It's clear that engineering and construction is in a new era, with technology rapidly changing how companies design, plan, and execute projects. E&C spends an impressive $10 trillion on construction-related goods and services each year, and is “ripe for and capable of transformation.”
Several intrepid innovators are helping to drive transformation in this evolving E&C landscape. We recently started a blog series exploring frontiers in construction and engineering, in which we sit down with these “trailblazers” to explore their perspectives on fostering innovation and the transformation of E&C.
Many business leaders in the industry are still reticent to change their ways and plunge into modernizing technology. Fear is a powerful driver to stick with what’s comfortable and known.
But shaking up one’s own business may be the only option for organizations who don’t want to be left behind.
According to Forbes, technological evolution starts with: 1) the technology and vision, 2) tech capabilities, and finally, 3) holding organizations accountable to glean value from their technological investment.
The last step is often the most challenging. The construction and engineering industry is currently tackling this final step with digital transformation.
Fortunately, an increasing number of construction leaders want to stay ahead of the competition. These companies are embracing digital technologies to help mold our industry’s future.
Stay tuned as we continue to speak with innovative industry leaders in our Trailblazers series.
Explore innovation in action at the Oracle Construction and Engineering Innovation Lab, a simulated worksite with integrated technologies.
Explore how you can deliver project success with Oracle Construction and Engineering.
Read more Trailblazers posts here.
Corie Cheeseman is a senior content marketing manager for Oracle Construction and Engineering.