Application of Big Data Analytics in Construction Industry 2018 – Forecast to 2022 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Application
of Big Data Analytics in Construction Industry, Forecast to 2022”

report has been added to ResearchAndMarkets.com’s
offering.

The objective for the study is to present the current scenario and
future insights into the Big Data market in the construction industry
for global geographies. The study gives an overview of the Big Data
Analytics market, exposing its restraints also a section with the
start-ups disrupting the construction industry with Big Data.

Big Data solutions are emerging across the construction industry, driven
by increased connectivity and Internet usage, the rapid proliferation of
connected vehicles, and the continued investment in Big Data analytics
innovations. However, the threat of data privacy and security continues
to challenge potential adoption as businesses are still struggling to
pinpoint how best to monetize these solutions.

Some of the key challenges include a lack of reliable data sources,
concerns about data security and individual privacy, and a lack of
specific Big Data-related skills. With the progress in technology,
construction and engineering companies are generating and also capturing
more data than ever before. Data collection techniques have also evolved
very rapidly. Presently, smartphones, drones, wearables, jobsite
sensors, telematics, and GPS systems on heavy equipment and other mobile
solutions are the preferred gadgets for data collection.

All of this extra data being captured and recorded can become
overwhelming as companies try and find ways to structure and analyze
this data in order to make actionable decisions to improve their bottom
line. With the advancements in artificial intelligence and machine
learning technology in the construction industry, companies will be able
to use a combination of internal and external data sets to predict
future outcomes on projects. Data analytics will help firms determine
the most profitable projects to pursue and how to manage them
efficiently.

This in turn will enhance the productivity by shortening construction
times, lowering costs, and reducing risks. 5G connectivity has taken a
huge step in the construction industry. Machine-to-machine communication
will be among the key focus areas. Many market leaders have already
started to explore the 5G opportunity in the construction industry.
Volvo Construction Equipment will be the first in the world to trial 5G
mobile technology collaborating with mobile operator Telia Company. This
report further gives a brief overview of 5G technology and its
implication for the construction industry.

Research Highlights

  • Overview of Big Data Ecosystem in the Construction Industry
  • How Big Data Can Transform the Construction Industry
  • Overview of Big Data Analytics in Construction Industry Productivity
    Management
  • Construction Tech and Market Players (Start-ups)
  • Drone Application in the Construction Industry
  • 5G in Construction Industry and its Implications
  • Pitfalls of Big Data in the Construction Industry
Key Topics Covered:

1. Key Findings

2. Research Scope, Objectives, Background, And Methodology

3. Why Big Data For Construction Industry?

4. Overview Of The Big Data Ecosystem In The Construction Industry

5. How Big Data Can Transform The Construction Industry

6. Overview Of Big Data Analytics In Construction Industry-Productivity
Management

7. Construction Tech And Market Players (Start-Ups)

8. Drone Application In The Construction Industry

9. 5G In Construction Industry And Implications

10. Pitfalls Of Big Data In The Construction Industry

11. Growth Opportunity Analysis

12. Conclusion

13. Appendix

Companies Mentioned

  • Volvo
  • Telia Compan
For more information about this report visit https://www.researchandmarkets.com/research/3nxfgw/application_of?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Construction,
Big
Data
, Data
Analytics