The engineering and construction (E&C) industry is clearly at an inflection point with technology. Often dubbed “the dawn of the digital era”, technical development and adoption are accelerating as organizations embrace new tools to stay competitive.
The internet of things (IoT), artificial intelligence (AI), augmented reality, autonomous vehicles, visualization tools, and other maturing technologies are playing a growing role in how projects are planned and delivered. This digital transformation is bringing new levels of productivity, safety, and the intelligence needed to improve decision making and enable the repeatability of success.
These technologies and more are helping organizations embrace innovation to address some of their most pressing business challenges, including:
• Maximizing the value of capital assets
• Improving project outcomes across the lifecycle
Several companies are showcasing current frontiers in innovation by leveraging digital transformation to imagine new and better ways of working, including Catepillar and DPR.
Caterpillar, a leader in providing automation solutions, operates the largest single fleet of fully autonomous Cat haul trucks in the world. The company plans to collaborate with technology providers to develop equipment that enables interoperability, communication across the enterprise, and integration with existing systems.
DPR Construction, a national technical builder, have also worked to develop a culture where creativity and innovation can flourish. This is helping the company leverage disruptive technologies to reimagine its jobsites and end-to-end business.
Charlie Dunn of DPR discussed the firm’s “innovation culture” and related quest to drive new levels of productivity. He focused on innovation in construction techniques – such as the company’s work to pursue a strategy of building and inspecting on the ground and then flying modules into place – and how Oracle’s Primavera P6 Enterprise Project Portfolio Management helps to support its goals.
Dunn’s presentation also explored the role of play in sparking innovation. Technologies such as 4D modeling and virtual/augmented reality can create an atmosphere where play is okay, he explained, noting that this mindset helps enable transformation.
Read more about innovative ideas emerging within construction and engineering in our "Navigating the Future of Projects" report from Oracle Industry Connect.