4 Ways Data Transparency Boosts The Bottom Line

4 Ways Data Transparency Boosts The Bottom Line

Factual data from a construction site benefits everyone. Developers save time and money, General Contractors increase operational efficiencies, and Trade Partners get more insight into their workforce. However, for all these benefits to happen, the data must be transparent.

In The Principle of Transparency Applied in Construction, transparency is defined as the ability of your production process to communicate with people. Theoretically speaking, it’s the separation of the information supporting your production and the actual production itself.

When you realize the potential of all the information direct from a construction site, it’s clear to see that transparency represents the gold mine for increasing project productivity. Having the right data available at the right time, to all the right people, creates clarity and the ability to form work flows from otherwise chaotic and complex activity.

To get the most value from collected field data the information should be clearly presented. Complex data should be factual and explicitly tied to project metrics. This enables all teams to collaborate on the information and take meaningful action when necessary. In addition, any data should be quickly searchable and easily shared.

Any system you use to capture, analyze and report data should have a meaningful ROI. The software and data should provide value to all aspects of your project process. Here are few key ways Developers and General Contractors have been maximizing ROI on their projects with data transparency:

  1. Preventing Delays: When all teams are accessing real-time data from your site, it means everyone can come to the table sooner to predict potential issues. The team can resolve problems together before they cause delays with predictive analytics. We can all agree on the positive financial impact shaving time off your schedule could have on the project!
  2. Reducing Claims & Disputes: Claims can add up fast. However, when everyone from the owner to each trade partner is sharing the facts, it becomes something to collaborate on instead of dispute over. Automated data collection and reporting not only saves time onsite, but verifies everyone’s contribution.
  3. Increasing Efficiencies: There are multiple ways workforce data should be increasing efficiencies in your workflow starting with automation. Make sure you’re saving time with data collection. You should not have to manually log data. Your onsite management team saves time and resources with automated time sheet data, automated daily and weekly reports, and easily accessible information on every member of the workforce. And the efficiencies shouldn’t end when the project is over! Make sure you can easily tap into your archived data during the closeout process.
  4. Proactive Scheduling: It’s great to have a grip on the schedule and a north star to follow, but is your actual daily productivity falling in line? Measuring the real time activity from the site against the activity forecast allows the team to make proactive decisions about the schedule to stay on track and enhance lean construction.

Those who have adopted Eyrus, or other technologies in the last few years know first-hand the benefits of transparent information from their projects. We encourage you to explore all your options, learn how they work, and discover how you can start increasing collaboration and efficiencies, and saving time & money for your team, today!

Post by Eyrus

Comments are closed.