In last week’s post, we highlighted the five keys to unlocking engineering and construction digital transformation to radically improve productivity within the industry.
This week, we’ll explore a common emerging technological challenge many organizations face: integrating your ecosystem.
The digital ecosystem in the E&C industry
The digital ecosystem is a pivotal component to technological change. Organizations resistant to modernizing their technology risk losing their competitive edge to more disruptive, contemporary, and innovative companies. The engineering and construction (E&C) ecosystem is particularly complex—extending beyond a single organization and permeating across the entire supply chain. But what happens if there are so many interconnected pieces of software, hardware, and applications a company is unable to create a streamlined ecosystem?
The Middle East is an exciting region for anyone looking to tap into a growing market.
Saudi Arabia is investing US$500B in infrastructure, and Dubai is transforming into a financial hub and tourist destination. In fact, many other cities in the broader region are being built from the ground up. Traditional oil and gas industries still require massive funding, too.
So how can the E&C industry benefit from this surging Middle Eastern boom?
Imagine trying to explain modern E&C technology, materials, and resources available in the industry today to a construction worker from a century ago.
Their jaw might drop at today’s technical solutions: “You mean, you can store project information in the sky??”
Today’s technological advancements have empowered us to maximize our productivity compared to how we managed projects one hundred years ago. A megaproject (valued at US $1B or below) may have seemed daunting in the past, but we’re quickly adapting to a new normal. The giga project (valued at US $1B or more) encompasses even greater complexity, capital expenditures, and risk.
Enprode, a global engineering, construction and procurement (EPC) company specializing in combined-cycle power and gas plants, recently leveraged Aconex Connected BIM to advance an open cycle (soon to be combined-cycle) gas turbine power plant (Garri 3 and Port Sudan Project) in Sudan. Headquartered in Turkey, Enprode conducts business with major energy centers across the globe, spanning from South America to the Middle East.
Lagging productivity within the construction industry is nothing new.
For the past several decades, manufacturing has led the way by adopting technology and digitizing work processes to increase productivity. Meanwhile, over the past twenty years, the global average value added per hour in the E&C industry has grown roughly a quarter of the rate of manufacturing.