On a typical construction project, documents are regularly lost, communication is lacking, and mistakes crop up. A new report by Asite helps organisations make their own business case for a Common Data Environment (CDE)
Asite has released its latest industry report, ‘Uncovering the ROI in a Common Data Environment’ which takes a deep dive into the impact a Common Data Environment (CDE) can have on an organisation’s productivity and profit.
On a typical construction project, documents are regularly lost, communication is lacking, and mistakes crop up. This special brand of chaos can end up costing millions on any given project.
The report digs into the origins of the industry’s notorious low productivity rates and the drivers behind last year’s sudden increase in digital uptake.
It also examines how a CDE can solve problems plaguing construction organisations across the asset lifecycle, from design to tender to build.
As a bonus, the report provides a handy guide to evaluate a CDEs return on investment. By asking 10 simple questions, readers can build a business case for a CDE and evaluate if it is right for their organisation.
‘The potential to massively boost productivity’
Nathan Doughty, Asite CEO, said: “Low productivity, and its impact on profit, continue to plague our industry. Lack of collaboration and inefficient supply chains are roadblocks, severely impacting organisations’ balance sheets and resulting in stagnation.
“Construction technology, most notably CDEs, have the potential to massively boost productivity across the asset lifecycle without causing a dent in your bottom line—whether you’re a mid-size housebuilder or a large infrastructure group.
“Improving digital uptake and embracing construction technology is one part of the answer.
“We’re excited to share this report with you and how you can improve the performance of how you design, build and operate in the built world.”
Benefits of a single source of truth
Low productivity and even lower profit margins are the bane of the construction industry. Lack of collaboration, an absence of information sharing, and inefficiencies throughout the asset lifecycle keep this calamity a constant in construction.
The report identifies issues currently holding the industry back — missing project information, poor procurement and supply chain management, lack of collaboration, and lack of digital uptake with disparate tools — and puts forward its solutions.
Construction technology is projected as the key to solving these issues, with its capabilities ranging from improving information flow to creating a single source of truth.
Taming construction chaos with a CDE
Ultimately, a CDE can save businesses time and money. By examining the tangible benefits of a CDE, organisations learn how to have less chaos and more control, keeping them out of the red and on-track.
The report details how to transform data from disorderly to well-structured, enhance productivity, and improve an organisation’s bottom line.
As the industry emerges from the pandemic, the report declares industry stakeholders must build on the momentum we have witnessed and continue our accelerated digital adoption.
Only then will the industry reap the cost and productivity rewards construction technology, most notably CDEs, have to offer.
You can read the report here.