Skyrocketing AEC data pushes need for data governance best practices

by | Aug 29, 2022 | Technology

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As the architecture, engineering and construction (AEC) industry is undergoing a staggering growth in the creation of data, organizations need to place a strong focus on data governance best practices.

That is one of the findings of a new study of the AEC sector that reveals it has experienced a 31.2% compound growth rate in data storage since 2017. The amount of new data being captured or created is staggering, but getting full value from it depends on how the data is managed, stored, accessed and protected.

According to the AEC Data Insights Report from Egnyte, “the AEC industry is experiencing unprecedented growth, challenges and opportunities all at once. Demand is high, supply chains are unpredictable, but through it all the industry is growing. So is the amount of data it is using and storing to function in this roller-coaster environment.”

Egnyte surveyed approximately 3,000 organizations on their current and recent data management and data storage practices. While the firm expected to see an increase in data creation and storage, it was caught by surprise on just how much that has increased.

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Surprising growth

“Probably the most surprising finding was the rate of storage growth of our customers over the four years,” Ronen Vengosh, vice president of AEC at Egnyte, told VentureBeat. “While this is in line with other industry reports, the fact that, on average, our customers have nearly quadrupled their data storage – from 0.9 TB in 2017 to 3.5 TB in 2021 – is a rather striking indication of how AEC firms have become data companies.”

The pandemic greatly accelerated the AEC industry’s digital transformation, Vengosh explained. More …

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