Construction data analysis becoming essential with £150m government investment

Construction data analysis

 

It is no secret that being able to easily exploit data is becoming vital for businesses looking to make an impact in any industry.

This is now becoming more evident within the construction industry, with the UK government promising to invest a large sum of £150m ($208.5m) over the next 5 years. This comes after the decision to pick up the pace on enhancing energy efficiency across the UK.

 

Business Secretary Vince Cable said; “The UK’s new and existing buildings must adjust to a low carbon economy. Investing in energy efficient construction projects is important to help industry and government achieve our aims of reducing greenhouse gas emissions by 50% by 2025. I therefore warmly welcome the Technology Strategy Board’s investment of £60 million in energy efficient technology alongside the private sector,”

Although the added budget is set to be spread across various sectors, there will be a massive rise in the number of businesses looking to boost their data analysis efforts; allowing them to get the most accurate data possible that ensures every stage of any project is fully optimised.

With the growing attention towards the expansive possibilities of data, this would not be a bad approach to achieving the government’s goals, with such innovations as tailored Excel dashboards and artificial intelligence; the chance for construction businesses to analyse and act upon valuable energy efficiency data is becoming more common, with virtually any niche metric now being easily measurable.

The positive focus on energy efficiency will bring endless possibilities for both residential and commercial construction in the future, but it will undoubtably bring headaches, with advancing energy saving technology constantly changing the way businesses manage their materials, budget and approach to construction.

Although, with the government boost, companies will have the chance to minimise the managerial growing pains of an energy efficient future through further improving their data management efforts; giving themselves the chance to automate and eliminate tedious tasks such as error-checking and preparing data for meetings.

Overall, with this focus towards energy efficiency, there will be an undoubtable positive shift in the construction industry; with more jobs, homes and technology constantly expanding the ways of maintaining a healthy approach to sustainable living.