For today’s real estate developers, recognizing the critical role of data in informed decision-making is the first step toward realizing value faster.

Accessing, sharing and retaining data during the lifecycle of a construction project as well as post-project can help reduce operational costs and maximize the life of your asset.

Data may seem isolated, but in fact it is the information that underpins an entire construction project: from market trends to property performance metrics to customer feedback to communication and information about the project.

Being able to effectively leverage data not only for operational purposes, but also to provide insights and support informed decision-making is critical to the success and profitability of a construction project.

Common Data Environments (CDE) Explained: What Are They?

A Common Data Environment (CDE) is a central hub for project information, helping to streamline collaboration between multidisciplinary teams by providing a single source of approved project data.

Whether you use a server, extranet, or file-based system, a great cloud-based CDE will make it easier to share data efficiently among project stakeholders across multiple locations.

Key features of a CDE include access to a shared project workspace for all team members across geographies, controlled access to stored information, a structured approval process to regulate flow data and mechanisms for monitoring and managing communications.

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How AI can turn your data into valuable insights

Artificial intelligence (AI) is currently the buzzword across all industries, and for good reason. Smart businesses harness its power to accelerate the success of teams, communications, and processes across projects.

According to a recent report from Deloitte33 percent of construction companies will use AI in the near future to identify profitable projects.

And the first step to using AI is to leverage data for insights and adopt a CDE.

Ultimately, a robust CDE establishes the infrastructure needed to fully harness the potential of AI technologies, driving innovation, efficiency and strategic decision-making in real estate developments.

Additionally, by leveraging AI algorithms, developers can analyze large amounts of data to gain valuable insights into market trends, real estate demand, and consumer preferences, helping them make strategies and decisions more informed throughout the development lifecycle.

How Sunway is leading technological advancements in the construction industry

One of Malaysia’s largest conglomerates, Sunway Group (Sunway), has a strong focus on real estate development and townships.

Its construction arm, Sunway Construction, is the largest purely Malaysian contractor.

Sunway uses Autodesk Construction Cloud (ACC) as its CDE to store official documents and information on all its projects as a central source of information for official documents and information, improving project management and data accessibility.

The benefits of having this CDE in such a large organization are obvious.

According to Sunway, everyone is on the same page and accessing the same list of problems because the information is stored in a cloud environment.

Inconsistencies, rework and misunderstandings are minimized for the Sunway team, saving time and frustration.

All stakeholders can see how they fit into the whole and staff can be sure they are working on the latest version of the project and accept or reject updates while adding traceable feedback. This enables faster realization of the value of Sunway’s projects.

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