By Sylvie MacKenzie, Director, Marketing-Oracle on Aug 08, 2014
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It's hard to dispute that this year's Oracle OpenWorld was anything short of spectacular. Oracle Team USA staged an unprecedented comeback to defend the America's Cup, and the first Construction and Engineering Summit at Leaders Circle @ OpenWorld was attended by more than 80 C-level attendees from many of the industry's leading global owners, contractors, and engineering, procurement, and construction firms.
Mike Sicilia, Oracle Primavera's GM
and SVP, kicked things off with a compelling review of how Oracle technologies
continue to strengthen and service engineering and construction (E&C) work
across the globe. Mike was followed by Graham Robinson from Global Construction
Perspectives, who shared his findings from their recently released Global
Construction Perspectives Forecast through 2025.
Leaders Circle sponsor Wipro discussed a well-received E&C integrated solution platform built with Oracle technology that helps companies continue to transform their operations and streamline execution. Oracle customers Chiyoda, COSEA/VINCI, Lend Lease, and the Los Angeles Department of Power and Water then shared their stories of how they've leveraged Oracle technology, the challenges they faced, the solutions they implemented, and the benefits they've received from their partnership with Oracle.
What struck me about this year's
event can be summarized in one word: specialization. Atul Gawande (a
general surgeon and author of numerous magazine articles and several books,
including The CheckList Manifesto)
positions the following hypothesis: As information increases, the need to
specialize is required.
What does this have to do with E&C? Think of it this way. The age of the Master Builder is no more. There is simply too much information for any one individual to intimately know. Projects, like today's aircraft, are too much plane for one person to fly.
As customers shared their stories of how they approached resolving their business issues, it was their focus on integration of these specialties and how Oracle has continued to invest in supporting these areas that made me realize not only how far technology in our industry has come, but how much more we still have left to do. And how critical adjustments can lead to extreme performance.
That's something Oracle Team USA did in the face of what appeared to be insurmountable odds. And given the forecast for E&C work through 2025, a focus on extreme performance will be required for the monuments to come.