16Aug
Impacts of Business Intelligence in the Construction Industry: 4 Top Advantages

Recently, GCC countries have become industrial hubs, especially with the immense growth in the construction industry. And, the secret behind this growth of construction companies is their limitless access to data, more than ever before. Thanks to business intelligence (BI) technology, construction enterprises can access a huge amount of data on the latest updated information about the GCC construction market, including residential and commercial construction market analysis, with high accuracy. As a result, it helps not just with decision-making but also meeting the growing demands.

Wonder how this simple BI software helps the construction industry? Here, we unfold the secret.

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Here’s How Business Intelligence (BI) Benefits Construction Companies

Business Intelligence software is a detailed process of collecting, monitoring and analysing data related to the construction field, ensuring better project performance and informed decision-making. You can have an in-depth insight into real-time updates on the construction projects across GCC.

With well-implemented BI technology, you can collect raw data from various sources, from specifications to drawings to estimates. After gathering in a centralised location, this data is used for in-depth analysis and real-time monitoring, while tracking the progress of ongoing construction projects. Compared to traditional data management and analysis, like static reports, business intelligence (BI) technology can produce faster-visualised data, including interactive graphs and charts, with accuracy and real-time updates. Overall, this data-driven decision-making boosts the construction productivity of your company. Moreover, you don’t have to make vital decisions based solely on intuition.

Besides these, here are some more benefits you can have by integrating business intelligence (BI) software into your construction market analysis:

Quick Decision-Making

Compared to any other sector, construction companies have to deal with a huge amount of data. Analysing them manually won’t give an accurate insight into vital decision-making, but construction business intelligence software does. A well-integrated BI allows better data analysis and evaluation by providing accurate information in the bigger picture, improving informed decision-making. Moreover, you can make immediate decisions regarding your project areas with its automated and real-time data updates.

No More Reliance on Intuition–

Traditionally, gut instinct or intuitions used to be the most valuable way to make informed decisions in the construction industry. However, it involved risks since the entire decision solely relied on guesswork. With the emergence of business intelligence (BI), this risk has been eliminated from construction projects in terms of business decisions. Data-driven decisions ensure accuracy rather than following just gut instincts.

Tailored Reporting

The best part of having centralised data is that you can use it in the best possible ways for your construction projects’ operational models. And, leveraging BI allows you to customise those abundance of data according to your specific construction reporting needs. With its interactive reporting abilities, you can easily integrate BI reports into your project workflows, while communicating and collaborating through it with your project stakeholders. Hence, there’s no need to visit the site to report any progress or issues.

Maximising Efficiency and Opportunities–

The biggest problem in the construction industry has always been pulling data from multiple sources, which requires both time and money. In fact, that data can even be inaccurate or outdated. With state-of-the-art BI construction technology, you can access all the required data from a single source and rest assured about its accuracy and real-time information. Moreover, its intricate breakdown helps you identify issues and assess performance in all areas, from project progress to completion.

To Conclude

So, are you ready to integrate BI into your construction projects? If yes, it’s time to switch to PROJECT INTELL from your traditional data management methods. It is a real-time construction intelligence platform offering a clear outlook of the latest GCC construction market analysis under a single roof. This construction intelligence data analysis tool gives your sales team leads for business.

Start your trial today or request a demo now!
3Feb
How Construction Intelligence Solutions helping Popular projects in UAE

According to a recent report, industries and individuals spend a little more than 10 trillion dollars per year on construction-related activities. Digital technology and innovations in the field of Artificial intelligence and machine learning are rapidly changing the construction industry. The use of AI has increased in the field of construction engineering and project management in recent years. At present UAE has the number one construction market in the Middle East. In recent years, technologies like machine learning, the Internet of Things (IoT), and AI have improved construction performance and project efficiency in the country. Nowadays, big data management transforming the construction industry around the world and UAE is not any exception.

The construction industry has now become an interconnected ecosystem of hardware and software solutions. Top projects and construction companies are now hiring construction intelligence solutions providers to get comprehensive construction market analysis, reviews, and expert recommendations. If you are interested to know the efficacy of construction intelligence technology in the UAE, consider this blog worth reading.

Implementation Of AI & ML In Construction Projects:

Innovation in the field of AI is rapidly advancing and the ability to mimic human cognitive functions such as reasoning, planning, perceiving, and processing is continuously improving. Critical traits of AI such as problem-solving, critical thinking, pattern recognition are largely used in the construction industry to scrutinize mountains of data. Today, the construction industry uses several applications of AI in the mundane filtering of spam emails and advanced safety monitoring. Artificial intelligence and Machine Learning have become the cornerstone for construction intelligence in UAE to prevent cost overruns.

Based on factors like project size, contract type, and the competence level of project managers AI neural networks can predict cost overruns. Furthermore, it is a useful tool for project risk mitigation. Project contractors nowadays use AI & ML solutions to monitor and identify risks on the job site. AI is also used to manage a large amount of data. Every job site has now become a potential data source for AI.

Implementation Of Big Data Technology In Construction Projects:

Every day construction industry is producing vast amounts of data. These include everything from blueprints, building models, project materials, costs, etc. Construction intelligence companies can help businesses to create huge data repositories that are structured and easily accessible. Based on the ‘big data’ these companies can help construction projects to get the latest insights into the development of the construction-related industry. In every stage of the construction process, big data is used to increase efficiency and improve productivity.

  • Planning And Budgeting: With the advancement in the field of analytics technology, project teams can now be benefited from big data in the earliest stages of the construction process. Big data can help to map out the overall project timeline and provide more accurate cost estimation on materials.
  • Design: Contractors, architects, and project managers can use state-of-the-art data-driven tools to create digital models and predict any potential issues during the design stage before construction starts.
  • Operations & Maintenance: Data is useful even after construction ends. Information collected during construction can provide maintenance crews with construction knowledge, structural know-how, and engineering ideas that can help them in future projects.

Hopefully, this blog has provided you with better insights regarding construction intelligence, AI, ML, and big data. Construction intelligence can make every step of your construction process smoother.

PROJECT INTEL, the leading real-time construction data analysis platform elevates the power of big data and AI to help users get the latest data regarding 4,521,90 updated projects and 536 new projects. Our construction business intelligence can provide you with a comprehensive construction market analysis to help you understand risks, strategy formulation, evaluate growth potential, and generate sales leads. Schedule your free trial to explore the true power of PROJECT INTEL.

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