Over at the Xpera blog, my latest article just went live on the topic of Big Data Analysis for the Construction Industry. Here is an excerpt:
The key—and this is truly one of the biggest challenges our industry faces right now—is how do we extract important and valuable information from the data?
One huge problem that comes from such large collections of data is that no single human being can possibly retain and catalog all of the information. The only way to extract meaningful information from massive data sets (such as what we find on a typical large construction project) is with the assistance of digital tools.
There are three things required to get results when analyzing massive data sets:
1. The Right Tools
2. The Right Process
3. The Right People
I’ve worn a lot of hats, so to speak, over the years in terms of my professional career. But most of my “billable work” over the past couple decades has been spent making sense of ridiculously large data sets related to major construction projects, particularly within the context of high-stakes, bet the company, complex litigation.
It is challenging work, to be sure, but at the same time it can be very rewarding. Clients and stakeholders alike often benefit from a disproportionate amount of value relative to the cost of analysis, empowering them to make better informed decisions in order to resolve contentious disputes.
If you are involved with a major claim or dispute and are struggling to wrap your arms around gigabytes and gigabytes of project data, feel free to contact me so we can get a conflict check started.