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Isyx Tech discusses building industry challenges

ABU DHABI, July 23, 2017

Isyx Technologies, a fast-growing business innovation consulting company in the Middle East and Africa, recently held a joint workshop with Microsoft to discuss the challenges faced by the construction and building materials industry.

The event focused on how specific solutions provided by Isyx Technologies using Microsoft Dynamics 365 - a completely project-centric and work-breakdown structure, driven solution - can improve the productivity of the industry players on various projects, said a statement from the company.

The key objective of the workshop was how to focus on the improvement of specific project parameters like sales automation, supply chain and delivery, material estimation, project P&L management, dashboard, KPI’s per project, resource allocation per project, service maintenance, amongst others.

"While construction is important for the world economy, it has a poor record of productivity. Construction related spending accounts for 13 per cent of the world's GDP, but its annual productivity growth has only increased by one per cent over the past 20 years," stated Sharoon Shamsuddin, CEO, Isyx Technologies.

"There are two characteristics linked to the lack of automation and innovation in the construction industry. First, it is a highly fragmented industry making integration cumbersome, and second it is amongst the least digitized end-to-end, ranking just above agriculture and below hospitality and healthcare," he noted.

"Having other business ventures such as construction and asset management, I certainly see the potential of a digital future for the construction industry, where the decision-making functions will be moved to intelligent software and the devices that run on it,” he added.

The McKinsey Global Institute has identified ten root causes for the low productivity in the construction industry.

These include three from within external forces, three from within industry dynamics, and four from within firm-level operational factors.

Inadequate design processes, poor project management, under investment in innovation and digitization, insufficiently skilled supervisory and frontline workers are also among the root causes, stated Shamsuddin.

According to him, clashing behaviour amongst the various construction eco-system players was also responsible for the continuing low productivity.

Suitable action in seven areas can boost the sector's productivity by an estimated 50 to 60 per cent, including regulations, contracts, design, procurement and supply chain, onsite execution, technology and innovation, and reskilling workers.

Shiva Kathiresan, VP Applications, Isyx Technologies, pointed out that its solutions which are, built on the Microsoft Dynamics 365 platform, are meant to digitally transform the legacy project approach prevalent in this industry and boost gains for vendors, suppliers, contractors, consultants, and the end customer.

"The Microsoft D365 solution, covers an extended collaboration model linking design, construction and operations. It covers various stages like digital mockup, design review, process simulation, project management and facility management," explained Kathiresan.

"The solution provides a single place to understand the complete project performance including, portfolio analysis, project progress analysis, punch list analysis across projects, cash flow, EVA, and other variables," he added.-TradeArabia News Service




Tags: challenges | building industry |

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