Big Data since its emergence in the construction industry has brought significant changes from safety to productivity. Areas of the construction industry where Big Data can be useful include resource tracking and management, improving the decision-making processes, budgeting and costing, and reducing project risks. The construction industry is known for waste, poor productivity and rework. Yet the industry has been slow to embrace new technology.
Big data has given a positive impact to the construction industry and reduced the cost of waste and remedial work, thus boosting the profit margins of construction companies. Many companies are trying to change their business model to adopt big data technology.
