Unified platform blends construction
applications and data to help owners and contractors continuously
improve performance
AUSTIN,
Texas, July 19, 2022 /PRNewswire/
-- Engineering and construction organizations struggle to
unlock data across applications to effectively diagnose problems,
predict risks, and inform future actions. To address this
challenge, Oracle today announced Oracle Construction Intelligence
Cloud Analytics. The new solution combines data from
Oracle Smart Construction Platform applications to give owners
and contractors a comprehensive understanding of performance
throughout their operations. With this insight, organizations
can quickly spot and correct issues and target ways to drive
continuous improvement across project planning, construction, and
asset operation.
"You can't manage what you can't measure," said Roz Buick, senior vice president of product,
strategy, and marketing for Oracle Construction and Engineering.
"The new Oracle Construction Intelligence Cloud Analytics offering
combined with the Smart Construction Platform's predictive
intelligence engine and common data environment, gives our
customers a deeper, holistic understanding of their performance.
Now they can build unique data strategies that drive competitive
differentiation. This is how the construction industry will get to
six sigma precision like its industrial and manufacturing
counterparts."
The Smart Construction Platform unites capabilities from Oracle
engineering and construction applications and third-party solutions
with a common data environment and user experience. With the
platform, owners and contractors can more easily work together to
improve decision-making at every level of their organizations. The
new analytics solution and other platform enhancements were
unveiled today at the Oracle Industry Lab in Deerfield,
Illinois.
"We are increasingly focused on finding new and better ways to
leverage our data to gain further insights into project performance
and risk," said Brian Neal, project
manager, Rudolph Libbe Inc. "Connecting and blending data for
analysis will provide the broadest and deepest view into our
operations, helping us to understand trends across our business and
identify ways to keep improving how we deliver projects for our
customers."
Smart Construction Platform: Unifying people, processes, and
data
The Smart Construction Platform brings together the core
applications, processes, and data that owners and contractors need
to work together across project and asset lifecycles. These include
portfolio planning, bid/tender processes, contracts, schedules,
project documents and building information model (BIM)
collaboration, field tasks, costs, and payments. With the new
unified experience, common data environment, and cross-application
interoperability, users can easily move between applications
and data sets while working within a single project.
By synchronizing activities, resources, and data as each
project and asset progresses, the platform helps ensure teams
across disciplines are always working toward the same goal, with
the same information.
For instance, the platform's scheduling and project management
capabilities synchronize planning and worksite teams around a
master plan, giving both visibility into a unified schedule and the
task data needed to do the right work in the right place at the
right time. So, if an HVAC installation should change because of a
supply chain issue, the project manager will automatically receive
the updated schedule information and can coordinate any needed
adjustments across all impacted teams.
Likewise, the platform gives capital planners accurate, timely
data on project forecasts so they can align with managers on budget
requirements and adjust as strategic priorities change. For
example, inflation doubles the costs of a required set of materials
on a project. The project manager can push those new actuals and
forecast up to the planner who can perform just-in-time changes to
the portfolio, possibly pulling funds from a less important
project, or putting a project on hold.
And as the platform continually learns and gets smarter using
machine learning technologies, it will take these past actions into
consideration to flag potential risks and guide more informed
decision making in the future. These are just a few of the many
connected experiences the platform can deliver by:
- Providing up-to-date schedule data to project managers so they
can keep teams aligned to planned delivery dates and other schedule
requirements
- Uniting planning (CPM schedule) with worksite teams (task
schedule) to minimize wasted time and resources
- Letting capital planning and project execution teams exchange
budget and actual cost data, enabling both teams to confidently
adjust as work progresses
- Automatically storing completed bid/tender packages as well as
approved invoices and other payment materials in organizations'
document registers
- Giving all stakeholders visibility to collectively track
progress, identify and mitigate risks, and efficiently manage
change across the entire supply chain
"Oracle has helped us improve coordination, visibility, and
control during project development," said Weronika Nowak, document control and IT manager
for Mayflower Wind. "The ability to further connect our teams,
processes, and data across applications and all project phases will
increase efficiency while providing our people with the information
needed to readily manage change as we work to deliver critical
energy assets."
Learn more about Oracle Smart Construction Platform and
Oracle Construction Intelligence Cloud Analytics.
About Oracle Construction and Engineering
Asset owners
and project delivery teams rely on Oracle Construction and
Engineering solutions for the visibility and control, connected
supply chain, and data security needed to drive performance and
mitigate risk across their processes, projects, and organization.
Our scalable cloud construction management software solutions
enable digital transformation for teams that plan, build, and
operate critical assets, improving efficiency, collaboration, and
change control across the project lifecycle.
www.oracle.com/construction-and-engineering.
About Oracle
Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle
Cloud. For more information about Oracle (NYSE: ORCL), please visit
us at www.oracle.com.
Trademarks
Oracle, Java, and MySQL are registered
trademarks of Oracle Corporation.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/oracle-enhances-smart-construction-platform-with-new-analytics-capabilities-301588560.html
SOURCE Oracle