Are You Dealing with Data Overload? Learn How to Get Out from Under It and Back to Good

Are You Dealing with Data Overload? Learn How to Get Out from Under It and Back to Good

Are You Dealing with Data Overload? Learn How to Get Out from Under It and Back to Good

Posted on January 19, 2022

Are You Dealing with Data Overload? Learn How to Get Out from Under It and Back to Good

While it may appear that having as much data as possible is the greatest way to work, in reality, it may be exhausting. Too much data might lead a construction business to believe that there is a “correct” option and that it will become evident if they only examine the data further. Continue reading to learn about the hazards of this thinking and how to combat it. Keep in mind that Fund Control provides the ideal degree of data.

The goal is to achieve equilibrium

We’re not talking about a data-action balance when we say the aim is to strike a balance. On a building site, we’re talking about striking a balance between the four most important factors: timelines, prices, quality, and safety. One of the problems with data is that it rapidly becomes apparent that what works for schedules may not work for prices, and what works for quality may not work for safety. The idea isn’t to maximize them all – that’s impossible, to be honest – but to strike the correct balance.

Exception-based reporting should be prioritized

Hundreds of positions are being reviewed by many of the organizations that utilize Fund Control. They won’t be able to keep track of every data point generated. What is the solution? Exception-based reporting that weeds out the information users don’t need and makes it easier to discover the information they do. When KPIs begin to deteriorate, analytics may provide early warnings, giving decision-makers more time to get their project back on track.

Understand What Is Crucial

Make sure you maintain an eye on what is genuinely significant and in what context it is relevant before you start putting stock in every piece of data you come across. Carry out this task without consulting any data. Then, rather than the other way around, search for the data that provides you with the information. You’ll lose time if you start by looking at all the data available and attempting to find out why it’s significant.

Allow us to demonstrate how our software works.

One of the benefits of working with Fund Control is that our software can be modified and changed in over 800 different ways, but this may be intimidating without help. We recommend calling Fund Control at 800-625-5972 to schedule a free demo. We’ll think about which features will be most beneficial to your business and show you how they function.