Investigating Information and Data in Building Constructions

This report investigates the critical role of information and data within the building construction industry, emphasizing how data insights drive effective decision-making. The report explores the types of data collected, such as geographical reports and labor/material costs, and how organizations like KIER utilize this data for day-to-day operations and risk assessment. It details methods of capturing and storing information, including cloud computing, and provides examples of how data delivers business insights, such as determining housing demand. Furthermore, the report highlights the integration of market research and secondary/primary studies, along with MIS systems, to enhance insights. The conclusion underscores the essential nature of data in the industry and suggests secure data storage systems. This report is a valuable resource for students seeking to understand the practical application of data in construction management.

Investigate The Role Of
The Information And
Data In Building
Constructions

Presented by
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Name ID
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Table of Content
Introduction
Role of information and data within building construction industry
Type of data is collected and used by organization and if this part data
How information and data is used within the day to operations
How information is captured and stored with key references
Give an example of how data is used to deliver insight
Describe how market research secondary and primary studies can be used in
conjunction
Conclusion
References

Introduction
For accomplishing project in effective manner an individual or company need to
conduct data insight because through it they able to gather proper information. Data
is determined as collection of information and then understanding of that
information as well as insights is considered as factor which a person gain after
understanding what data is appropriate for specific company.

Role of information and data within building
constructions industry
•In every industry information and data are essential because that will help company
in conducting effective decision according to situation.
•For example building construction industry, there are several information on which
their operations and functions are based as well as at that industry it essential to
collect proper and authenticate information and data.

Cont.…
At KIER, information and data plays effective role, which are mentioned below:-
●Data and information help KIER in developing effective decision according to
quality of field, construction types, requirement of building and so on.
●Proper data and information also help respective company management in
estimating risk or uncertain situation which may take place at the time of
construction of building according to client.

Type of data is collected and used by
organization and if this party data
In order to conduct construction work in effective and appropriate manner a company
operating in similar industry need to gather different types of data as that will help in
developing effective decision. Some of the main types of data which are collected and
used by KIER for taking effective decision are given below:-
●Geographical report
●Labour and material cost

Cont…
Furthermore, data which are collected by KIER are 2nd and 3rd parties based data because they
mainly prefer those information which are available at the local office or communities of
particular construction site. It is so because local office or communities have all legal
documents related to every construction sites as well as data provided by these
communities or agencies are reliable, legal and authenticate which help respective
company in taking decision according to the sites. In addition to this data gathered through
local office as well as communities will save time as well as resources of respective
company in effective as well as successful manner.

How information and data is used within
the day to operations
• Informations and data which are collected by a company are majorly used in their
day to day operations and functions.
• Similarly, in respect of KIER which is operating in construction industry, they use
gathered informations and data for the daily decision making process so that they
construct building according need, demand and expectation of customers.
• Along with this, it will also help them in decision which contract they can take and
which need to avoid by predicting future risk through gathered informations and data.

How information is captured and stored with key
references
• There are several ways which can be used by a company in order to capture as well
as store different types of informations or database.
• In respect of KIER, they can conducting their business in construction industry and it
is essential for them to protect informations of their clients and customers as well as
they also need to store it effectively.
• In order to do so respective company may adopt Cloud computing because through it
they can store, update as well as upgrade informations and data. Moreover, that data
can be used for the future decision making or need.

Give an example of how data is used to deliver insight
for business decision making
• There are different different situation for which data and informations can be used by
a company in order to deliver insight for the decision making of business in the
building construction industry.
• In respect of KIER company, which is operating their business operations and
functions at the construction industry they use data and information for several aspects.
• For example- KIER company can use information in order to determine demand of
housing for making effective decision for conducting construction process in specific
area or location in appropriate rate that can be affordable by its customers.

How market research secondary and primary
studies can be used in conjunction
• There are various factors for which research primary as well as secondary studies are used in
respect of conjunction along with MIS and other system of database in order to increase insight.
• In respect of KIER company which is operating in construction industry they can use these
system for storing information in effective and secure manner. Along with this, it can be also used
for analysing as well as interpreting information and data in appropriate and successful manner.

Conclusion
•By analysing about discussed point it can be summarise that in every industry information
and data play essential role because through it they able to take proper decision for
conducting business operations and function.
• Moreover it is also essential for firm to identify effective system which can be used to
store data and information in proper manner such as they can adopt Cloud computing, MIS
and many more.

References
● Ban, G.Y. and Rudin, C., 2019. The big data newsvendor: Practical insights from
machine learning. Operations Research. 67(1). pp.90-108.
● Hooper, R. and et. al., 2019. Host‐derived population genomics data provides insights
into bacterial and diatom composition of the killer whale skin. Molecular ecology.
28(2). pp.484-502.
● Kong, Q. and et. al., 2019. Machine learning in seismology: Turning data into insights.
Seismological Research Letters. 90(1). pp.3-14.

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