Skip to Content
Construction workers standing at a table looking at an iPad
Article

How construction companies can use business analytics to boost margins

February 20, 2019 / 4 minute read

Is your construction company providing workers the real-time information they need to make better decisions, avoid waste, and complete projects on time? Here are four steps to getting started in business analytics. Read more in American City Business Journals.

Using data analytics and business intelligence to improve business outcomes is among the hottest trends in technology. Particularly in the world of construction, the results of using business intelligence, predictive analytics and benchmarking tools can be significant.

Whether a construction company is deciding to lease or purchase capital equipment, figuring out what wage will boost staff retention or weighing how best to improve overall profit margins, data analytics can help. Heavy highway firms with so many moving parts can benefit greatly by implementing business intelligence practices to monitor bid/hit ratios, bid spread, revenue/margin per employee or daily materials put in place per job. Those are just a small sample of what is possible.

Read More

Related Thinking

A business professional pointing at a computer monitor screen.
May 6, 2025

Change management strategies for successful transformation

Article 4 min read
Technology professionals looking at their code on a computer.
May 6, 2025

Start strong: ERP planning and the enterprise software life cycle

Article 6 min read
Business professional talking to an AI chatbot on their laptop.
April 22, 2025

A blueprint for AI governance

Article 6 min read