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Join us as Jeff Sample from Join discusses the importance of making your data work for you, asking the right questions, and leveraging big data to make better decisions earlier in the preconstruction process.

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Big data is a buzzword in every industry but what does it mean in preconstruction and the construction industry?

Timestamps
0:27 What is the Contech Crew?
4:02 What big data in preconstruction means
6:13 How to look at big data
8:11 How to control your data
9:50 Why big data is important in preconstruction
10:26 Building a growth stack
14:16 Using data to make better project decisions
16:26 Good questions to ask about your data
20:20 How to begin leveraging your data
22:36 Using DESTINI Estimator construction estimating software to leverage your data
25:29 Preconstruction can change the industry
27:26 Merging construction and technology

The simple definition of big data is any large set of data that requires a management system to collect, store, and recall. In construction, big data is all the information you have collected by and through all your technology channels. One of the biggest misconceptions about gathering big data is relying on the information alone to provide the answers.

How do you leverage your data in preconstruction?

Jeff says you must ask the right questions to be able to aggregate it to benefit your company. Much of preconstruction is based on conceptual estimating. When you leverage your big data, you can compare your actuals to your conceptual estimates and validate or invalidate them.

What benefits can you get from analyzing your data?
You can grow your business and become more profitable.

Gathering information from the field, designers, and owners allows you to identify early predictive indicators of risk and stop mistakes before they occur.

What questions should I be asking when I analyze data?
Jeff provides two great questions preconstruction teams can ask to proactively leverage their data:
1. Are these subs the ones we are most successful with?
2. What are the key indicators or commonalities between projects that go badly, and the ones that go well?

What do you need to do to start leveraging your data?
Jeff says:
• First your company needs a cultural shift to recognize that adopting innovative technologies like preconstruction software and construction estimating software will help you collect and house your data.
• Be curious and ask the right questions.
• Ask yourself, “Is there a better way?

To read more about big data, click here: 4 Reasons Why Bad Data is Bad for Business - Construction Estimating Software | Beck Technology (beck-technology.com)

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#preconstruction #preconstructionservices #constructionestimating