Construction Magazine April 2020 | Page 47

the last five years , most of the results are similar to the ones shown below :
• 57 % of construction companies want consistent , up-to-date financial and project information
• 48 % of construction companies want to be warned when specific situations occur
• 41 % of construction companies want forecasting , allowing them to better prepare for best and worst-case building events
• 14 % of construction companies want online analytics to see , for instance , precisely which factors are affecting profitability and by how much
A recent survey discovered that almost half of businesses ( 48 %) still have limited or no project insight . Thus , business leaders need to ask themselves whether their business has moved on in the past five years in terms of the level of insight that ’ s being generated and the efficiencies that are being created .
If your business hasn ’ t moved on in that timeframe , there ’ s a huge chance that your competitors have . For those sceptical business leaders , it ’ s time to look at data again and ask themselves if their business is always working in the most efficient and effective way .
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