FROM DATA TO ASSET, Achieving business growth via construction data management
Welcome to the recap of the highly anticipated 3rd Technical Session of AACEI Montreal Section, held on November 15, 2022, at the prestigious corporate headquarters of SNC-Lavalin in Montreal. This captivating event brought together industry leaders and visionaries to shed light on the current state of the construction industry and its potential for transformation.
The session commenced with an enlightening presentation by Chris Ovens, the esteemed CEO of AEDO AI, a leading company in the field. Mr. Ovens delved into the fascinating world of construction technology, comparing its progress with advancements in other industries. He emphasized that while venture investment in new construction technology has soared in the past decade, the industry itself has remained relatively untouched by digital innovation. Legacy systems, fragmented data management, and limited IT resources have hindered construction companies from fully embracing the benefits of cutting-edge technologies.
Key highlights from Mr. Ovens’ presentation include:
- Practical Framework for Business-Critical Data Insights: Discover how construction companies, regardless of their size or maturity, can develop invaluable data insights that drive business success.
- Outcome-Based Approach: Gain valuable insights into the strategies employed by companies to generate measurable business impacts through data analysis. Real-world examples will illustrate the effectiveness of this approach.
- Establishing a Culture of Impactful Data Insights: Learn how to cultivate a culture within construction companies that values and prioritizes the creation of meaningful data insights. This culture will be the catalyst for business growth and transformation through analytics.
- Transforming Data into a Strategic Asset: Understand the pivotal role data plays in the construction industry. Discover how to leverage data effectively to drive business performance and achieve long-term success.
In addition to Mr. Ovens’ enlightening talk, the session featured esteemed guests who shared their invaluable insights. Mr. Les Macmolen, Global Director of Project Controls at HATCH and Vice President of the AACEI Montreal Chapter, provided his expert perspective on the challenges faced by the industry during this period of transition. Mr. Hagire Emrani, leader of the Project Controls department of SNC-Lavalin Major Projects business unit, President of the AACEI Montreal Chapter, offered his unique insights, drawing from his experiences tackling real obstacles in construction projects.
The event began with thought-provoking opening remarks by Professor Mazdak Nik-Bakht, the esteemed chair of CSCE Construction Division. Prof. Nik-Bakht eloquently emphasized the immense value of data and the transformative power of Big Data Analysis in the construction industry. His words set the stage for an engaging and enlightening session that left attendees inspired and eager to drive change.
Prior to the main event, Mr. Ovens, CEO of AEDO AI Company, joined the Digitalization team at Compleccity Lab,Concordia University for a productive discussion. Together, we explored ongoing collaborative projects between Concordia University and AEDO AI, aiming to improve decision-making throught construction projects’ lifecycle.
Finally, If you happen to stumble upon any unsolved construction tech mysteries or have any interesting anecdotes to share, don't hesitate to reach out! I'm all ears and ready to crack the code (or share a good laugh). Together, let's navigate the exciting world of construction technology. Cheers!
