Page 53 - PROCORE PR REPORT - MARCH 2024

The Future Lies in Data
One trend is consistent in the construction industry’s journey in 2024: the growing
importance of rigorous and standardised data. Data is the lifeblood of business
intelligence, underpinning the effectiveness of both existing and emerging technologies.

Whether it’s building a data foundation upon which to develop generative AI tools, or
embracing forward-thinking data strategies and practices to attract the next generation
of top talent, data powers the future of construction. The standardisation of data is an

essential step towards becoming a data-driven and digital first business. Companies
that have this at the heart of their business strategy will make transformative leaps this
year and beyond.

https://meconstructionnews.com/59128/leveraging-technology-to-tackle-the-industrys-biggest-
challenges