ENR FutureTech 2024

Digital Transformation Journeys for Successful Asset Programs

Session Description:

In this panel we discussed the latest research on technology usage by owners with large capital programs, providing valuable insights into current industry trends and observations. We highlighted the critical role of data management best practices and the adoption of industry standards in achieving successful digital transformation and provided participants with a deeper understanding of how to leverage structured data to enhance project delivery and efficiency.

Session Takeaways:

• Digital transformation is a journey that must be tailored for different asset management programs.
• 95% of construction data is unstructured, presenting an opportunity for significant improvements in data utilization.
• There’s a need for better data governance, legal clarity, and shared data standards to tackle fragmented and unstructured data.
• Industry standards are important to improve data flow and project outcomes.