Analyst Call – Transforming Construction Project Management in the Age of Big Data

November’s first analyst call discussed how properly harnessed data has the potential to make construction projects safer, simpler, and more efficient through  — while wrongly interpreted project management data can have serious negative implications for organizations. The call was facilitated by BuiltWorlds Research Analyst, Alexis Adams, and featured industry experts Jay Cami, CEO of Construct AI; Chris Fay, Founder & CEO of Treblehook; and Nick Carter, CEO & Founder of Ingenious.Build. 

Today, construction companies are struggling with their data silos along with limited insights due to project data being sourced within different systems, such as ERP solutions, Project Management solutions, CRM tools, and more platforms. This fragmentation makes it difficult for executives to gain a holistic overview of what is going on within their company. It is becoming increasingly important for AEC teams to centralize their distributed data within once space in order to gain valuable insights from the data itself.

“The first thing we need to do is figure out a way to integrate and to connect all of these disparate data sets to further centralize data and bring it to executives. So now we can enable people to start making the right decisions about their business. That’s really the first prong of our hook and one of the things that we seek to do with trouble hook is to connect to the various disparate systems across a businesses, and it in turn helps to bring that project data together.” – Chris Fay, Founder & CEO, Treblehook

Optimizing data governance can transform project management through the adoption of best practices. This can be achieved through visualizing data storage locations, establishing transparent data collections and its uses, and creating comprehensive data management strategies. Implementing these practices will play a pivotal role in ensuring data integrity, while also promoting efficient data utilization throughout the ecosystem.

“We actually had to change how our data is handled on the back end so that each piece of records, like a task or medium minute, is actually geotagged to a location so it’s fenced within a particular region. This means that anything from GDPR compliance becomes much easier for us to solve. This allows users to have the access to get into very finite fixed areas within their data that really differs so much and is unique in each workspace, which allows each part of that data to have its own encryption bucket and key.” – Nick Carter, CEO & Founder, Ingenious.Build