Data is one of a construction business’ most valuable assets. However, because construction firms generate so much data across multiple projects and job sites, it can often feel like information overload. So where is a construction business to begin? Let’s take a look at some of the most important data points and how you can utilize the right technology to simplify the way you monitor your business.
Key Performance Indicators
Construction projects come with a lot of risk and slim margins, so it’s especially critical to track the status of your projects and overall business health. Best-in-class contractors use a series of key performance indicators (KPIs) to measure, monitor, and manage performance.
