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Raising the Bar
for Data Quality
A massive portion of construction data is not effectively
utilized. Up to 96 percent of all data captured goes unused in
the construction industry, according to FMI Corp. This suggests
there is a large amount of untapped potential in construction
data that could improve project outcomes and efficiencies.
By better utilizing data, construction professionals can make
more informed decisions, identify areas for improvement and
optimize project performance.
But because data is used in project planning and decision
making, it is not enough just to have numbers. Organizations
need high quality data. But many sources show that
organizations cannot rely on their data.
of organizations say they collect good data but
lack analytical skills
14%
of organizations cite deficiencies in timeliness,
accuracy, consistency and/or completeness of
their project data
45%
of global executives do not trust the way their
organizations use data and analytics
65%
of managers and executives reported they were
not comfortable accessing or using data from their
analytics tools
67%
of companies do not see tangible and measurable
value from their data
68%
