Basically a set of instructions for running computations and solving problems. Construction data analytics engines plug contractors’ existing data into algorithms that provide new insight into project and organizational performance; predictive algorithms give contractors a better sense of what to expect when they game-plan future scenarios.
Application Programming Interfaces (APIs) allow different applications to talk to each other. Data analytics platforms can use APIs to break down the silos that separate contractors’ different mobile and other apps.
Artificial Intelligence (A.I.)
A machine’s ability to make decisions and perform tasks that simulate human intelligence and behavior. Across engineering and construction, there’s a growing focus on tech solutions that incorporate A.I.-powered algorithms. (Related: McKinsey & Co. report)