Strength in Numbers: How Data-Driven Thinking is Revolutionising Construction
Data is the primary resource fueling industry and innovation in the 21st century.
However, there is still a major lag between industries that successfully leverage their data to generate knowledge and those who do not and miss out on invaluable insights.
For the engineering, procurement, and construction sector, many firms are struggling to keep up.
On some level this is understandable.
It’s an industry where much of the work is done on the ground, by workers in hardhats, not in front of computers.
And yet, this sector is one that can benefit the most from using data analysis to power decision making.
With projects that involve multi-million dollar budgets, rigorous deadlines, and large-scale coordination between teams and departments, analytics has the potential to supercharge how construction firms think and operate.
Supercharging organisational thinking
Eliminating the cost of waste or downtime, identifying new revenue opportunities, and reducing organisational risk are just some of the core areas where firms can benefit from data analysis.
And every firm is collecting data (whether they realise it or not).
Whether it’s from finance, human resources, sales, or marketing, every department collects and stores information on some level.
But for organisations to successfully leverage this information, they need to connect, analyze, and take action based on the meaning behind the metrics.
Doing this successfully requires an understanding of which metrics matter most, and how the results from one department can be used to explain the output of another.
How we are leveraging data at Chest Constructions
We attribute much of our success to the same ideals we’ve championed at Chest Construction since the beginning - honesty, transparency, and a commitment to deliver results at the highest industry standard.
Over our 20 years of experience, we have seen first-hand how data is revolutionising the building and construction industry. We are continuously refining how we operate, using key insights from current and past projects to supercharge our capabilities.
It’s this constant drive to improve that allows us to deliver fixed-price, fixed-deadline projects, every time.
As the #1 provider for commercial fitouts in Perth and build projects, we are constantly looking to take on new and exciting projects. Get in touch today to see what we can bring to the table.