Risk Management: Brick by Brick

Leveraging Data for Operational Excellence with Danny Seigle and Peter O’Brien of Procore

Sep 28, 2023

Peter O'Brien and Danny Seigle discuss innovation in the construction industry, the rise of technology and data, leveraging data at Procore, and the biggest risks facing the construction industry. They also explore the challenges of implementing operational excellence and educating the insurance carrier community about technology adoption.

27:39

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Episode guests

Peter O'Brien

Danny Seigle

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Episode notes

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Quick takeaways

Technology enables the transfer of knowledge and information, improving operations and mitigating risks in the construction industry.

Data analytics provides valuable insights into performance and benchmarks, helping contractors identify areas for improvement and become best-in-class.

Deep dives

Importance of Groundbreak Event in Construction Industry

The Groundbreak event is seen as a crucial opportunity for construction professionals to meet in person and share knowledge. The event fosters connections and relationships, which are fundamental in the construction industry. Procore, the host of the event, uses it as a chance to understand their customers' challenges and incorporate customer feedback into their platform. The event serves as a platform for learning and sharing best practices, driving innovation and bridging knowledge gaps in the industry.

Introduction

3min

Leveraging Technology for Knowledge Transfer in the Construction Industry

16min

Challenges and Risks in the Construction Industry

2min

Implementing Operational Excellence and Personalizing Technologies

2min

Educating the Insurance Carrier Community

5min

In the first of a series of episodes, Jason Reichl takes Risk Management: Brick by Brick on the road to Procore Groundbreak 2023 in Chicago, Illinois. This time, he chats to Peter O’Brien, the General Manager of Procore Risk Advisors, and Danny Seigle, the Vice President of Fintech & Procore Risk Advisors. Peter and Danny are instrumental in helping Procore provide cloud-based construction software to clients across the globe.

In this episode, Jason, Danny, and Peter discuss innovation in the construction industry, including the rise of technology and data and where it is headed next. They also delve into how they are leveraging data at Procore in the form of Operational Excellence Scorecards before exploring the biggest risks facing the construction industry today.

To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.

Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.

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Risk Management: Brick by Brick

Leveraging Data for Operational Excellence with Danny Seigle and Peter O’Brien of Procore

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Groundbreak Event in Construction Industry

The Role of Technology in Construction Risk Management

Using Data Analytics to Enhance Operations and Reduce Risk

Elevating Risk Management with Technology and Data

Remember Everything You Learn from Podcasts