Just like ‘speed’, business intelligence in the construction industry provides you integrated data, which provides the scope of information required to make the most informed decisions rather than going mostly on ‘gut instinct’. In the traditional method of business, rather than an accurate view of the future, it was mainly guided by ‘gut instinct’, which was more like adopting value-added functions of an experienced employee or executive. However, technology solutions in construction have superseded this. And now, you have fact-based decision-making centered on up to the minute, bespoke data that all but removes the element of guesswork. When you have accurate facts that can guide you to see future trends, the risk is effectively removed. In a way, a majority of the business decisions being made across the entire process and project are more accurate. |