Construction’s Big Data Problem

22Feb15

Potential benefits for utilizing big data in construction

data-driven design and construction

It is clear from reading McKinsey Global Institute’s (MGI) report, Big data: The next frontier for innovation, competition, and productivity, that big data is now recognized as an important factor of production, alongside labor and capital.

But what about productivity?

Most by now recognize that leaders in every sector will have to grapple with the implications of big data.

What does this mean for design and construction?

mckinsey-report-1MGI studied big data in five domains—healthcare in the United States, the public sector in Europe, retail in the United States, and manufacturing and personal-location data globally. Big data can generate value in each domain.

Some sectors are positioned for greater gains from the use of big data than others.

And, as one might expect, the Construction sector has some work to do if it is to see comparable gains brought about by capturing, analyzing and applying big data.

On MGI’s Big data…

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