Digital transformation webinar amer slideshare
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The document outlines a panel discussion focused on digital transformation in the engineering and construction (E&C) industry, highlighting a five-step agenda to address key challenges. These steps include integration across systems, standardization, building digital talent, securing adoption, and establishing ROI. As the industry faces declining productivity and complex projects, the report emphasizes the critical need for transformation to unlock potential cost and time savings.
Digital transformation webinar amer slideshare
- 1. Five Steps to Digital Transformation
- 2. Agenda Welcome Janet Poses Panel Discussion Dexter Bachelder, Sr. Vice President, Aconex (Moderator) Jim Dray, CIO, Thornton Tomasetti and AECOM Veteran Santiago Ferrer, Managing Director, The Boston Consulting Group Q&A All
- 3. • Formed with global leaders to understand and address the E&C technology gap • Aconex has heard the common obstacles from working with leaders over nearly 20 years • The early adopters are overcoming the challenges and transforming the way they work • BCG has identified the potential for change in E&C as compared to industries such manufacturing • Now it is time for the rest of the industry to join the transformation The Global Industry Council Joint initiative of Aconex and BCG
- 4. 1. Integration Across the Ecosystem How various systems work together 2. Rationalization and Standardization Standardize across projects, customize for specific project needs 3. Building Digital Talent Across leadership and the wider workforce 4. Securing Digital Adoption Workforce apprehension can slow adoption and results 5. Establishing Value and Return on Investment (ROI) There is no set method to track and report on results of digital investment Key Findings of GIC Report – 5 key challenges
- 5. Today’s panel Santiago Ferrer Managing Director The Boston Consulting Group Jim Dray CIO Thornton Tomasetti Veteran AECOM Dexter Bachelder Senior Vice President Aconex - Moderator
- 6. • The global industry is expected to grow to $17 trillion by 2030 • Construction productivity has declined in some markets • Projects are becoming more complex and larger in scale • The population is growing at a rate of 200,000 people in the world’s urban areas • The construction industry is the cornerstone of the world’s economy The Engineering & Construction industry is ripe for change!
- 7. • Overcoming the 2/3 megaproject failure rate • Closing the nearly 3x labor productivity gap between manufacturing and construction • Addressing the over 50% time inefficiency identified in E&C • Taking advantage of potential of up to 30% cost savings and 35% time savings Why digital transformation is critical for E&C
- 8. Panel Discussion Please visit aconex.com/webinars to view on-demand recording
- 9. How have you seen the industry change over the years?
- 10. How do we know the time for transformation is now?
- 11. What challenges to digitalization have you encountered?
- 12. What can we learn from other industries?
- 13. AECOM – Digital transformation Centers of excellence
- 14. What benefits can be achieved through digital transformation?
- 15. New opportunities enabled by digital technologies
- 16. • Increased productivity and efficiency • Improved budget and schedule adherence • New construction techniques • Improved quality and safety • Enhanced building design • Risk prediction and avoidance • Potential cost savings of up to $1 trillion alone in non-residential construction* What are the benefits of digital transformation to E&C? * The Boston Consulting Group, 2017, Shaping the Future of Construction: Inspiring Innovators Redefine the Industry. Available at: https://www.bcg.com/publications/2017/engineered-constructure-products-concessionaires-unlock- opportunties-smart-infrastructure.aspx
- 17. • Reduced construction costs • More assurance of successful project delivery • More efficient use of scarce materials What are the benefits of digital transformation on society? • Improved eco-efficiency of buildings over time • Narrowed global infrastructure gap • Boost to economic development in general
- 18. What are the next emerging trends you’re seeing across the industry?
- 19. 1. Talent – The right people to define and lead 2. Standardization – Cross project process optimization & consistency 3. Centralization - Transformation throughout the organization 4. System compatibility – Across project lifecycle and processes 5. ROI – Measure and communicate benefits Summary “5 steps to digital transformation”
- 20. Five Steps to Digital Transformation GIC report: aconex.com/DigitalTransformation
Editor's Notes
- #15: Santiago - BCG data points – Example, hopefully E&C Then Jim