Big data — the collection and analysis of massive data sets with the help of specialized computer technology — is being used across industries to create better predictions and provide real-time monitoring. Recently, the construction industry, pushed by difficulties with construction planning and demands for more sustainable housing, began to integrate big data technology into the building process. Here's how the construction industry is using this technology to make homes more durable and sustainable.Building More Durable Homes With Big DataPre-construction planning is one of the most challenging aspects of creating buildings. When deciding where to construct, companies rely on traditional forecasting to determine building locations and estimate the rough cost of each project. These methods, however, don't provide accurate planning and material budgeting — meaning it's not uncommon for construction projects to run into cost issues as assignments drag on.Big data forecasting can solve this. By using a wide variety of information and large data sets, construction companies can create forecasting models that are much more accurate than traditional approaches. Professionals can also update these models to include unique changes in market conditions — like tariffs or embargoes that raise prices on building materials — making them a good fit ...
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