Haseeb Khan, VP Innovation & Technology, Tkxel in conversation with Hussein Cholkamy, Co-Founder & COO, Eyrus, talk about how the ability to process large amounts of data and extract useful insights from data has revolutionised society. The construction industry is not an exception to this pervasive digital revolution.
1. Data empowerment is important to the construction industry because, for many years, the industry has lagged behind others in adopting technology that can influence project outcomes, and has suffered for it.
2. To use data for empowerment, it must be captured accurately and in the same fashion across the project. The hand-capture methods of yesterday need to stay a thing of the past as they are usually only 30-40% accurate. Digital data capture has a 90%+ rate of accuracy.
3. Constructions tech is essential and the pandemic has made this industry realize how they can infuse technology and manage the process well, having data at their fingertips. In the coming years, data will be available all across and make construction life easier.
4. Being firm about your idea, making sure it’s funded well and staging stick to your vision is very important while building a company.