This 2019 FMI white paper examines the challenges of big data usage, and provides opportunities for the engineering and construction (E&C) industry to use data analytics and its benefits as a business tool. Currently, 95.5% of the 2.5 quintillion bytes of data produced daily in the E&C industry is not used. Examples include: predictive modeling used to create customized visualization tools to better manage design costs; better work flow management processes; and, improved business performance management. The report is particularly relevant for engineering and construction business leaders.
Key words: intelligent buildings, construction, employee productivity, research & development, protocols & standards