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Owning Your
Own Data
There are so many moving parts and teams involved in the
planning and execution of construction projects. With that
comes enormous amounts of data that need to be captured
and shared between internal and external teams. Too often,
organizations and their tools do not have defined best practices
for collecting this data or a clear understanding of who owns it
after the project is complete.
According to a Dodge Data Report, 45% of owners will
sometimes agree to use the contractor's Program Management
Information Software (PMIS) when requested. But in doing so,
they give up ownership of their data.
The Most Valuable Resource
for Any Construction Project
Over one-third (34%) of users are at risk of losing some
of their data if they were to end their current contract
with technology providers. And a few say they could lose
everything.
Data is critical during any program for decision making,
accountability and planning. But it does not end there. The
data from any program is imperative when maintaining
the structure moving forward and the planning of new
programs, but also for audits and unforeseen lawsuits. It
happens.
"Every company has big data in its future and every
company will eventually be in the data business."
Thomas Davenport
Senior Advisor to Deloitte Analytics