Many have commented on the stagnant productivity and the state of digitalisation in the industry. The challenges we face ranging from increased demand to limited financing, climate change, and Covid-19 makes these problems more prominent than ever.
Over the last few years, this has led to increased adoption of software in construction to improve performance, and advocates for emerging technologies ranging from AI to digital twins and robotics.
When it comes to digital, we strongly believe that getting the fundamentals right is just as important. If we go to any portfolio, project or organisations the following is still all too common.
Information is disconnected and siloed: The average professional currently uses 7 software applications in their work that do not connect to each other.
Information is handled and processed on an ad-hoc basis manually: Professionals have to perform routine tasks that involve reconciling and processing information for decision making and controls.
This isn’t a problem that is unique to any single function in the lifecycle of an asset/project nor is it unique to any sector. It is a cross-sector problem that is capping the productivity of the industry in many ways - be it through time-consuming labour-intensive processes, costly mistakes, or delays. We’ve seen it manifest itself in processes that range from payment application tracking to cost reconciliation and deliverable validation.
There are a host of ways that organisations currently go about solving these problems. The journey typically begins by better mapping out processes, KPIs and information requirements usually mapped out in excel or word. Increasingly, governmental initiatives such as the Construction playbook and supporting standards such as ISO 19650 are pointing the industry in a positive direction.
However, despite the number of tools that exist around BIM and project management, we have found that they typically have the following shortfalls:
To overcome these issues, at Morta we have developed a next-generation spreadsheet (ie. database) for construction, project and asset management. Morta can be used by organisations to improve data quality, connected data, and automate processes.
Over the last year, we’ve been stress-testing our offering with organisations across the supply chain and projects as large as $1.7Bn. By working with organisations across the supply chain, we have been able to take on a range of processes from information validation to payment application validation and achieve the following:
At Morta, we are working hard day in and day out to enable teams and supply chains to deliver successful outcomes. If you want to learn more about how we can help you, contact us here or comment below!