Pointers at Glance
- Oracle introduces the Oracle Construction Intelligence Cloud Analytics platform by uniting data from Oracle Smart Construction Platform applications.
- Users can move quickly between applications and data sets while working within a single project with this new unified experience.
Oracle is launching the Oracle Construction Intelligence Cloud Analytics platform by combining data from Oracle Smart Construction Platform applications to give owners and contractors a comprehensive understanding of performance throughout their operations.
According to the vendor, this insight allows organizations to quickly spot and correct issues and target ways to drive continuous improvement across project planning, construction, and asset operation.
Roz Buick, Senior Vice President of Product, Strategy & Marketing for Oracle Construction and Engineering, said, “You can’t manage what you can’t measure.” The new Oracle Construction Intelligence Cloud Analytics, combined with the Smart Construction Platform’s predictive intelligence engine and standard data environment, gives the customers a more profound, holistic understanding of their performance.
Now they can build unique data strategies that drive competitive differentiation. This is how the construction industry will get to six sigma precision, similar to its industrial and manufacturing counterparts.
The Smart Construction Platform unites capabilities from Oracle engineering and construction applications and third-party solutions with a common data environment and user experience. Owners and contractors can more easily work together to improve decision-making at every level of their organizations with the platform.
The Smart Construction Platform combines the processes, core applications, and data that owners and contractors need to work together across project and asset life cycles. These include portfolio planning, contracts, bid/tender processes, schedules, field tasks, project documents and building information model (BIM) collaboration, costs, and payments.
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Benefits of New Unified Experience
With the new unified experience, common data environment, and cross-application interoperability, users can quickly move between applications and data sets while working within a single project.
The platform helps ensure teams across disciplines are always working toward the same goal with the same information by synchronizing resources, activities, and data as each project and asset progresses.
Similarly, the platform gives capital planners accurate, timely data on project forecasts to align with managers on budget requirements and adjust as strategic priorities change.
And as the platform continually learns and gets smarter using machine learning technologies, it will consider these past actions to flag potential risks and guide more informed decision-making in the future.
These are a few of the many connected experiences the platform can deliver by:
- Provide project managers with up-to-date schedule data to keep teams aligned with planned delivery dates and other schedule requirements.
- Giving visibility to all stakeholders to collectively track progress, identify and mitigate risks, and efficiently manage change across the entire supply chain.
- Uniting planning (CPM schedule) with worksite teams (task schedule) minimizes wasted time and resources.
- Automatically storing completed bid/tender packages, approved invoices, and other payment materials in organizations’ document registers.
- Letting capital planning and project execution teams exchange budget and actual cost data enables both teams to adjust as work progresses.