Construction

Entering the digital age

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Launching a real digital strategy becomes essential in the Construction Industry

The construction industry is ripe for disruption according to a report from McKinsey. Large projects across asset classes typically take 20 percent longer to finish than scheduled and are up to 80 percent over budget. Construction productivity has actually declined in some markets since the 1990s; financial returns for contractors are often relatively low—and volatile.

Through the influx of tech-savvy engineers we see more adoption of digital tools. The need to compete on the massive infrastructure projects requires the construction industry to digitise the processes and  to be digitally literate.

Some digital drivers  get slowly introduced to the construction industry, changing the current way of work.

Launching a real digital strategy becomes essential in the Construction Industry

Building Information Modeling (BIM) allows one to see the digital simulation of the projects even before a single brick has been laid.

Virtual, Augmented and Mixed reality Being able to walk through and even feel what a property will look like just with the assistance of a headgear provides the clients and the employees an extremely satisfying outlook.

Internet of things and Smart sensors are being used at construction sites for worker-safety, cost reduction, quality assessment, energy efficiency and maintenance of items by forecasting environmental conditions.

AI or Machine learning, AI in the construction industry is majorly focused on finding patterns in large datasets which would otherwise be a herculean task for humans to process.

Challenge

Process complexity

The complexity of existing systems and processes make it difficult to track every step and the lack of communications between the systems don’t allow a single overview of the entire project

EACIIT Solution

Single Truth Data Layer + 360 project view

Collating all data from different data sources and bring it together into a single data layer from where all analytics and visualisation can be created and a 360 project view can be established.

OUTCOME

Single Truth Data Layer + 360 project view

One single data layer where all data from all different sources is collected and integrated. Overarching logic layer above the data layer to achieve strategy and optimize performance all functions within the Organization and a real time 360 project overview.

Estimated cost

TBA

A full review of the project, systems and processes will need to be done before any estimates can be given.

Alternative Solutions

Multiple software systems required

Extensive software system updates that need to be complimented with an additional data integration platform and a separate analytics software. Not one full system comparable.

This is just one of many EACIIT solutions!

While the construction sector has been slow to adopt process and technology innovations, there is also a continuing challenge when it comes to fixing the basics. Project planning, for example, remains uncoordinated between the office and the field and is often done on paper. Contracts do not include incentives for risk sharing and innovation; performance management is inadequate, and supply-chain practices are still unsophisticated. The industry has not yet embraced new digital technologies that need up-front investment, even if the long-term benefits are significant. R&D spending in construction runs well behind that of other industries: less than 1 percent of revenues, versus 3.5 to 4.5 percent for the auto and aerospace sectors. This is also true for spending on information technology, which accounts for less than 1 percent of revenues for construction, even though a number of new software solutions have been developed for the industry.

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