CEO Today Magazine December 2018 Edition

www.ceotodaymagazine.com 19 Scaleable Responses to Infrastructure Innovation factories skilled craftspeople using locally sourced materials, deploy very advanced machinery to produce mass customised components. This saves time, improves logistics and means that manufacturing can be fine-tuned to current project circumstances. As robots become more advanced, they will interact with Construction Labs generating, moving and installing both new and replacement building parts. Using Construction Labs means that production can be scaled to precisely match project progress. Advancing Society Multi-discipline collaboration platforms also help infrastructure projects attract investment capital. Investors demand openness and transparency because they know they can reduce financial, reputational and political risk by ensuring project information is available to all parties in the formats that serve them best. Investors also want to see rapid completion so they can beat competitors to revenue streams. Being armed with this type of information provides an important competitive advantage together with the surety of more successful project outcomes. Many investors therefore encourage verified knowledge sharing to achieve collaboration with governments, contractors and the public. Using a unified, scaleable cloud-based information system to align objectives among diverse groups ensures that any number of parties are connected to and can simultaneously collaborate to innovate around current designs and associated information in meaningful ways. The next logical step for major infrastructure projects is to deploy technology that reduces fragmentation, unifies documentation, and thereby harmonizes and accelerates design and construction, flexibly, at any scale. That is beingachievedby introducing collaborative working practices based on assured components and optimised construction methods. Turning verified data into accessible knowledge by this means delivers better operational efficiency and improved financial returns for infrastructure investors, stakeholders and users. Increased demand for on- time, on-budget projects, coupled with a new focus on profits, is pressuring civil engineering companies to embrace efficiency and become more productive. The rewards for this industry transformation through engagement with new ideas leads to substantial financial and social benefits without costing an extra penny. 10 Tips for Infrastructure Innovation at any scale 1. Use engineering to discover and eradicate component and construction method problems 2. Assure on-time and on-budget delivery by optimising processes regardless of scale 3. Reduce supply chain fragmentation using a shared data platform 4. Real-time knowledge sharing cuts waste and errors 5. Verify designs digitally before physical work commences 6. Look at manufacturing to understand vertical integration 7. Deploy 3D digital twins to better understand the project 8. Use On-site Construction Labs to flexibly produce mass-customised components 9. Introduce transparency for investors using collaborative technology 10. Align diverse groups on the cloud The King Abdullah Financial District Metro shown in 2038