Does your company embrace technology to improve efficiency, safety, cost, and construction quality? If the answer is yes, then here are some innovations to keep an eye on this year.
Improving risk management with Predictive Analytics
The ability to manage risk often creates the difference between a successful construction firm and one that is struggling.
In 2017, Project IQ did a series of beta tests with industry-leading companies to examine how much they could help firms manage risk by making use of predictive analytics. Data from subcontractors, design plans, materials suppliers, and the build site are analysed to examine risk factors. Project IQ makes use of previous data and how contractors interact with the information before them to provide more precise and valuable risk assessments.