9 Construction Companies Leading The Way In BI

Construction Data

It’s been well-documented how beneficial business intelligence can be for a construction company. By documenting data from projects and having access to real-time reports and analytics, project managers can avoid delays, anticipate shortages, and maximise efficiency. However, not all construction companies have hopped on the BI bandwagon. The construction companies that have embraced business intelligence have thrived in countless ways. Let’s take the time to explore 9 construction companies leading the way in BI.

1. W. Soule

The multi-trade industrial contracting firm W. Soule is one of many contractors using business intelligence to boost efficiency and productivity. Their CFO Howard Dembs obtained a BI solution while the technology was still in its infancy. Due to their need to manage multiple locations and divisions, W. Soule needed a Business Intelligence solution that provided them with a centralised EMS and detailed reporting to help them analyse data. As a result, these reports allow W. Soule to view project data over time. As well as sharing it among the different team members and increasing efficiency throughout the company.

2. Kiewit

Kiewit is an Omaha, Nebraska-based provider of construction, engineering, and mining services that has really dived into business intelligence. They employ a BI analyst named Jamal Mohan, whose job is to gather business requirements from project teams in order to develop interactive dashboards. Mohan joined Kiewit after working as a business analyst for CenturyLink. Mohan’s expertise allowed them to leverage his experience in BI technology to help grow into the business they are today. Kiewit is currently one of the largest construction and engineering organisations in North America.

3. Fluor

Fluor Corporation is another construction company making extensive use of business intelligence. This leading engineering construction company provides engineering, procurement, and construction (EPC) services to clients worldwide. A notable example of their use of BI technology is in their new contract with the US Navy’s Naval Sea Systems Command. They recently obtained a 7½-year position working on the SeaPort Next Generation (NxG), which is the US Navy’s electronic procurement portal designed to facilitate performance-based services acquisitions. In their work with SeaPort NxG, Fluor will be able to use BI to enhance efficiency and reduce buying cycle times.

4. Bechtel

Bechtel is a global leader in EPC that recently won the 2018 BIG Innovation Award, presented by the Business Intelligence Group. This construction company was recognised for having an enterprise-wide approach to innovation. However, using BI technology is a key driver of business. The Business Intelligence Group lauded Bechtel for embracing innovation and BI technology to increase productivity and lower costs. Bechtel, therefore, created their Future Fund to stimulate the development of new ideas. So, this directly resulted in exploring emerging technologies to improve project design, quality, safety, and execution. Consequently, Bechtel employees have submitted over 2,500 innovative ideas through the Future Fund.

5. Skanska

Skanska AB is a multinational construction and development company based in Sweden. They make use of BI cloud services to support their company. However, through their use of a BI Cloud Service, Skanska is able to remove the external risk to sensitive information and produce group-level financial reports in only 5 minutes. Therefore, they’ve used the technology to create a central, dedicated platform that provides updates multiple times a day. Hence, Skanska is leading the way in cloud business intelligence, one of the hottest BI trends of 2022.

6. DPR Construction

DPR Construction is a construction engineering company based in Redwood City, CA. Their focus on fresh approaches and increased collaboration has allowed them to expand beyond the role of a traditional builder and into the world of business intelligence. BI technology has enabled DPR to learn more about their customers and how their needs vary from region to region. This, however, allows them to improve their customer service and evaluate facility costs based on the individual customer and market. Therefore, with the ability to differentiate between customers and regions, DPR can set new industry standards in delivering projects.

7. Turner

Turner Construction is an American construction company currently operating in 20 countries. Through their recent virtual Innovation Summit in 2021, they were able to bring together over 1,500 Turner staff with business and industry leaders in order to discuss innovative trends from the next five years. Attendees can learn more about how Turner teams utilise BI tools to keep their products and budgets on schedule during the event. This annual event is one of the ways in which Turner harnesses BI and other innovative technology to anticipate and stay ahead of future trends in the construction industry.

8. Jacobs Engineering Group

The American construction company Jacobs Engineering Group uses both artificial intelligence and data analytics to modernise and streamline the construction process. They use Business Intelligence to optimise construction documentation, track progress, and improve quality control across the board. They also use predictive analytics to help assess risk, define needs, and explore how different factors affect employee job functions.

9. PCL Construction

PCL Construction is based in Edmonton, Canada, but operates throughout the US, Australia, and the Caribbean. They use business intelligence to gather and analyse IoT data to improve their processes and increase efficiency, productivity, and safety. Meanwhile, after adopting a new technology initiative five years ago, PCL has begun to transition out of traditional IT and into the cloud. They’ve embraced SaaS, PaaS, and IaaS to help make all of their decisions data-driven. Business intelligence is currently aiding them in the construction of the SKY Residences of the ICE District in Edmonton. PCL Construction is, therefore, able to rely on the data provided by BI technology to detect temperature spikes and prevent damage to the building during the construction process.

All these 9 construction companies have taken the proactive step of investing in business intelligence, and all nine have the results to show for it. By utilising BI technology, they’ve positioned themselves as leaders in the construction industry for years to come.