With annual revenues expected to grow to $17 trillion by 2030, the Engineering and Construction (E&C) industry is pivotal to the world economy. Digitalisation and innovation are moving at speed across the industry, yet the transformation continues to be a challenge for most organisations. Industry expert, Dr. Ahmet Citipitioglu, a veteran of TAV Construction and Ken Panitz, Principal Methods, Learning & Innovation with CIMIC Group along with Andrew Newsome, Principal at The Boston Consulting Group, discuss the new digital reality for E&C and present real-life case studies to unlock technological value.
Unlocking Engineering and Construction performance webinar apac slideshare
1. 5 Keys to Unlocking
Engineering and Construction Performance
2. Welcome
Panel discussion
Q&A
Agenda
Luke Fielding, Aconex – introduction
Callan Mantell, Aconex - moderator
Andrew Newsome, The Boston Consulting Group
Ken Panitz, CIMIC Group
Ahmet Citipitioglu, TAV Construction
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. Rationalisation and Standardisation
Standardise across projects, customise 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 panelists
Andrew Newsome
Principal,
The Boston Consulting Group
Ken Panitz
Principal Methods, Lean and
Innovation
EIC Activities, a member of the
CIMIC Group
Dr. Ahmet Citipitioglu
Director of Engineering &
Design,
TAV Construction
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 labour 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
17. • 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
18. • 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
19. What are the emerging trends you’re
seeing across the industry?
What’s coming next?
20. 1. Talent – The right people to champion and drive adoption
2. Standardisation – Cross project best practices and improvement
3. Centres of excellence - Transformation throughout the organisation
4. System integration – Across project lifecycle and processes
5. ROI – Establish baseline, set goals and communicate results
Summary
“5 Keys to Unlocking Engineering & Construction Performance”
21. Q&A with our panelists
Andrew Newsome
Principal,
The Boston Consulting Group
Ken Panitz
Principal Methods, Lean and
Innovation
EIC Activities, a member of the
CIMIC Group
Dr. Ahmet Citipitioglu
Director of Engineering &
Design,
TAV Construction
22. Five Keys to Unlocking
Engineering & Construction Performance
Thank you to Andrew, Ken, Ahmet and Callan and to you for joining us today.
GIC report: aconex.com/DigitalTransformation