Case Study
Evaluating digital trends transforming the Engineering, Procurement & Construction Industry
For a multinational construction company
Business need
- A global construction company wanted to understand the digital trends across various nodes of its value chain in order to overhaul its operations.
- It wanted to get a rounded view on the digital trends, supporting trends, statistics and case examples for various technologies in the global EPC Industry (covering engineering, construction, fabrication, manufacturing, maintenance and project management services).
To understand various trending technologies and opportunities in the global EPC Industry
The client outlined two key reasons for selecting RocSearch:
- Our ability to identify innovation opportunities through technology scouting
- Our flexible client-centric engagement models
Approach and Methodology
- For each of the industry verticals, RocSearch outlined the processes in the value chain, with a comprehensive coverage of data standardisation and governance in construction projects, project management and estimation of time/material, market dynamics and spend analytics.
- We provided an assessment of industry trends along with their relevant indicators and case studies across the focus industry.
We deep dived into trends across 11 disruptive technologies such as semantic technology and artificial intelligence (AI), intelligent apps and analytics, digital twins, cloud to the edge, strategic digital transformation, internet of things (IoT), robotic process automation (RPA), immersive experience, blockchain and gamification.
- For each of these technologies, we covered their applications, drivers, challenges providing examples from the focus industry, illustrating how companies had applied these technologies to their advantage.
- Impactful success stories for each of the 11 technology-focused reports
- Assessment of how various industry players have been leveraging these trending technologies to drive their productivity and efficiency of processes
- Technology and product identification for acquisition and implementation
- Insights around strategic trends, planning of digital talent, learnings on best practices for effective digital adoption
The extensive technology scan, trending applications and success stories in the EPC industry enabled the client to drive an effective digital adoption strategy and substantially accelerate productivity