Power transformation across capital projects
For energy and utilities organizations to fully reap the benefit from their capital assets, they need access to reliable and precise data that are seamlessly integrated into all workflows. However, incompatible file formats and data silos can get in the way, restricting companies from deriving full business value from their capital assets. In many cases, teams struggle with poor up-front planning, lack of program discipline, and the phenomenon of ‘scope-creep’—all of which can have a detrimental effect on the cost, timeline, and quality of the project delivery. Furthermore, without closed-loop feedback and the ability to capture and re-use lessons learned, there’s a risk of repeating the same mistakes across successive projects, causing project delays. This could not only result in financial penalties but also margin-eroding errors that could further impact profitability across the supply chain.
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