Groundbreak 2023 is just around the corner. Assetsoft will be present at the event as a Procore success partner for businesses in the construction industry.
The annual event will cover a wide range of topics and insights on Procore. One vital session will be Using Data and Analytics to Deliver Better Project Outcomes on Day 2.
The talk will focus on Procore's reporting and analytics capabilities and how stakeholders use them to the fullest.
In this blog, we will provide our insights on the matter. We will discuss the importance of data in construction and how to make the most of Procore analytics.
So, let's dive into the details without any further delay.
The Power of Data in Construction
The Power of Data in Construction
It is crucial to understand why data is so vital to the construction industry before we explore Procore analytics.
Traditionally, construction depended on experience and intuition to facilitate decision-making. However, the approach is full of risks, as unexpected costs and challenges are likely.
Data-driven decision-making allows construction professionals to base their choices on concrete information. They can identify trends and spot potential issues early by collecting and analyzing data throughout the project lifecycle.
As a result, teams can make more informed and accurate decisions for business success. The proactive approach also reduces the likelihood of costly mistakes and delays significantly.
A Look at Procore Data and Analytics
A Look at Procore Data and Analytics
Procore is one of the leading construction management platforms in the world. It comes with advanced data and analytics tools for the construction industry.
The powerful suite of features helps construction teams leverage data to their advantage.
How to use Procore to your benefit?
Real-Time Project Insights
One of the essential benefits of Procore is access to real-time project insights. Project managers and stakeholders can monitor progress, costs, and additional metrics in real-time.
The high level of transparency allows for quick responses to issues as they arise. It ensures projects always stay on track and within budget.
Performance Benchmarking
Procore lets construction teams benchmark their project performance against industry standards and historical data. The comparative analysis helps teams identify areas of strengths and weaknesses.
They can also learn from past projects and industry best practices. Additionally, construction agencies can continuously refine their processes to deliver optimum results.
Predictive Analytics
Procore comes with predictive analytics features. They are valuable tools to predict and forecast project outcomes.
Teams can analyze current project parameters with historical data to anticipate potential challenges. They can use the data to develop proactive strategies to mitigate risks.
The forward-thinking approach saves time and money in the long run.
Procore Reporting and Analytics in Practice
Procore Reporting and Analytics in Practice
Let us consider a hypothetical case study to illustrate Procore's reporting and analytics capabilities.
The Dragon Construction Company is a mid-sized firm specializing in commercial construction. They decided to implement Procore's data and analytics platform on their latest multi-story office building project.
Real-Time Insights
Dragon Construction uses Procore to monitor the project's real-time progress, costs, and resource allocation. The heightened visibility allowed the team to identify a potential delay in the delivery of structural materials due to supply chain disruptions.
The company was able to avoid costly delays and stay on schedule by addressing the issue instantly.
Performance Benchmarking
Procore enabled Dragon Construction to benchmark its project against similar office building ventures. The analysis revealed their construction was efficient in some areas but lagged in plumbing installation.
The company used the insight to incorporate best practices from top-performing projects. It allowed them to improve plumbing and even save costs.
Predictive Analytics
Procore's predictive analytics alerted the construction team about potential subcontractor availability issues during the final phase.
The project manager secured backup contractors proactively to resolve the risk upon receiving the alert.
The company was able to prevent delays and disruptions, even if the initial subcontractors experienced scheduling conflicts.
They could stay on track and meet the deadline.
Are You Visiting Groundbreak?
Are You Visiting Groundbreak?
Let's catch up on more ways to leverage Procore's reporting and analytics at Groundbreak. We hope to meet you at the event and exchange our knowledge. You can also contact us for adept Procore consultation and professional implementation. We have the best team in town to ensure a seamless experience. You can count on us for Procore success.