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Smarter Built Environment & Infrastructure – Promises and Pitfalls

18-Oct-2018
Industry 4.0 Theatre
Industry 4.0

For the modern organisation, dealing with large quantities of data is part of regular business, and this is no different for the Property & Construction firms who plan, erect and manage the built environment in which we live and work. From project planning, cost and contractor management to portfolio analysis, predictive analytics and scenario testing, each activity (and its respective processes) generates masses of data which needs effective analysis in order to generate value for the organisation. The challenge of reducing costs and increasing efficiencies, all while measuring the current and future impact on the business, is only possible when you have a trusted, single version of the truth that spans both operations and finance. Point solutions, existing in isolation of each other, are no longer sufficient to provide a holistic view of your assets and operations. To succeed in this data driven society, you need to be both agile enough to adapt rapidly to change as well as having tighter control of the financial performance of your operations. Most often the link between business systems is spreadsheets, which are prone to error through their disconnection from source data and lack of workflow control over their manipulation and dissemination. In the cases where the links between data sources are automated, it is usually a complex setup which is heavily reliant on IT and development teams, greatly reducing the decision makers’ ability to discover actionable insights in a timely manner, when they could have been making the greatest impact.

Join to discuss collectively on how to efficiently analyse, simulate, plan and execute, the need of a centralised platform approach solution that makes sense of their many data sources and provides decision-making support rather than a reactive ‘alert center’.

 

Speakers
Manish Gajbe, Head - Digital & Domain Solutions, Engineering, Construction & Operations Business - Wipro

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