By Chris Peppler, Vice President of Platform and Product, Trimble
Like it or not, every construction company is also in the data business, and this is driving expanded adoption of common data environments (CDEs).
Information in every conceivable format – from notes, photos, drawings and models, to reports and point clouds – is increasing exponentially. The ability to organize, access and share it is having an equally expanding impact on performance and profitability.
According to research from Deloitte Access Economics, construction managers and executives average 11.5 hours each week searching for and analyzing data, but more than 60% of it isn’t used to make business decisions. Companies that use data more effectively, identified in this research as “data leaders,” can expect a 50% increase in annual profit growth rate compared with “beginners.”
Increasingly, these leaders leverage a CDE like Trimble Connect to move from siloed data and fragmented workflows to a streamlined flow of reliable information that can be utilized and actioned upon throughout a project’s lifecycle. This starts by collecting the information that’s critical for design, engineering, fabrication, construction and maintenance in a secured, accessible environment.
Accessing all this data in one place provides stakeholders with accurate, real-time information, ensuring that everyone is working off of the same playbook for smoother and more efficient collaboration. Alignment is essential for keeping projects on schedule and within budget because it gives teams the right information exactly when they need it. To-date, Trimble Connect has been used in the design and construction of 24 million projects, making it a strategic advantage in today’s data-driven industry.
