It''s no secret that information is changing the world as we know it. More data from other industries is coming to architecture, engineering, and construction (AEC).
>> Read more in the Data Pipeline
Toric is using data and analytics to revolutionize the AEC industry. They provide real-time insights to assist AEC firms and owners, as well as operators, reduce waste and increase sustainability. This data platform enables construction professionals to make better, data-driven decisions at a much quicker pace than previously imagined.
Data in construction
From 2007 through 2010, I worked in the construction industry. Only a few of the most forward-thinking firms used data and technology to improve their business processes.
AEC employees included more people who grew up with technology and were comfortable using technology in their jobs over the past ten years.
COVID-19 has awakened a sleeping creature. AEC-leading firms and their project managers have discovered the crucial need to remotely collect job data.
Every construction company is at a different position in its data and digitalization process. ERP, scheduling, project management, BIM, drones, and photography are all being used every year. Procore was the leader two decades ago. Today, Turner Construction is using robots to handle dangerous tasks on job sites.
Data challenges in AEC firms
Most AEC companies using data today are doing so with old data. When data is collected, it needs to be cleaned, organized, and analyzed to improve safety, quality, productivity, and profitability. Data value and accuracy are decreasing in part due to a shift in Tuesday.
AEC firms face a host of challenges as a result of ad-hoc operations:
- Data is buried in proprietary software and formats.
- Data is fragmented in space, silos and time.
- Project history is lost, so data cannot be compared from one project to another.
- Analysis requires significant software development skills.
- Wasted money, with more than $2 trillion in construction waste due to bad data.
Toric is at the forefront of this data-driven shift. The company is attempting to address the above challenges by providing real-time information for real-time decision-making in order to minimize errors, errors, costs, and risks.
The data landscape is a mystery. There are more sources, tools, and solutions, including artificial intelligence/machine learning, data mining, data science, predictive and prescriptive analytics. Toric has created a no-code data platform to help users understand all of these capabilities.
The platform integrates, transforms, visualizes, and automates data across projects. Data is then then consolidated in one workspace for analysis. The platform has over 100 tools to clean, transform, and increase data. Additionally, the data is updated in real-time, so project managers may make appropriate decisions to proceed properly.
By referencing all previous project data, the construction analytics platform helps deliver more accurate bids, tracks progress, and improves digital delivery. Procore, Autodesk, ERP systems, and spreadsheets are all analytics-driven. Historical data is leveraged for data applications.
Architecture and engineering firms may construct an analytics model for their BIM design process. These include, for example, BIM models and other data sources to support data-driven design, QA, quantification, and change management. Users may perform continuous data modeling, track design to project requirements, and create data apps to improve customer experience.
Toric is used by owners and operators to track key building metrics during design, integrate and compare bids against design, and create a complete data lifecycle for digital twins.
Getting value from data
The average AEC business with 100 projects is adding 1PB of data every year. It''s costly and difficult to find data analysts and scientists to gain advantage of the data, particularly when it comes to collecting, cleaning, and integrating it.
Suffolk Construction, a 40-year-old $3.9 billion business based in Boston, is one of the most mature firms in terms of its data strategy, with 30 data scientists on staff. Three of its 20 systems has been combined with the Torics platform, replacing their home-grown systems for data ingestion and data capture.
Hensel Phelps, a 2,000-person, construction management business founded in 1937, has a data analyst on staff. With Toric, their data analyst will be able to automate tens of thousands of projects using just one technique.
The AEC sector''s data quality, data cataloging, and real-time data analysis were not established three years ago. Data leaders will make significant impacts on several fronts. Environmental issues are a major concern today and can only be addressed with data. More sophisticated and precise proposals will result in a higher competitive position as data tools are utilized to evaluate and project costs.
Environmental conscious construction will be pushed by data.
Conscientious owner/operators who own a lot of real estate and care about the health and environmental compatibility of their properties. They are required that designers, engineers, and contractors know the amount of carbon involved in constructing a new building.
Embodied carbon is a major concern for owners who desire to be environmentally conscientious. They want to see the impact of the carbon footprint and to know if it is more effective to build their new or reclaimed building with steel or concrete. They want to know the implications of a design change.
Previously, information about embodied carbon was subjective. Today, it''s purpose and its obligation for AEC firms to have a strong grasp on their data to be competitive.