How Big Data is Revolutionizing the Construction Industry.

Big Data

Big Data has no doubt spread its root to the construction industry and is leveraging the workflow.

The construction industry is now no more remains unexplored by advanced technologies.

The advancement of the latest technologies like artificial intelligence, machine learning, virtual reality, augmented reality, robotics, and others has now become a trend in construction technology. 

These emerging trends have not attracted an audience but also streamlined the work of construction companies.

Every day the construction industry produces a vast number of data. As the construction industry grows, It generates huge data repositories filled with blueprints, building models, and estimated costs.

But unfortunately, it becomes difficult to access these unstructured repositories due to the unavailability of the right tools.

Here Big data came into effect.

What is Big Data?

Big data is any large or complex set of information that requires advanced analytics systems to process and manage. This information can come from multiple structured or unstructured sources, like cameras, sensors, mobile devices, and log files. 

Whether you’re talking about millions of items in storage or billions of bytes per second transferred between your network equipment, the term ‘big data’ refers to something with a large amount of data that requires additional infrastructure for processing.

At present, it is one of the most valuable commodities in the world.

As per the report by Statista, the global big data market expects to grow to $103 billion BY 2027. 

Along with construction tech, other industries have started working on this trend to stay ahead of the competition.

Construction has experienced an uptick in innovation due to the influx of big data technologies, despite its reluctance to adopt new methods and technologies.

Know about its significance in construction projects.

The significance of Big Data in the Construction Industry:

 Apart from changing the way of living, The covid19 pandemic also transposed business techniques.

Looking at the restrictions held due to the pandemic made industries adopt new technologies. With the adoption, the construction industry has witnessed tremendous growth in its business model. It has not only improved productivity but even increased profit margins.

A report states; businesses that have implemented big data analytics have observed an increase of 8 per cent in their revenue.

The construction industry is one of those industries that collects extensive data that gets stored in their repositories. 

Unfortunately, these storages are not organized properly and are difficult to access due to a lack of appropriate tools. 

Big data enable construction companies to deal with these challenges. 

It helps businesses to collect, analyze, and use massive volumes of data to solve business problems and provide crucial information about future operations. 

The industry is looking forward to implementing more advanced big data technology To stay competitive.

What are the uses of big data in construction?

Big data has been used in several industries over the last decade, including construction. It is everything that can’t be seen or measured — it’s the invisible element of many processes that make up our society.

Its analytics tools take these invisible pieces of information and transform them into something we can see, hear, feel and touch.

#1: Planning and Estimation:-

Can you imagine?

Now big data can help construction companies at the pre-stage of the project.

Teams can take advantage of analytics tools like CoConstruct, Procore, Fieldwire, GCPay, and others to compile data from past and present construction projects that can help them to figure out the overall project timeline along with factors responsible for a project delay.

Moreover, these tools allow them to estimate the cost involved in materials, machinery, and labour. Accordingly, they can control it in future stages.

#2: Design:-

Big data plays a crucial role in the initial stages of the construction process. Data can be gathered and analyzed to facilitate the design process.

By utilizing data-driven techniques like building information modelling (BIM) and artificial intelligence (AI), companies can generate digital models during the design phase and anticipate potential problems before construction begins.

It analyses and allows new projects to be guided toward profitability while avoiding pitfalls by identifying trends and probabilities of risk.

#3: Construction:-

Looking at its seamless workflow, construction companies have now started adopting project management software. The management tool helps collect, manage and analyze data from the job site.

It allows crew members to communicate and collaborate as incoming data is processed and alerted of schedule changes and complications as soon as they arise.

Management software like Fieldwire, Procore, PlanSwift, and Bluebeam allows team members to input data throughout the building process and track any changes or safety concerns.

#4: Maintenance:-

Big data is not only functional during the project but even helps after the completion of construction. The information collected during construction provides the site owner and project managers with structural details that help them in the future renovation of the project.

Advantages of Big Data in Construction:

Big Data analytics has the potential to revolutionize the construction industry. It has the power to provide game-changing advantages, as well as new ways of looking at your job sites and project budgets. 

Here are some of the key benefits you can expect from using big data analytics in your construction firm today:

#1: Increases Work Efficiency:-

Several times, the maximum percentage of construction costs includes material waste and restoration works. 

Big data technology helps to reduce construction time and material costs by providing logical and understandable data. Additionally, it helps to detect structural errors.

As a result, project managers can make decisions more quickly and accurately by minimizing the likelihood of human error.

#2: Maintain Proper End-to-end Conversation:-

You all know how end-to-end communication among the team members is crucial to complete a job, especially in construction projects where you deal with many members, including stakeholders. Construction professionals face a lot of challenges due to a lack of communication. 

Thanks to big data for making things simple. These platforms make information accessible and easily shareable between team members.

On top of that, issues like miscommunication and conflicts between shareholders get downsized. It enables members involved in the project to get updates about any last-minute change or disruption.

#3: Risk Management:-

Compared to other industries, the workers in construction get more injured. It’s because either the workers involved in the project get careless or sometimes the project manager or supervisor takes safety lightly.

Looking at this safety management software is gaining popularity in the construction industry day by day. These devices give health and activity information, safety hazards are detected, and breaches of safety protocol are alerted to construction crews.

The information not only protects workers but also prepares project managers for potential safety hazards on future projects.

#4: Eliminate Waste:-

The construction industry creates more waste. 

 By integrating big data into construction, It gets solved. It allows the site owner to have sustainable construction practices and eco-friendly building materials. 

Integrating construction data from past projects into BIM technology makes it possible to predict the materials and energy required for future projects more accurately.

As a result, construction waste gets reduced, and planners find energy-efficient alternatives.

How can Gloify help you?

As a software development company, we are experts in every aspect of development. We have an excellent team for intelligent automation services like big data, machine learning, artificial intelligence, the Internet of Things, and others.

If you are new to the construction industry and want to implement big data technology to transform your business, we can assist in the best way.

Along with the development, we will assist you with the software development technology for your business. 

We have successful clients belonging to the construction industry on our board who have completed their funding rounds. 

know how Machine Learning is used as a Game Changer in Agritech Industry.

Wrapping Up:

In the coming future, big data will be crucial to the success of construction firms. As the way we collect and analyze data changes, business intelligence software and related applications will increase in scope until they are essential to all aspects of construction.

Construction firms that do not utilize these tools may find themselves lagging behind those who can take full advantage of them.

At the building level, drones are providing a unique means of capturing high-resolution architectural imagery from an aerial perspective. The value of this imagery lies in how it can be utilized in the production of 3-D models.

Additionally, the increase in mobile technologies like smartphones, tablets, and laptops is spurring the use of mobile apps that virtually allow contractors to manage tasks on building sites and estimate costs as they happen.

And site operators are using big data and predictive analytics to anticipate and mitigate risks based on historical data.

Although big data cannot solve all issues, it is certainly a tool to be used every day to improve efficiency and operations.