Study: 95% of All Data Captured Goes Unused in the Construction and Engineering Industry

FMI whitepaper dives into the impact of big data on the construction industry and the long-term power of utilizing big data as a business tool

November 12, 2018

A FMI whitepaper concludes that over 95% of the data collected goes unused in the construction and engineering industry.

A FMI whitepaper concludes that over 95% of the data collected goes unused in the construction and engineering industry.

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FMI Corp. has created a whitepaper on the impact of big data on the construction industry. In this whitepaper, FMI breaks down some of the most challenging aspects of big data usage, explain the opportunities that present themselves when big data and analytics are properly implemented, and shows the long-term power of utilizing big data as a business tool.

Some key findings include:

Today we produce more data than ever: 2.5 quintillion bytes of data daily.
95.5% of all data captured goes unused in the E&C industry.
13% of construction teams’ working hours are spent looking for project data and information.
30% of E&C companies are using applications that don’t integrate with one another.

Read FMI's entire whitepaper "Big Data = Big Questions for the Engineering and Construction Industry".

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