Industry Tip : Integrated Construction

by   |    |   3 minutes  |  in Asset Intensive, Construction and Contracting, Engineering and Infrastructure, Transform Your Business

The engineering, construction and infrastructure industry is facing huge disruptive changes. We are at an inflection point, and need wholesale change right now. Global construction productivity has improved about a quarter of the rate of manufacturing productivity since 1995. When we look at rich countries like Germany, France and the United States, things are much…

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Biggest Barrier to Mining Transformation

by   |    |   4 minutes  |  in Asset Intensive, Strategy, Transform Your Business

Systems fragmentation is the single biggest barrier to business transformation and innovation we see in the mining industry. Most companies have no single source of truth providing timely and reliable data about the business and no single platform to standardize processes consistently across the organization. Instead, fragmented software applications landscapes are common. Multiple enterprise resource…

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Digital Twins in Commercial Aviation

by   |    |   3 minutes  |  in Aerospace & Defense, Asset Intensive, Transform Your Business

Interest in digital twin technology is at an all-time high and the aerospace & defense industry is a forerunner in its adoption. This especially applies to the commercial aviation segment, where a digital twin of a whole fleet of assets can now be created thanks to technologies such as IoT and big data, advanced analytics…

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Mine Gold and Data

by   |    |   3 minutes  |  in Asset Intensive, Business Technology, Energy and Utilities, Transform Your Business

The mining industry is going through a period of renewal. But while the cost-cutting and downsizing is at an end, it’s not like the heady days of the boom, with seemingly unlimited access to capital for new projects. At this point in the cycle, new investments are being applied strategically with both a view to…

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MRO Airplane Image

by   |    |   4 minutes  |  in Aerospace & Defense, Asset Intensive, Business Technology

Fluctuating oil prices, labor skills shortage and more complex assets entering service are all part and parcel of this competitive environment that is 2019. Despite the growth in air travel demand bringing opportunities for airline operators, they will face challenges along the way. When looking at the technologies which will help operators maximize efficiency over…

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Oil Rig Digital Twin

by   |    |   3 minutes  |  in Asset Intensive, Business Technology, Digital Transformation, Oil & Gas, Transform Your Business

According to a recent report from EY analysing the Norwegian Oilfield Services in 2018, all oil and gas sectors will experience growth in 2019. This following a fall of nearly 2 percent in exploration and production drilling in 2018 – which EY also expect to grow by 10 percent in 2019. Industry growth and innovation…

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by   |    |   8 minutes  |  in Asset Intensive, Energy and Utilities, Oil & Gas, Transform Your Business

Renewables accelerating even faster than previously predicted, CX and UX driving innovation, a new generation of proactive consumers driving demand for more diversified energy, business and payment models: In 2019 energy and utility companies face the challenges of an industry rapidly diversifying, decentralizing and digitizing. The sure-fire way to keep up? Make sure you stay…

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by   |    |   7 minutes  |  in Asset Intensive, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Engineering and Infrastructure, Transform Your Business

2019 will see a digital leap forward as many construction companies explore implementing integrated business software into projects for the very first time. Tighter margins, global skills shortages and new industry entrants are all ramping up the pressure on traditional construction businesses to deliver greater productivity and more integrated, cost-efficient projects, on time, every time. PREDICTION #1:  50%…

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by   |    |   3 minutes  |  in Asset Intensive, Business Agility, Energy and Utilities, Transform Your Business

The cost-cutting and downsizing of the last few years in the mining industry is at an end. Now, with global demand for many commodities growing, mining companies and their ecosystem of suppliers are looking at how they can take advantage of this recovery – fast. Analysts are forecasting more investments than this industry has seen…

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Mining Maintenance Costs

by   |    |   6 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Service Management

Activity in Australia’s mining sector is accelerating, auguring well for exports and the broader economy, according to economic forecaster and industry analyst, BIS Oxford Economics. But with maintenance costs forecast to increase nearly 60 percent over the next five years now is the time to invest in systems to keep expenditure under control. According to…

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