Joint workshop tackles digital technologies in construction industry
The workshop was hosted by ISYX Technologies and Microsoft.
Working in close collaboration with Microsoft, ISYX Technologies recently hosted a joint workshop exploring the potential impact of digital technologies on the building materials and construction industry.
Focusing on a variety of digital solutions aimed at boosting productivity, the workshop tackled operational challenges across specific project parameters. These include challenges in supply chain, material management, service maintenance, and project P&L management, to name a few.
Sharoon Shamsuddin, CEO, ISYX Technologies, said: "While construction is important for the world economy, it has a poor record of productivity. Construction related spending accounts for 13% of the world's GDP, but its annual productivity growth has only increased by 1% over the past 20 years.
"There are two characteristics linked to the lack of automation and innovation in the construction industry. First, it is a highly fragmented industry making integration cumbersome, and second it is amongst the least digitised end-to-end, ranking just above agriculture and below hospitality and healthcare.
As part of the workshop, ISYX Technologies and Microsoft promoted their D365 platform, which is built upon Microsoft Dynamics 365. The project-focused platform covers everything from labour variance, cash flow analysis, project portfolio analysis, and material variance.
Additionally, D365 is also equipped with BIM integration, GIS, augmented and VR capability, as well as IoT support.
Shiva Kathiresan, VP Applications, ISYX Technologies, said: "Our solutions which are, built on the Microsoft Dynamics 365 platform, are meant to digitally transform the legacy project approach prevalent in this industry and boost gains for vendors, suppliers, contractors, consultants, and the end customer.
"The Microsoft D365 solution, covers an extended collaboration model linking design, construction and operations. It covers various stages like digital mock-up, design review, process simulation, project management and facility management.
"The solution provides a single place to understand the complete project performance including, portfolio analysis, project progress analysis, punch list analysis across projects, cash flow, EVA, and other variables," he added.