How analytics is helping build up the construction industry

In 2016 research conducted on the construction industry, McKinsey & Company concluded that Large projects across asset classes typically take 20% longer to finish than scheduled and are up to 80% over budget. This is an enormous cost burden for construction companies and an unhappy outcome for customers. It's also why there are very serious efforts underway to use data from different sources to make large-scale construction projects easier to manage. The construction industry uses many different subcontractors and systems and is plagued by too many silos of data that can't speak to one another, said Scott Unger, CEO of Kahua, a construction analytics company. Construction companies understand the dilemma. This is one reason why they're trying to analyze the data they get from projects in new ways.

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Construction

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Construction

VOLLERS, Inc. Enhances its Portfolio with the Strategic Acquisition of LAYOUT, Inc.

PR Newswire | January 02, 2024

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Engineering Tech, Construction

Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

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