TOMORROW IS HERE: THE FUTURE OF BUILDING THINGS
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1 TOMORROW IS HERE: THE FUTURE OF BUILDING THINGS George White CEO & Co-Founder George White CEO, Co-Founder Dean Bowman, PE Bentley Fellow Kevin Halter Director Of Western U.S
2 TOMORROW IS HERE: THE FUTURE OF BUILDING THINGS George White CEO, Co-Founder
3 TRANSPORTATION INFRASTRUCTURE IS FUNDAMENTAL TO OUR WAY OF LIFE. Why we do what we do
4 MEGA TRENDS SHAPING THE FUTURE Massive financing need trillion of investment $3.6 needed by 2020 Aging Infrastructure average age of streets and highways in U.S. 28+ Bigger, more complex projects underground boring 2mi Alaskan Way Viaduct Sources: ASCE; Bureau of Economic Analysis; Press Reports; Q13Fox
5 MEGA TRENDS SHAPING THE FUTURE Sustainability Requirements of solid waste in U.S. is produced 50% by construction industry Resource scarcity consumer of global raw materials No.1 is the construction industry Slow permit and approval process $1.2tn of infrastructure would be added by 2030 if all countries committed to specific time limits for approvals Sources: World Economic Forum; The Boston Consulting Group
6 MEGA TRENDS SHAPING THE FUTURE Resilience Challenges 3x as many disasters reported last year as in 1980 Talent and aging workforce leaving of employees eligible for 50% retirement by 2018 Sources: Press reports; World Economic Forum; The Boston Consulting Group
7 Managing Risk Through Asset Life Planning Design and Engineering Construction Operations
8 Managing Risk Through Asset Life (Time, Quality, Cost) Ease of change Frequency of changes in traditional process Cost of change Planning Design and Engineering Construction Operations Source: Adapted from World Economic Forum; The Boston Consulting Group
9 OPPORTUNITIES TO EVOLVE
10 OPPORTUNITY TO CONNECT SILOS
11 Core Enabling Technologies Life Cycle Integrations User interfaces + applications Software platform + control Digital/physical integration Technology Integration Technology Integrations Big Data / Analytics Simulation and V/R Mobile and A/R BIM / Cloud Ubiquitous Connectivity / Tracking LIDAR / 3D Scanning UAV Automation Embedded Sensors Cybersecurity Planning Design and Engineering Construction Operations Sources: World Economic Forum; The Boston Consulting Group
12 Opportunities Enabled By Digital User interfaces + applications Software platform + control Real-time data sharing, integration, and coordination across stakeholders Digital/physical integration Data-driven construction planning and lean execution New fabrication methods Automated and autonomous construction Rigorous construction monitoring and surveillance
13 Real-time Strategic Project Inspection Inspectors Documents and Approval Workflows Archival and Audit Project Engineer Resident Engineer 13
14 Benefits To Be Realized Office building Highway Power plant Impact on life cycle cost (%) -15% -16% -12% Design and engineering ±0% ±0% -5% Construction -12% -19% -14% Operations -18% -10% -10% Impact on construction time (%) -30% -23% -15% Source: IHS; The Boston Consulting Group
15 Benefits To Be Realized Highway Impact on life cycle cost (%) Design and engineering Construction Operations Impact on construction time (%) -16% ±0% -19% -10% -23% $24.1 Billion Annually Source: CBO Public Spending on Infrastructure March 2015 (Highway/Transit/Ferry)
16 The First Step Is Digitization Access to Field Documentation Construction Inspection Pay Estimate Change Orders Material Certification/ Testing Audit/Search Project Completion Design Bidding Contract Award/Notice to Proceed Cloud SaaS Services
17 e-construction Establishes The Path Access to Field Documentation Construction Inspection Pay Estimate Change Orders Material Certification/ Testing Audit/Search Project Completion Design Bidding Contract Award/Notice to Proceed
18 The catch? Expectations vs. Reality Desired State Current State Time to Adopt ROI Potential 30% ROI Potential Time to Adopt Value Lost ROI Time to Adopt/Fail Time 70% Source: John Kotter International 18
19 Connected, Open, Integrated Environment
20 CHALLENGE THE STATUS QUO
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