ISYX Tech­nolo­gies, Mi­crosoft show­case so­lu­tions to trans­form build­ing in­dus­try

Kuwait Times - - TECHNOLOGY -

DUBAI: ISYX Tech­nolo­gies, a fast-grow­ing busi­ness in­no­va­tion con­sult­ing com­pany in the Mid­dle East and Africa, suc­cess­fully held a joint work­shop with Mi­crosoft on the chal­lenges faced by the con­struc­tion and build­ing ma­te­ri­als in­dus­try. The event fo­cused on how spe­cific so­lu­tions pro­vided by ISYX Tech­nolo­gies us­ing Mi­crosoft Dy­nam­ics 365 can im­prove the pro­duc­tiv­ity of the in­dus­try play­ers on var­i­ous projects.

The key ob­jec­tive of the work­shop was how to fo­cus on the im­prove­ment of spe­cific project pa­ram­e­ters like sales au­to­ma­tion, sup­ply chain and delivery, ma­te­rial es­ti­ma­tion, project P&L man­age­ment, dash­board, KPI’s per project, re­source al­lo­ca­tion per project, ser­vice main­te­nance, amongst oth­ers.

“While con­struc­tion is im­por­tant for the world econ­omy, it has a poor record of pro­duc­tiv­ity. Con­struc­tion re­lated spend­ing ac­counts for 13 per­cent of the world’s GDP, but its an­nual pro­duc­tiv­ity growth has only in­creased by 1 per­cent over the past 20 years. There are two char­ac­ter­is­tics linked to the lack of au­to­ma­tion and in­no­va­tion in the con­struc­tion in­dus­try. First, it is a highly frag­mented in­dus­try mak­ing in­te­gra­tion cum­ber­some, and sec­ond it is amongst the least dig­i­tized end-to-end, rank­ing just above agri­cul­ture and be­low hos­pi­tal­ity and health­care,” ex­plained Sha­roon Sham­sud­din, CEO, ISYX Tech­nolo­gies.

“Hav­ing other busi­ness ven­tures such as con­struc­tion and as­set man­age­ment, I cer­tainly see the po­ten­tial of a dig­i­tal fu­ture for the con­struc­tion in­dus­try, where the de­ci­sion-mak­ing func­tions will be moved to in­tel­li­gent soft­ware and the de­vices that run on it,” he added. The McKin­sey Global In­sti­tute has iden­ti­fied ten root causes for the low pro­duc­tiv­ity in the con­struc­tion in­dus­try. They in­clude three from within ex­ter­nal forces, three from within in­dus­try dy­nam­ics, and four from within firm-level op­er­a­tional fac­tors.

Some of these in­clude in­ad­e­quate de­sign pro­cesses, poor project man­age­ment, un­der in­vest­ment in in­no­va­tion and dig­i­ti­za­tion, in­suf­fi­ciently skilled su­per­vi­sory and front­line work­ers, amongst oth­ers. Clash­ing be­hav­ior amongst the var­i­ous con­struc­tion ecosys­tem play­ers is also re­spon­si­ble for the con­tin­u­ing low pro­duc­tiv­ity. Suit­able ac­tion in seven ar­eas can boost the sec­tor’s pro­duc­tiv­ity by an es­ti­mated 50 per­cent to 60 per­cent, in­clud­ing reg­u­la­tions, con­tracts, de­sign, pro­cure­ment and sup­ply chain, on­site ex­e­cu­tion, tech­nol­ogy and in­no­va­tion, and reskilling work­ers.

“Our so­lu­tions which are, built on the Mi­crosoft Dy­nam­ics 365 plat­form are meant to dig­i­tally trans­form the legacy project ap­proach preva­lent in this in­dus­try and boost gains for ven­dors, sup­pli­ers, con­trac­tors, con­sul­tants, and the end cus­tomer. The Mi­crosoft D365 so­lu­tion cov­ers an ex­tended col­lab­o­ra­tion model link­ing de­sign, con­struc­tion and op­er­a­tions. It cov­ers var­i­ous stages like dig­i­tal mockup, de­sign re­view, process sim­u­la­tion, project man­age­ment and fa­cil­ity man­age­ment. The so­lu­tion pro­vides a sin­gle place to un­der­stand the com­plete project per­for­mance in­clud­ing, port­fo­lio anal­y­sis, project progress anal­y­sis, punch list anal­y­sis across projects, cash flow, EVA, and other vari­ables,” added Shiva Kathire­san, VP Ap­pli­ca­tions, ISYX Tech­nolo­gies.

D365 is com­pletely project-cen­tric and is a work-break­down struc­ture, driven so­lu­tion. It cov­ers ac­tual ver­sus bud­get vari­ance anal­y­sis, ma­te­rial vari­ance, la­bor vari­ance, cash flow anal­y­sis, EVA anal­y­sis, pro­jected cash flow over six­month pe­riod, project port­fo­lio anal­y­sis, amongst oth­ers. It pro­vides cov­er­age for ev­ery process of a project based or­ga­ni­za­tion. This in­cludes in­quiry, es­ti­ma­tion, quote, sales order, plan­ning, ex­e­cu­tion, cash, RFQ, pro­cure­ment, qual­ity, pay­outs, fi­nan­cial plan­ning, project dash­boards, work break­down and ac­tiv­ity alerts, work­flows and hand offs, knowl­edge base, field ser­vice man­age­ment, amongst oth­ers. Other so­lu­tion ca­pa­bil­i­ties in­clude BIM in­te­gra­tion, GIS and map in­te­gra­tion, aug­mented and vir­tual re­al­ity ca­pa­bil­ity, and IoT in­te­gra­tion.

Sha­roon Sham­sud­din

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