Why Brookfield Residential put data governance ahead of AI
CIO Brandon Sharp says the company logged 250,000 internal hours and deployed 7 major systems to build a single source of truth
Brookfield Residential's decision to prioritize data governance over AI may seem counterintuitive, but it's a strategic move that makes sense in the construction industry. With numerous projects and stakeholders involved, accurate and reliable data is crucial for informed decision-making. By investing 250,000 internal hours and deploying 7 major systems, the company has created a single source of truth, which will likely pay dividends in the long run.
This focus on data governance also reflects the industry's growing recognition of the importance of data quality and management. As construction companies increasingly adopt digital technologies, they are generating vast amounts of data that need to be harnessed and analyzed. By establishing a robust data governance framework, Brookfield Residential is positioning itself to extract valuable insights and drive business growth. Moreover, this approach will enable the company to integrate AI and other emerging technologies more effectively in the future.
What's next to watch is how Brookfield Residential's data governance efforts will impact its operational efficiency and project outcomes. Will the company's investment in data governance lead to improved collaboration, reduced errors, and enhanced customer satisfaction? As the construction industry continues to evolve, it's likely that other players will follow Brookfield Residential's lead and prioritize data governance as a foundation for digital transformation and innovation.
Originally reported by housingwire.com. ConstructionNews adds analysis for real estate & property readers.