Category: Business

Data, analytics, and business intelligence have started being discussed more in the construction industry as organizations witness the benefits other industries are realizing from these technologies. The construction industry that is already reeling under productivity shortages has realized that turning towards data and taking a data-driven approach towards decision-making, problem-solving and risk management may well […]

The evolution of digital technology has encompassed almost every industry. With different tools and equipment, construction project leaders work on finding ways to leverage construction technology and make the work more efficient. While the consumers might not be aware of it, most construction companies now address the increasing construction demands by adopting the latest technology. […]

A rather unusual, but unsurprising finding in a recent survey of finance teams outlined the predominant sentiment that “everything” about legacy financial systems is bad — software, workflow, and culture. Fundamentally, such viewpoints can be attributed to the lack of standardization and the adherence to a siloed approach that’s inherent in legacy financial systems. These systems are […]

Construction Project Management – An Overview Nations’ economic development and rising living standards of people are driving changes in the EPC industry. Further, rapid advancement in construction technology, digital solutions like Computer simulations, Computer-aided drawing (CAD), and skilled manpower – are all transforming the construction landscape. The construction industry deals with projects spanning agricultural, residential, […]

Most businesses today have operational or financial systems in place. However, these often exist in silos and while they get a specific job done, they are not well-suited to scaling business outcomes. This is because every business needs a consolidated view of performance across departments and units. This makes it essential to have a solution […]

The cloud has been a formidable technology to help businesses improve business outcomes. The cloud is driving productivity, enabling better collaboration, improving resource utilization, and reducing costs. Almost every industry today, be it healthcare, banking, retail, etc. is moving to the cloud to leverage the wave of efficiency it promises and to add competitive advantage […]

“When a Good Mobility Idea Becomes a Management Nightmare” reads the title of a blog posted by SAP in 2013. Fast forward to today, and it accurately describes the case for the over-enthusiastic application of point solutions in the EPC industry. Given the rise and rise of mobile apps, we are starting to see more and more […]

The Current State of EPC Industry & Need for Digitalization A digital transformation in EPC industry is necessary. Due to the fragmented and decentralized nature of EPC companies, working in traditional methods of data collection, daily logs and communication have historically produced delayed progress, a lack of communication among stakeholders and outdated data. Despite calls […]

We all know how labor-intensive and time-consuming operations tend to be in the EPC world. We also know how vulnerable they are to human error given the scale and the scope for confusion. In the quest to find little fixes to big problems, organizations are sometimes inclined to turn to point solutions, unconnected, stand-alone software that has […]

The Engineering, Procurement, and Construction (EPC) industry has its own set of unique challenges. Complex and often volatile operational environments are commonplace and now the pressures to improve competitiveness in a tightening market are also rising. Many organizations in this industry are turning towards digital solutions to move towards a brighter future characterized by high-quality […]