02 Mar

More about how siloed data is hurting construction companies

I’m a big fan of the jobsite articles that are “Powered by Procore“.

There was a recent article about Siloed Data Killing Business. A link to the article can be found below.

In case you haven’t read it, the underlying message is speaking about the proliferation of apps and how it can be bad for your business.

They gave a great example of something that I know happens quite often…

When your accounting software doesn’t know a $1,000 change order was approved 10 minutes ago as it’s compiling the project budget report, a great many people will view outdated information as they make decisions.

That’s just one example, but as someone that is in the business of Construction Analytics, I see firsthand how companies are suffering from this trend. Just last week, I was working with an engineering firm that uses Salesforce to manage their quotes, a different application to manage their accounting, yet another application for project management. The owner of the company was frustrated by not being able to aggregate all of that data across the entire operation of the company. He stated that this was a risk to their organization and clients were suffering because they were selling more work than they could handle.

When you don’t have the ability to see all of your data, you aren’t able to identify what is driving the loss. This company realized that. They realized that with Pronovos they could pull all of that data into one platform. Now they are able to create dashboards to analyze aggregated data and everyone is on the same page.

Article Link..

http://jobsite.procore.com/siloed-data-killing-business

About the author:

Bruce Orr is the Chief Data Scientist at Pronovos Construction Analytics. Pronovos provides affordable analytical solutions for contracting firms that utilize ERP software from Sage, Viewpoint, Procore, Foundation, SAP, Jonas, Accubuild and many others.