177. Why Data is the Future of Construction Management

In this episode, join Host Mike Merrill as he talks with Pronovos President Bruce Orr about how leveraging precise project data, such as WIP reports and KPIs, can dramatically enhance profitability and operational efficiency in the construction industry.

During the conversation, Bruce emphasizes the need for a cultural shift toward data-driven decision-making, highlighting how up to date information can guide construction owners to make more accurate decisions faster — therefore driving a transformation at the company.

Key Takeaways
• Accurate metrics are essential because they ensure that projects stay on track, minimizing risks and maximizing profitability.
• Identifying critical KPIs like projected final costs is crucial for contractors to monitor project metrics effectively.
• Training is essential in helping construction teams adopt and effectively use new technologies.
• AI is revolutionizing data processing in the construction industry by making project management more predictive and efficient.
• Advocating for greater transparency among contractors and subcontractors is key to improving collaboration and efficiency. By fostering open communication and data sharing, the industry can overcome traditional barriers.