Big data has had a significant impact on businesses in many different industries. Some professions have not received a lot of publicity for their increased reliance on big data, but they are still discovering its usefulness. The contracting profession is among the most overlooked that has benefited from big data advances.
Flooring professionals are among those that have benefited from advances in big data. Here are some of the most important reasons that big data has changed the profession.
Improving project management
Many people believe that the biggest benefit of using big data, machine learning and other novel technologies in the contracting profession is that it can help improve the quality of designs. Although this is a compelling advantage, it is not the most important one for professionals installing vinyl click flooring.
Arguably the biggest benefit of big data is that it helps streamline the project management process. Project managers are able to use big data to make better decisions. Examples of ways that flooring professionals can use big data for better project management include the following:
- They can use historical data from similar projects as a basis for their timetables. Before big data became widely accessible to the flooring industry, project managers tended to use their gut as a baseline for coming up with timetables. The problem is that their memories are rarely perfect and can’t reliably account for all of the variables that could influence the timeline of a project. Data analytics has made it easier for them to estimate the time needed to meet certain milestones based on similar conditions, such as season, municipal policies, materials used, size of the property and even the personality of the property owners.
- Project managers in every profession have started using big data to better assess the performance of their employees. Flooring professionals are no exception. They can use data analytics to see which employees are pulling their weight and which ones might need additional training.
- Project managers can use data analytics to identify efficiency issues that can be rectified. This could significantly improve the likelihood that the team is going to complete their flooring installation on schedule.
Every flooring team needs to make sure that the project manager is making prudent decisions. They have a much easier time adhering to these expectations if they use data analytics as a basis for the decisions.
Coming up with better cost quotes
One of the most important things that any contractor needs to take into consideration is the importance of coming up with accurate quotes for the project. Flooring professionals are no exception.
They need to know how much the project is going to cost. This is going to involve a lot of important decisions and many different variables need to be taken into account. Unfortunately, it is far too easy to underestimate the cost of a project, which will leave the flooring company to take a loss.
Data analytics technology has helped solve this problem. A number of new big data tools can help flooring professionals accurately project the cost of a project. They will be able to use data analytics to improve their revenue maximization objectives by ensuring they have a healthy margin on more flooring projects.
Identifying the best flooring materials
It is also important for flooring professionals to work with the best materials. This is obviously easier said than done. Even people with years of experience can’t be aware of the nuances of the thousands of different types of materials and suppliers on the market.
Data analytics technology has made it easier for them to identify various flooring materials and select them accordingly. This helps them come up with the most cost effective and durable