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Digital Transformation in the Engineering, Procurement and Construction (EPC) Industry

How EPC Companies Can Turn to Technology to Deliver Projects in the Face of Labor Shortages

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logs and communication have historically produced delayed progress, a lack of communication among stakeholders and outdated data.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 for digital EPC processes and systems, many companies are still collecting manual timesheets and paper daily logs and receiving reports that aren’t based on real-time data in the field. Construction projects are one-of-a-kind and utilize new teams of project managers and contractors, making it harder to implement digital EPC processes and solutions.

What is Digital Transformation & How it Can Play Role in the Growth of EPC Industry

While a digital transformation in EPC industry may appear challenging, implementing digital EPC processes and solutions is achievable. First, it’s important to understand what exactly this means. And, it’s simple. Digital transformation is incorporating digital technology in the construction industry’s. For construction industry digitalization, adding new digital tools and processes improve efficiency, produce high quality project on time and promote collaboration between all stakeholders, whether they are in the field or the office.

Top 3 Challenges in EPC Digital Transformation

1. No Standardized Mode

Standardization must be part of the digital transformation in EPC industry. But in today’s construction field, there are so many stakeholders involved in the project that everyone on the job site is doing their own thing and processing their data and progress on different legacy systems. This makes it impossible to gain real-time visibility of a project and leads to wasted time, cost and frustration. There’s a significant lack of digital technology in construction industry because of all of the“ point solutions” and varying needs within a construction company. Instead of relying on digital EPC process that connect all processes and systems in the field, data is not available and companies miss an opportunity to work cohesively and efficiently. For digital transformation in EPC industry to be successful, companies must standardize their processes for all of their construction-specific challenges.

2. Disconnected Systems

In order for companies to go through a digital transformation in EPC industryIt’s impossible to communicate progress upgrades, late deliveries and change orders or overall ROI of large-scale investments through outdated manual tools, like spreadsheets. Companies that embrace change and undergo a digital transformation in EPC industry empower contractors to make better decisions. When EPC companies don’t share information in real-time, they leave contractors, project managers and additional stakeholders unaware of their project process and goals, which leads to poor resource management and communication. Equipment and manpower isn’t utilized fully as stakeholders make decisions with inaccurate, outdated status reports. When there’s poor visibility and poor communication, there’s mismanaged resources and frustration all around. Digital EPC process in construction that efficiently sharing project progresses, daily logs and predictive insights is critical., they cannot rely on manually synching data between systems. Today’s EPC companies are producing significant data with no single source of truth. Disconnected systems increase errors, lead to scattered decision-making and open up a company to greater risk. While there may be collaboration in the field, there is no collaboration between software, which leads to improved costs, slower turn-around times and poor resource management. Construction companies need digital EPC processes that integrate platforms and have project data flow seamlessly into one, central location for better reporting and documentation, quality assurance and control.

3. Incomplete visibility

It’s impossible to communicate progress upgrades, late deliveries and change orders or overall ROI of large-scale investments through outdated manual tools, like spreadsheets. Companies that embrace change and undergo a digital transformation in EPC industry empower contractors to make better decisions. When EPC companies don’t share information in real-time, they leave contractors, project managers and additional stakeholders unaware of their project process and goals, which leads to poor resource management and communication. Equipment and manpower isn’t utilized fully as stakeholders make decisions with inaccurate, outdated status reports. When there’s poor visibility and poor communication, there’s mismanaged resources and frustration all around. Digital EPC process in construction that efficiently sharing project progresses, daily logs and predictive insights is critical.

Role of Technology in the EPC Industry

The digital transformation in the construction industry improves a company’s culture and operations by using new digital tools to drive change and efficiency. In today’s competitive market, it’s no longer acceptable to rely on spreadsheets to measure performance. Rather, the digital transformation in the construction industry means using new digital EPC tools like Internet of Things, Mobile Technology, Big Data, Cloud services, Machine Learning and Artificial Intelligence to improve processes, be more efficient and profitable, and deliver smarter construction with insight into the future.

How Digital Initiatives can Redefining & Automate the Processes EPC Industry?

The digital transformation in EPC industry is pushing construction companies to adapt and gain the competitive edge needed to deal with global disruptions, while also tackle some challenges that have long plagues the industry. Digital technologies in construction mitigate risks, streamline operations, drive productivity and improve profitability. The benefits from digital EPC solutions, such as internet of things (IoT), artificial intelligence (AI) and robotics within worklows, can automate and optimize construction operations for quality project results, on-time and on-budget.

5 Critical Questions EPC organizations Should Ask before Embracing Digital

As your company considers embracing the digital transformation in EPC industry and integrate automation, software and other digital EPC solutions, companies need to look at five critical areas.

1. What digital EPC model is best for our construction company?

2. What is the threat and opportunity for digital transformation in the construction industry?

3. Are we organized and trained properly to ensure a successful implementation?

4. How can the digital transformation in EPC industry apply to my business and processes?

5. How can we guarantee that the digital EPC solutions will synch with future needs?

How Can CEM Business Solution Help

CEM Business Solutions empowers companies to achieve the digital transformation in EPC industry with initiatives and technology that that works best for them. We offer businesses with the best EPC digital solutions to achieve and exceed their business goals. We offer innovative digital technology in construction industry that are based on Microsoft Dynamics 365 and best-suited for U.S. Payroll, HR, Recruit, Union & Certified Payroll. Our trusted consultants evaluate, research, and implement digital EPC services for project-driven industries such as Construction, Energy, and Oil and Gas.

How Digital ERP solutions can help automate & simplify the complex EPC processes – Talk to CEM Business Solutions