iWantTFC To Stream ‘Meteor Garden’ Exclusively 48 Hours Before Its TV Broadcast

Join the fans of all generations in celebrating the return of “Meteor Garden” on iWantTFC before it airs on TV.

Ayala Malls Cinemas Honors Awards Season With Acclaimed Film ‘The Brutalist’

The Brutalist is not just another film; it's a journey through storytelling that you won't want to miss.

Brace For The Heat: What To Expect And How To Stay Cool This Dry Season

Sweat-drenched afternoons and blazing hot streets are here again—don’t let the heat catch you unprepared.

Surigao City Breaks Ground On Ecotourism Park To Boost Economy

Ang Surigao City ay naglatag ng pundasyon para sa ecotourism park sa Sitio Brazil, Barangay Mat-i. Isang tagumpay para sa lokal na ekonomiya at kalikasan.

PH Construction Biz Keen On Adopting Data Strategy

The Philippines leads Southeast Asia in construction data strategy adoption, with 80% of companies planning to implement it within the next year.


By PAGEONE Business Today

PH Construction Biz Keen On Adopting Data Strategy

63
63

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Research by Procore Technologies Inc., a leading global provider of construction management software, shows that the Philippines is leading among surveyed Southeast Asian countries in plans to adopt data strategy in the construction industry.

In a statement Tuesday, the company said 80 percent of construction businesses in the Philippines plan to design and implement a data strategy over the next 12 months, higher than Malaysia and Singapore both at 76 percent, as well as the region’s average at 77 percent.

Construction professionals are also keen on adopting technology and harnessing data to improve cost management, reduce reliance on human labor, more efficient work, improve build quality, and enhanced the ability to handle more projects.

Although there is a high awareness of the advantages of using data strategy and a strong interest to adopt data strategy in their construction business, only 6 percent of the surveyed enterprises in the region “have laid foundation for a data strategy, while 52 percent are somewhat confident that they have the ability to utilize data in their operations within a year.”

“It is clear from our research that while construction professionals in the region have a strong understanding that data and analytical insights can help drive better business outcomes and protect their businesses, many struggle with developing clear data strategies,” Procore head of Asia Pacific region Tom Karemacher said.

In a hybrid press conference in Makati City, Procore head of sales for Asia Kin Weng Tan said one of the factors that construction enterprises are hesitant in integrating data into operations is that they want to see a clear picture of the return on investments of implementing data strategy.

“Software vendors will need to clearly demonstrate the returns on investment, thereby justifying the indispensability of construction technology and data management. This will help drive the adoption of innovative solutions within construction that unlock unparalleled value for industry,” Karemacher added. (PNA)