Predictive Analytics Strategic Council Emphasizes Benefits in Construction

    Integration of data for the purpose of predictive analytics into the processes and activities in the industry of construction is definitely not an easy task. However, the Predictive Analytics Strategic Council, which represents a coalition of major contractors and technology firms, released their first whitepaper containing outlines of how predictive analytics can be introduced to the industry of construction. The coalition made a proposal on how predictive analytics can be built based on data, which could then be integrated into construction workflow and processes.

    PASC Proposes Integration of Predictive Analytics in Construction

    The industry of construction could draw many benefits from predictive analytics with the use of data. Specifically, this integration could be enabled by collecting massive volumes of project data that would serve as the key metrics for determining and   compiling predictive analysis. Predictive algorithms are programmed to find connection between different pieces of data, that way tracing similarities and drawing conclusions based on the project history across different construction companies. Construction could use predictive analysis to prevent accidents on job sites and increase efficiency for example.

    Construction Could Improve Safety with Predictive Analytics

     By using large volumes of project data, predictive algorithms could use safety information and accident reports to compile analytics for other contractors and companies. This way, accidents could be prevented on construction sites. The industry of construction has the highest rate of accidents on jobsites when compared to other industries and sectors, while safety poses a major challenge.

    Predictive Technology Not 100% Certain

      Even though PASC proposes predictive analytics in their whitepaper, the authors of the paper claim that predictive technology can’t be taken as 100% certain. Predictive analytics relies on volumes of data and previous “experiences” on construction sites, analyzing factors that might have led to an accident on the job site.  

    Ikbal Erdogan
    Ikbal Erdoganhttps://briqup.com/
    Ikbal Erdogan – Chief Construction Officer / Ikbal Erdogan is an engineer in the Construction Industry with over 5 years of experience concentrating on Project Management methodologies. He has worked for construction & investment companies providing engineering and technology expertise during the execution of various expansion projects. He has been primary technical contact in large-scale construction projects for schedule preparation, preliminary planning, process development, resource forecasting and collaboration with procurement for engineering and other technical activities. You can reach him at [email protected].

    Related Articles

    Housing Market Predictions 2024

    As we look toward 2024, the housing market remains a topic...

    Comments

    Same Category

    Housing Market Predictions 2024

    As we look toward 2024, the housing market remains...

    Mortgage Refinance Rates Today: Should I Refinance My Home?

    When to Consider Mortgage Refinancing: Should You Refinance Your...

    Best Places to Live in the US for Millennials

    Top 15 Cities in the US for Millennials Millennials wish...
    spot_img

    Stay in touch!

    Follow our Instagram