Date / Time:
Friday, June 9, 2017 – 11:15 a.m. sign-in & networking with the speaker beginning at NOON ending promptly at 1:00 p.m.
Topic:
“Digitization Strategies for Engineering & Construction in the era of Industry 4.0”
Economists predict that the Fourth Industrial Revolution is set to cause fundamental disruption. Within the Engineering and Construction sector, a proliferation of data streams promises to provide new levels of diagnostic and predictive insight, both increasing efficiency and improving the likelihood of successful project delivery. However, a 2015 research project by MIT Sloan Management Review and Deloitte highlighted that, of the 18 sectors they studied, construction and real estate had the lowest level of digital maturity. Additionally, for this sector, the most significant barrier to digital progress was found to be the lack of an overall strategy.
If these trends continue without intervention, not only can we anticipate ineffective Project Controls characterized by unnecessary waste and inefficiency during project delivery, we can also expect many large, well-established organizations to be eclipsed by more nimble players who are willing to take advantage of new technologies.
Some of our industry’s leading companies are actively working to digitize their traditional practices but this is only delivering linear change. Digitizing existing practices largely restricts organizations to perform only Descriptive Analytics, simply automating data-gathering and traditional reporting. Exponential change and significant performance improvements can be enjoyed via practices that facilitate Diagnostic and Predictive Analytics. These approaches, combined with the aggregation of all related project data streams, will more effectively support data-driven decision making, not just during construction but, looping-back around in the lifecycle process, at program and project selection (i.e. when Funding Investment Decisions are made and all subsequent risk is framed).
This presentation will raise awareness and provide background information that will allow E&C companies to develop and lead an effective digital strategy in an era of Machine Intelligence and the Industrial Internet of Things.
Event Flyer: Flyer – Roundtable 170609
Speaker:
James Arrow
Lead Associate, Booz Allen Hamilton
Mr. Arrow is a Lead Associate at Booz Allen, a Project Management professional and Chartered Quantity Surveyor with more than 20 years of experience. He has a broad range of Industrial / Commercial Engineering, Procurement, and Construction (EPC) experience working with Fortune 500 contractors and Oil Majors, successfully delivering projects in a number of international locations and across a broad range of market sectors that include oil and gas, mining, power generation, government operations and IT Program Management. He is currently providing executive advisory support in the deployment of Enterprise Risk Management solutions for clients headquartered in Houston, TX. Recent experiences include the development of Risk Management capability improvement plans, the deployment of state-of-the-art risk analysis solutions including the development of network-enabled asset tracking platforms designed to enhance construction productivity planning and control on large capital projects.
Location & Parking:
Grand Hall in the Rice Ley Student Center Detailed campus maps are available on the web at http://www.rice.edu/maps/ or download the map here here. The Ley Student Center, located in the central part of Rice campus, is building number 45 on the campus map. The Central Campus Garage, which is the closest parking facility, is located at building number 53, to the left of the Ley Student Center across the street.
Rice University is a popular meeting location. In the remote possibly the underground parking is full, the second closest parking is the West Lot. Continue down the Laboratory Loop Road to the stop sign. Cross the street and the gate will be on the left. Be sure to bring an umbrella if the weather seems inclement.
The campus also offers a bus shuttle that runs about every 15 minutes as it loops the campus. Look for the bus stop signs to use or enjoy a short brisk walk!
Registration:
$25 per person for online registration and $35 per person for on-site registration – a boxed lunch will be served. $ 0 for Rice Students and $15 for Rice Faculty – registration required in advance. Online registration will close at Noon on Thursday, June 8, 2017. On-site registration is available on the day of the event for $35 per person.
Payment accepted online by credit card at time of registration.
In order to protect the privacy of the luncheon attendees, the list of attendees is not published or distributed.
This Roundtable qualifies for one (1) Professional Development Hour (PDH). Your email confirmation at completion of registration serves as your PDH and payment receipts. Paper receipts may be picked up at the registration desk at time of check-in.