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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology
- 5. Advancing the Construction Industry Howsuccessful digital transformation reduces project risk
- 6. AGENDA 01 THE PRODUCTIVITYOPPORTUNITY IN CONSTRUCTION 02 CHALLENGES TO DIGITAL TRANSFORMATION 03 DIGITAL TRANSFORMATION TRENDS 6
- 7. The Productivity Opportunity inConstruction 01
- 8. The construction industryis entering its most profitable era in existence. What’s next… 20th Century Industrial Revolution 21st Century Structurals steel and reinforced concrete Bulldozers, Excavators, and CAD 21 Household machine learning BIM, PMS, Drones, Data Analytics 8 THE PRODUCTIVITY OPPORTUNITY IN CONSTRUCTION
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- 13. Vision Collaborative construction willmake the construction industry the most valuable industry in the U.S. 13 THE PRODUCTIVITY OPPORTUNITY IN CONSTRUCTION
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- 15. CHALLENGES TO DIGITAL TRANSFORMATION Theideal time to install improvements and new working methods is in the early days of the project. Investment Timing Construction companies are focusing digital transformation on control to reduce project risks at the expense of collaboration. Focus on Control Project professionals that manage to propel improvement efforts in their projects often struggle to scale their efforts across the entire project portfolio. Portfolio Implementation Projects have little incentive to act as the pilot for the benefit of future projects. Incentives 15
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- 18. AI-Powered Scheduling & Risk Prediction Interapplicationautomation of administrative workflows. Automated Document Processing Multi-application automation of labor-intensive workflows. Predictive Maintenance for Equipment & Tools User-friendly and accessible applications of artificial intelligence. AI-Powered Safety Monitoring Custom applications of artificial to maximize outcome impacts. Automated Cost Estimating & Budget Forecasting Project optimization technology that doubly wrangles data for machine learning. 18 Data Analytics & AI in Construction DIGITAL TRANSFORMATION TRENDS
- 19. 19 AI-Driven Cost Estimating 1.Faster & More Accurate Estimates 2. Real-Time Cost Adjustments Based on Market Data 3. Reduced Overruns & More Competitive Bidding 4. Improved Team Productivity & Efficiency 5. AI-Powered Risk Detection & Scenario Planning DIGITAL TRANSFORMATION TRENDS
- 20. 20 Predictive Maintenance 1. ReducedEquipment Downtime & Fewer Unexpected Failures 2. Lower Maintenance & Repair Costs 3. Longer Equipment Lifespan & Higher Resale Value 4. Improved Safety & Reduced Workplace Accidents 5. Increased Productivity & Project Efficiency DIGITAL TRANSFORMATION TRENDS
- 21. 21 AI-Powered Scheduling 1. AcceleratedProject Timelines 2. Optimized Resource Allocation 3. Proactive Risk Identification 4. Data-Driven Proposals 5. Real-Time Schedule Adjustments DIGITAL TRANSFORMATION TRENDS
- 22. 22 AI-Powered Safety Monitoring 1.Fewer Workplace Accidents & Injuries 2. Better Compliance with OSHA & Safety Regulations 3. Faster Incident Response & Emergency Management 4. Proactive Hazard Identification & Risk Prediction 5. Increased Productivity & Lower Insurance Costs DIGITAL TRANSFORMATION TRENDS
- 23. 23 Automated Document Processing 1.Faster Processing & Turnaround Times 2. Fewer Errors & Reduced Rework 3. Improved Compliance & Risk Management 4. Enhanced Collaboration & Visibility 5. Cost Savings Through Efficiency Gains DIGITAL TRANSFORMATION TRENDS
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