Harnessing the Data Advantage in Construction
A new report from Autodesk and FMI, Harnessing the Data Advantage in Construction, reveals the need for proper data management in construction, and the surprising cost of inaction. Join us for the webinar, where we will identify current roadblocks and practical, actionable steps to implementing a data strategy that can make your projects significantly more profitable.
Did you know that the use of “bad data” may have cost the global construction industry $1.8 trillion in 2020? A new study by Autodesk and FMI surveyed over 3,900 industry leaders about
their data practices. The research discovered that implementation of formal data strategies is linked to positive project outcomes, cost savings, and clear competitive advantages. Join our webinar on October 28 for a walk-through of key learnings, including:
- How the collection of data affects your projects and your profits: bad data causes 14% of all rework in construction globally. For contractors performing $1 billion in annual revenue, bad data could be costing $165 million, including $1.7 million in rework.
- How to identify current roadblocks: only 55% of survey respondents stated their organization has implemented a formal data strategy.
- Guidance on practical, actionable steps to begin implementing a data strategy: what you can do to address the issue of bad project data and what elements to include in your data plan.
Don’t miss this chance to learn about the importance of a data strategy and where making small improvements can set up your projects to be more profitable.