{"id":33185,"date":"2025-11-11T09:51:11","date_gmt":"2025-11-11T17:51:11","guid":{"rendered":"https:\/\/essential.construction\/news\/leverage-data-to-contextualize-competitive-construction\/"},"modified":"2025-11-11T09:51:11","modified_gmt":"2025-11-11T17:51:11","slug":"leverage-data-to-contextualize-competitive-construction","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/leverage-data-to-contextualize-competitive-construction\/","title":{"rendered":"Leverage data to contextualize competitive construction"},"content":{"rendered":"

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Empowering an Autonomous Future<\/h4>\n

Digital engineering and the associated data are transforming the construction industry by enabling organizations to deliver on safety, quality, efficiency, productivity and ultimately projects that are on schedule and budget. Data provides the ability to apply a holistic, consolidated single source of truth that simplifies complex processes and supports best practices, e.g., advanced work packaging (AWP) and BIM. In turn, this enables all levels of the organization and ecosystem partners to achieve complete visibility of all aspects and details affecting the execution of projects. This helps to improve decision-making, collaboration and with establishing a foundation for successful asset and facilities management during the operations and maintenance (O&M) phase of the facility.<\/span><\/span><\/span><\/span><\/p>\n

In the face of recent inflationary pressures eroding project margins, profitability and supply chain disruptions, we have experienced domestic market consolidation. Adding to this is talent shortages, the entrance of overseas players and businesses having to compete to win projects. The construction industry is under ever-increasing pressure to drive competitive advantage. Instead of driving prices down, the savvier in the industry are choosing to win and profit in other ways. For example, delivering safety, quality, efficiency, and productivity through projects that are on schedule and on budget or that are profitable by improving the complex operating environment.<\/span><\/span><\/span><\/p>\n

Many industry leaders within construction are looking for new ways to claim a competitive advantage with digital transformation. With the construction phase of projects equating to approximately 80% of an asset\u2019s total installation costs, this phase is our biggest opportunity to affect the schedule and budget positively.<\/span><\/span><\/span><\/p>\n

The ability to apply a holistic, consolidated single source of truth that simplifies complex processes and supports best practices (e.g., advanced work packaging and BIM) enables all levels of the organization and ecosystem partners to achieve complete visibility of all aspects and details affecting the execution of projects, improving decision-making and collaboration.<\/span><\/span><\/span><\/p>\n

Hexagon\u2019s Smart Digital Reality\u2122 for industrial assets meets industry challenges head-on. The solution is infused with intelligence to automate processes and analytics Coupled with reality capture and automated work processes, Hexagon\u2019s Portfolio Project Planning, Design, Construction, Operations and Maintenance software solutions can remove human errors and the need for intervention. This helps businesses to leverage an autonomous future.<\/span><\/span><\/span><\/p>\n

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\u00a0Great examples of data and digitizing are:<\/span><\/span><\/span><\/p>\n

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  1. \u00a0Technip Energies uses EcoSys\u2122 to enable the progressive digital transformation of project control processes<\/a><\/span><\/span><\/span><\/li>\n

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  2. Insights from Ausenco achieving sustainability and efficiency with digital transformation<\/a><\/span><\/span><\/span><\/li>\n

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  3. This oil refinery that was able to track 2,000,000 materials with Hexagon\u2019s Jovix\u00ae solution for timely materials management<\/a> <\/span><\/span><\/span><\/li>\n

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    Hexagon helps remove the complexity from complex projects. Digitization and data visualization provide decision-makers with a new level of transparency to make informed decisions with velocity, enabling engineering, procurement and construction companies (EPCs) and general contractors to achieve their preferred status and remain competitive.<\/span><\/span><\/span><\/p>\n

    Hexagon is the global leader in digital reality and autonomous solutions with a mission of putting data to work to enable autonomous, connected ecosystems that boost efficiency, productivity and quality. Hexagon\u2019s Asset Lifecycle Intelligence division offers a suite of solutions that span the entire lifecycle of a project – from planning, design and execution to operation, maintenance and the security of assets.<\/span><\/span><\/span><\/span><\/p>\n

    About the Author: \u00a0<\/strong><\/span><\/span><\/span><\/h4>\n

    Marcus Haynes<\/span><\/span><\/em><\/strong>, Senior Manager, Digital Strategy Acceleration \u2013 Hexagon\u2019s Asset Lifecycle Intelligence division<\/span><\/span><\/em><\/span><\/span><\/span><\/p>\n

    Bio<\/span><\/span><\/em><\/strong>: Marcus Haynes is a seasoned digital strategist with extensive experience in driving digital transformation and accelerating business growth through the adoption of digital technologies. He is passionate about helping organizations leverage the latest digital tools and technologies to create innovative solutions that drive measurable business results.<\/span><\/span><\/em><\/span><\/span><\/span><\/p>\n

    For more information, contact Hexagon here:<\/em><\/strong> www.hexagon.com<\/a><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

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