Promote an autonomous future
Digital engineering and associated data are transforming the construction industry, enabling organizations to deliver safety, quality, efficiency, productivity and, ultimately, projects that meet schedule and budget. The data provides the ability to apply a consolidated, holistic single source of truth that simplifies complex processes and supports best practices such as Advanced Work Packaging (AWP) and BIM. In turn, this allows all levels of the organization and ecosystem partners to gain full visibility into all aspects and details that affect the execution of projects. This helps improve decision-making, collaboration and lay the foundation for successful asset and facility management during the facility’s operations and maintenance (O&M) phase.
In the face of recent inflationary pressures that eroded project margins, profitability and supply chain disruptions, we have experienced domestic market consolidation. Added to this is the shortage of talent, the entry of foreign players and companies that have to compete to win projects. The construction industry is under increasing pressure to drive competitive advantage. Instead of driving prices down, the savviest in the industry choose to earn and profit in other ways. For example, delivering safety, quality, efficiency and productivity through projects that meet schedule and budget or that are cost-effective by improving the complex operating environment.
Many leaders in the construction industry are looking for new ways to claim a competitive advantage with digital transformation. With the construction phase of projects accounting for approximately 80% of an asset’s total installation costs, this phase is our greatest opportunity to positively impact schedule and budget.
The ability to apply a consolidated, holistic single source of truth that simplifies complex processes and supports best practices (eg, advanced work packaging and BIM) enables all levels of the organization and ecosystem partners to gain complete visibility into all aspects and details that affect project execution, improving decision-making and collaboration.
Hexagon’s Smart Digital Reality™ for Industrial Assets addresses industry challenges. The solution is imbued with intelligence to automate processes and analyses. Together with reality capture and automated work processes, Hexagon’s project portfolio planning, design, construction, operations and maintenance software solutions can eliminate human error and the need for intervention. This helps businesses tap into an autonomous future.
Great examples of data and digitization are:
- Technip Energies uses EcoSys™ to enable the progressive digital transformation of project control processes
- Insights from Ausenco achieving sustainability and efficiency with digital transformation
- This oil refinery that was able to track 2,000,000 materials with Hexagon’s Jovix® solution for timely materials management
Hexagon helps take the complexity out of complex projects. Data digitization and visualization provide decision makers with a new level of transparency to make informed decisions quickly, enabling engineering, procurement and construction (EPC) firms and general contractors to achieve preferred status and remain competitive.
Hexagon is the global leader in digital reality and autonomous solutions with a mission to put data to work to enable autonomous and connected ecosystems that increase efficiency, productivity and quality. Hexagon’s Asset Lifecycle Intelligence division offers a suite of solutions that span the entire project lifecycle, from planning, design and execution to asset operation, maintenance and security.
About the author:
Marcus HaynesSenior Manager, Digital Strategy Acceleration – Asset Lifecycle Intelligence division at Hexagon
bio: Marcus Haynes is a seasoned digital strategist with extensive experience in driving digital transformation and accelerating business growth through the adoption of digital technologies. He is passionate about helping organizations leverage the latest digital tools and technologies to create innovative solutions that drive measurable business results.
For more information, contact Hexagon here: www.hexagon.com
