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Why Owners Need to Understand the Core Principles & Value of Data

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The construction industry generates an enormous amount of data. But for data to drive business intelligence, it must be specified, captured, and interpreted accurately. This is why a successful handover strategy is a vital part of a project as it contains information about the critical assets, materials, and equipment for facilities maintenance and operations.

With 70% of owners realizing the value of building information modeling (BIM) post-construction during operations, it’s essential to establish standards at the onset of a project to organize and structure data to achieve actionable insight that drives decision-making. For owners, this means understanding the core principles of data and measuring against those expectations to influence your business.