The economic impact of Covid-19 has substantially increased the financial stress facing the Gulf construction industry. The disruption to project supply chains is delaying work, while a slowdown in spending is putting pressure on the cash flows of most contractors and manufacturers.
Construction companies must find ways to reduce their costs and increase operational efficiency if they are to survive the Covid-19 crisis, and remain competitive in the post-Covid market.
With the construction industries in the region still heavily dependent on paper-based and site-based processes, there is a significant opportunity to make greater use of digital data technology to reduce costs on projects, increase productivity and improve safety.
Huge volumes of data are generated on construction sites every day that can be harvested to provide valuable insights on how to improve project delivery, quality and safety.
From the early planning stages through to asset operation, data collected by digital wearables, mobile devices and sensors on equipment and materials can be used to improve productivity. Robots and automated machines can be installed on sites to reduce workforce requirements on site, while parties can collaborate remotely through cloud-based platforms..
Effective use of available data can help mitigate current and future risks, and in turn reduce costs and time spent on a project.
But, what data should be captured? How much data should be captured? Who is accountable for this data? And perhaps most important of all, how can this data be converted into actionable insights?
In an exclusive webinar on 25th June by MEED and Oracle Construction & Engineering, our expert panel will discuss how construction companies can implement digital data solutions to enable better decision making, minimise risks and predict future outcomes.
Key discussion points:
- Understanding the challenges facing construction companies
- Understand how data tools can increase productivity
- Learn about what should be captured and how it should be managed
- The impact of technologies such as Big Data, IoT sensors, robots on site and AI
- Utilising data to mitigate risks and to enhance productivity
- David Philp, Global BIM/ IM Consultancy Director, AECOM
- Abdelaziz Kamel, CIO, Elsewedy Electric
- Sherief Elabd, Director – Strategy and Innovation, Oracle Construction and Engineering
- Richard Thompson, Editorial Director, MEED
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