Oracle has launched Oracle Construction Intelligence Cloud Analytics to tap data across applications to detect issues, predict risks, and inform future actions helpful for engineering and construction firms.

This new solution brings together data from Oracle Smart Construction Platform applications to enable owners and contractors gain a thorough understanding of performance throughout their operations.

Equipped with this insight, firms can quickly spot and rectify issues and target ways to make continuous improvement across project planning, construction, and asset operation.

Oracle Construction and Engineering senior vice president of product, strategy, and marketing Roz Buick said: “You can’t manage what you can’t measure. The new Oracle Construction Intelligence Cloud Analytics offering combined with the Smart Construction Platform’s predictive intelligence engine and common data environment, gives our customers a deeper, 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 like its industrial and manufacturing counterparts.”

The Smart Construction Platform brings together capabilities from Oracle engineering and construction applications and third-party solutions with a common data environment and user experience.

This platform enables owners and contractors to work more easily together to improve decision-making at every level of their organisations.

The new analytics solution and other platform enhancements were unveiled at the Oracle Industry Lab in Deerfield, Illinois.

Bringing together the core applications, processes, and data, the Smart Construction Platform allows owners and contractors to work on various aspects together across project and asset lifecycles.

These aspects include portfolio planning, bid/tender processes, contracts, schedules, project documents and building information model (BIM) collaboration, field tasks, costs, and payments.

Due to unified experience, common data environment, and cross-application interoperability, users can easily shift between applications and data sets while working under a single project.

By aligning activities, resources, and data as each project and asset advances, the platform aids teams across disciplines to work toward the same goal, equipped with the same information.

The platform provides up-to-date schedule data to project managers so that they can keep teams aligned for planned delivery dates and other schedule requirements. It also helps unite planning (CPM schedule) with worksite teams (task schedule) to cut down wasted time and resources.

Furthermore, all stakeholders gain visibility to track progress, identify and mitigate risks, and then manage change across the complete supply chain.
Image: Oracle bolsters Smart Construction Platform with new analytics capabilities. Credit: StockSnap from Pixabay.