Little insight.ĭespite employing a growing list of systems, decision making can become an overly complicated process for many construction enterprises. Using GIS technology, they can communicate effectively across teams and with stakeholders and communities. Specifically, modern GIS allows construction companies to make more informed decisions, identify issues and opportunities, and respond quickly and efficiently to ever-changing conditions on the ground.

Doing so can maximize the value of your existing IT investments, replacing data redundancy and inaccuracy with timely, complete, and actionable information. Using a geographic approach underpinned by GIS technology, companies can integrate business systems to streamline and simplify data using location, as well as take advantage of location analytics and map-based visualization across project teams. Yet extracting powerful insights from complex IT environments-and enabling optimized decision support for all aspects of construction-is attainable without replacing existing systems and spending large sums on additional software. From building new structures to upgrading infrastructure, companies must meet the ever-increasing need for capital projects while operating smarter, faster, and leaner.Īnd as more enterprise technologies emerge in the construction industry, the inherent issue of multiple systems, siloed applications, and data redundancy often leads to a lack of clarity and confusion rather than improved decision making.

Between now and 2027, an estimated $130 trillion will be spent on capital projects. Despite the ups and downs of a global economy, the construction industry continues to grow.

Construction budgeting software