Data Collection and Benchmarking

DATA is one of the most valuable tools a company can have.

  • It provides understanding of a specific case, by looking at previous cases.
  • It gives security on decision making, looking at how similar cases turned out.
  • It accelerates process and tasks, allowing the reuse of information rather than generating it over and over again.

Then, why are companies, specially in the construction industry, not collecting and storing all their data in a usable way?

It requires great effort, to assimilate data collection as a regular practice, to comprehend the value of that data, and to consider it not as a waste of time but the most valuable investment a company can make. Once this is decided upon and a strong standard is established to allow this process to be an automatic task, a company has a TREASURE!