on the Cloud
All ?the cloud? really means is that the web application that has been developed is hosted remotely and made accessible from anywhere. Contractors using cloud-based web applications for business intelligence improve their ability to receive information from the field in real-time. Dashboard style reporting systems allow executives to make critical decisions based on information as it happens. Often these systems involve drill down mechanisms that allow construction executives to target individual files and data from anywhere.
Why Business Intelligence for Contractors?
- Business intelligence provides a secure, streamlined way to make project information real-time
- Business intelligence web applications reduce human error through using structured file systems, templates and tools.
- Web applications can be accessed from any device, with users only seeing the information that is pertinent to them (based on role, responsibilities, project, etc.)
- Web-based applications dramatically reduce hardware and software costs for the organization.
- Business intelligence web applications can be customized to fit the contractors desired information, project work-flow, organizational systems and overall data management needs.
According to a recent Harvard study, construction companies realize a 28% productivity improvement within 90 days of using web applications vs traditional means of data aggregation and project communication. Business intelligence web applications are being built, customized and integrated to address specific needs of construction companies at a rapid pace, defying the age old addage suggesting?construction?companies are ?behind the times?.
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Sean Taylor is the founder and a principal of?Jaroop, a web application development company that develops business intelligence, social interaction and client services?for?businesses. Jaroop is also the creator of the cloud based sales proposal application?ClientSky, an online platform for professional service firms to generate, send and track sales proposals online. Sean can be reached at 860-357-2060 ext 300 or sean@jaroop.com.
Source: http://www.jaroop.com/business-intelligence-construction-industry/
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