For the construction industry, enterprise business analytics are key to ensuring a project is done on time and on budget, as it helps wade through the massive amounts of data available today. Explorer Software defines business analytics as the process of analyzing all of your past and current data sets and converting them into easy-to-read formats in order to make informed business decisions.
FMI has suggested the construction industry produces roughly 2.5 quintillion bytes of data daily or just enough to fill 10 million blue ray discs—and that came from a whitepaper released back in 2018. Imagine the amount of data produced in 2024! Business analytics can help. Mordor Intelligence suggests the business analytics market size will grow 8.07% between 2024 and 2029.
Explorer Software is one company that offers technology specifically tailored to the construction industry. The company’s flagship product, Eclipse, is an integrated job cost, accounting, equipment control, and project management solution. The value here is the technology provides realtime data to users throughout an organization.
A big benefit here is the technology has intuitive reporting tools to create custom dashboards, graphs, and reports without the need for custom programming or complicated third-party products. This means construction companies can drill down to view transaction data instantly.
“A global leader of enterprise software solutions, Explorer Software’s Eclipse enables users to quickly access realtime data where and when they need it,” says Peggy Smedley, editorial director of Constructech magazine, and president of Specialty Publishing Media. “The list of enhancements for this product is long, which proves the company continues to focus on the needs of the contractors.”
Explorer Software’s Eclipse was recently named to the 2024 Constructech Top Products, which awarded 91 products making a real contribution to construction. Only 24 products were chosen as the crème of the crop, and Explorer Software was one such product. The awards program aims to cut through all the noise to find the best products serving the construction industry.
Eclipse goes beyond managing debits and credits and delivers tangible results by combining advanced accounting with intuitive analytical tools that are designed to help contractors run their business more efficiently. Eclipse can monitor jobs, maintain equipment, manage documents, and track the workforce all in one place with the ability to drill down into the details right from financials.
This comes at the perfect time. Enterprise data and digitization can help meet the demands of today’s construction market. As we move forward into 2024, we will need technology that can provide us with the data where and when we need it. Eclipse is one such product to deliver that to heavy construction, general contractors, specialty contractors, trades, architects, and engineers. The future is bright when data is leveraged in a way that is beneficial in construction.
Want to tweet about this article? Use hashtags #construction #IoT #sustainability #AI #5G #cloud #edge #futureofwork #infrastructure #ExplorerSoftware #Eclipse