Are you Missing the Point with Point Solutions?
- on February 23, 2021
- Categories: Construction
Software producers often take great care to protect their copyrights, a position that can hamper collaboration between tools. Point solutions remedy this.
The 2019 Construction Technology Report noted that, of companies surveyed, only 6.9% of companies in the construction field claim to have all programs integrated. For companies belonging to the 93.1% that lack software integration, waiting on upstream documents as well as locating the most up-to-date version is inevitable. Also, of the remaining 93.1%, 53% of companies report needing to manually duplicate the entries across multiple software solutions.
With cross-product/platform data sharing comes loss of data relationships.
In general, point solutions lose wholistic data when the information is transferred from one application to another because the software re-purposes the data to suit its individual requirements.
To illustrate, after a takeoff has been taken of a drawing or BIM model, the geometric dimensions are exported to an estimating package where they are measured and exported again into an estimate repository for consideration, before again being exported to facilitate work package bidding and procurement. Once information has been passed outside the originating application, the data becomes encapsulated in an environment that is disconnected from the initial procedures.
Bottom line, point solutions, including the use of different software for different departments, results in data/document sharing lag time.
Open API Advantage
The task of finding commonality between projects is a large undertaking.
MTWO, an AI-empowered 5D BIM enterprise construction management solution, eliminates the need to recreate any data relationships across formats
Within MTWO, all project data lives and breathes in a single database. This new way of working, where all stakeholders contribute within the same platform, sharing information as it is being created, provides a common reference point for truth, delivering increased quality and transparency.
Every project contributor, designer, engineer, and stakeholder contributes their day-to-day responsibilities while simultaneously sharing the information as it is being created. A single reference point for truth helps increase transparency and improves the quality and productivity for everyone.
MTWO enables the end user to analyze the enterprise Big Data. In turn, companies are able to make smarter decisions, win more work, and project future growth. From day-to-day project management to business strategy creation, MTWO Control Tower 4.0 serves executives to managers with real-time transparency into enterprise-wide business performance – from business overview to granular construction process insight.
By retaining all aforementioned processes in the same environment, data source tracking is assured, providing transparency throughout the project lifecycle.
MTWO’s open application programming interface (API) and collaborative environment creates opportunities for partnerships across many of today’s leading solutions including PowerBI, Excel, Revit, BIM360, P6, Microsoft Project, Dynamics, and many more.
For instance, with PowerBI integrated in MTWO, users can develop endless reports and dashboards, providing a holistic overview on real-time project performance, and actionable insights. By understanding and interacting with data, end users gain deeper insight with the ability to anticipate and negate common errors in procedure that affect the net margin.
Many point solutions are built for simplicity, preventing any custom configurations.
Comparatively, MTWO enables custom workflows to operate atop of day-to-day tasks, enabling automated data transfers, task assignments, approval rankings, status triggers, and more to reduce redundant administrative work and increase efficiency. With this feature at the fingertips of any end user, workflows may be utilized to configure the platform to perform tasks or functions that the out-of-the-box solution may not initially match. Processes can be created across the enterprise, project, or module to turn informal tasks into structured work.
Leveraging the Past
With the MTWO solution, users no longer start from scratch when beginning a new project—instead, they leverage past historical data.
For example, users may filter data by project type, project vertical, project delivery, project location, construction type, estimate contents, schedule contents, etc. Not only does this allow the user to add directly into their current project, but this also gives the user the ability to view benchmark costing models for a proposed project based on historical data. With the ability to utilize previously completed projects, users may reduce project set up and turnaround time drastically. By leveraging the knowledge learned from past projects, companies can pave the way for better building and construction. MTWO makes this easy by storing and refining data throughout an entire project lifecycle, utilizing those past results to establish better processes for future workflows and projects.
By bridging gaps across modules and eliminating disciplinary (process, work, area, field, specialty, professions) silos, MTWO connects all stakeholders and projects in a single environment, empowering your business with the greatest key for success: data.
To learn more, schedule a demo with our experts today.
MTWO is a robust construction cloud solution developed by RIB Software SE, a strategic partner with U.S. CAD.