The Engineering, Construction and Operations industries are working to turn concepts into tangible realities in today’s changing environment, no matter whether you are bridging gaps, reaching new heights, or achieving net zero. Also, they always prioritize completing the client’s job safely, promptly, and within budget among these other goals. To manage projects, lower risks and maintain competitiveness in this situation, EC&O companies require an integrated platform that supports the entire construction lifecycle. So, to confidently build your business, rely on sophisticated and intelligent software.
Thus, digital transformation is the only journey and you need a set of established strategic priorities to achieve all the goals. So, this article discusses industry-specific features for the engineering, construction and operations industries offered by RISE with SAP’s Business Transformation Service.
Let us begin by defining strategic priorities and their benefits for the engineering, construction and operations industries!
Digitalization of Commissioning and Handover
The Engineering, Construction, and Operations organizations must accomplish one of their strategic targets, “Digitalization of Commissioning and Handover” by the end of the 2025 vision in order to undergo a digital transformation.
To understand this strategic priority in detail, let’s consider a real-time example on how two different companies communicate to the entire network.
To realize their vision of 2025, MMM Industries had to coordinate the design, implementation, and operation of creating robust and intelligent products with a variety of partners. This was a significant task, but due to multiple data silos, there was a lot of conflicting data. As a result, all calculations and design constructions took time, were difficult, and were frequently insufficient to manage all organizational tasks.
In the case of PPP Industries, the digital twin concept gave everyone access to a reliable data source for the building object at any time. Real-time analytics were accessible to all employees, allowing for the fusion of various data sources. The entire organization were connected through a single platform, which has made it easier for them to manage several trades. This network enabled them to receive immediate updates with data handover to happen automatically.
In conclusion, MMM industries had isolated, individual systems that left a lot of information out. While PPP industries have a central system with current, accurate, and transparent data.
Now you may be asking, “How can RISE with SAP helps us?”. Here are the primary business capabilities they offer to assist you in reaching your objectives:
- Streamline the transfer of data and models from the construction phase to the operational phase.
- Utilize the idea of a “digital twin” to run the facility more economically and effectively.
- By switching from multistep, batch-driven procedures with latency to real-time processes with actionable insights and real-time availability, it is possible to harmonize many data sources.
- To more efficiently manage many trades, maintain version control and work with the same source.
- Allowing data transfer to clients to happen automatically without any further effort.
Top Value Drivers
The major value drivers in the engineering, construction and operations companies post successful deployment of SAP S/4HANA are:
- 20%‒30% Decrease in the productivity of finance FTE
- 10%‒20% Audit cost is reduced
- 3.5 days fewer along the cycle of process approval
(Note: Data was taken from SAP’s statistics)
To summarize, conclude making SAP S/4HANA your primary system will be a better choice for a more flexible, agile and effective organization as it also comes with regular partner updates.
To know more about how SAP S/4HANA or about other solutions that can help enterprises in engineering, construction and operations companies, do get in touch with us!