Data is the new oil. It’s valuable, but if unrefined, it cannot really be used. It has to be changed into gas, plastic, chemicals, etc. to create a valuable entity that drives profitable activity; so must data be broken down, analyzed for it to have value.
Players throughout the construction supply chain are recognizing the value data plays in the use of empirical evidence to support decision-making, and they are demanding solutions.
The focus is on understanding and predicting the future of your company: spotting risks before they arise, early warning indicators, recognizing potential growth areas, etc.
It can be said that business intelligence focuses on the past to get a clearer view of the present, while analytics focuses on the present to paint a clearer picture of the future.
We discussed the issue with 16 leading industrial construction companies in a recent workshop, and the results were clear. Here are the top questions that need answers. Why? Insights in these areas will minimize the negative impact materials can have to the project schedule.
- Are there enough materials for my project?
- What materials have demand that cannot be fulfilled?
- What materials are affected by stagnant field mobility transactions?
- Where is my material in the process?
- Will materials be delivered to construction prior to construction start?
Atlas has worked to recognize and solve this need and answer these questions with the launch of our Jovix Insights platform. Read more about Jovix Insights here.