Data is the new lifeblood of the #BuiltEnvironment

The data in the built environment closely mirrors human physiology—it’s complex, vast, deep, and needs to flow continuously.

One of the most critical systems in the human body is the cardiovascular system which includes the heart, blood vessels, and blood. The functions of blood determine the health of the human body. When the body does not receive an ample amount of nutrients and oxygen, cells begin to die. If all cells in the body were to die, we would cease to exist as we know it today. This most incomprehensible yet magical process is made possible by the human heart – which typically works 24/7 and 365 days for an average of 70 years and also helps to regulate the two other body systems: the respiratory and nervous systems.

A similar analogy can be made for the data in the built environment as it is a very complex sector that heavily depends on communication and the flow of information. Industry reports reveal that roughly?96% of the data ?produced in the built environment remains unused and thus wasted in silos. In comparison, if the same were to happen in the body, a person would suffer organ and tissue damage, resulting in risk to life. With such a large amount of data lost during the process, a sector wherein megaprojects typically take?20% longer ?to finish than scheduled and are up to 80% over budget; the sector can barely stay afloat.

According to some reports, construction teams spend?13% ?of their time looking for project data and information, while 30% of E&C companies use tools that do not integrate. Compare this loss in resources to human body blood loss and functioning; the construction sector would barely survive.

As digitization across the sector continues to gain momentum, leveraging data will become critical to ensure that it reaches its full potential. Data is the lifeblood of our world, and we must learn how to harness it to derive meaningful insights for everyone.

“We are quickly moving toward an era where people would recognize data as the new lifeblood of the built environment – leading to minimized waste and preservation of resources on our planet.” – Suhail Arfath

In essence, we must make a paradigm shift from ‘data as information’ to ‘information as data.’ In other words, the data itself is becoming the new lifeblood of the built environment. This new way of thinking requires professionals to equip themselves with the right tools to use and handle data in their workflows and make the most of it.

At Hloov , we believe that nature is the most exemplary teacher one can learn from, and taking inspiration from it, we are developing “Project Heart.” Like the human heart, Project Heart empowers every stakeholder within the built environment through advanced machine learning (ML) algorithms to monitor, regulate, and govern data flow, making it accessible to the right people at the right time. The goal is to democratize data for better decision-making within all stakeholders; create an efficiently managed data flow; reduce costs, and provide actionable insights that help optimize resources required to minimize waste and achieve goals.

Read the complete article?here .