Construction Magazine May 2018 | Page 68

PREDICTIVE ANALYTICS

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PREDICTIVE ANALYTICS

Often , the difference between a successful company and a struggling one , lies in the ability to manage risk . The introduction of predictive analysis is about to make risk management much easier . The software analyses data from subcontractors , materials suppliers , design plans , and the site itself to examine risk factors and flag any potential dangers to avoid issues further down the line .

‘ The software analyses data from subcontractors , materials suppliers , design plans , and the site itself to examine risk factors and flag any potential dangers to avoid issues further down the line ’

68 May 2018