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Using AI and machine learning to predict construction schedule delays

Learn how to make the most of your volume of data to improve on-time, on-budget project delivery in this blog post.

Modern Methods of Construction (MMoC)

The drive for digitalisation in Construction Industry has never been greater. Unleash the full potential of Modern Methods of Construction (MMoC) with an ecosystem platform approach that provides real-time, end-to-end process visibility, and oversight of your capital project and programme delivery. Reduce construction time and cost whilst optimising your quality and sustainability outcomes.

See how Oracle can help you enable Modern Methods of Construction

Why now is the time for MMoC?

51%
growth in market share for modular construction companies
3000
new digital players in the last three years
90%
of CXOs say there’s more need to change now than five years ago
2X
increase in venture capital investment in construction tech

Data source: Capital Projects after COVID-19: The Role of Digitization in shaping the future of the Industry (McKinsey Global Infrastructure Initiative -May 26, 2020)

New technology developments, such as advanced building materials, 3D printing, cloud, big data, and IoT Industry 4.0 connectivity, are driving a new paradigm shift in the adoption of Modern Methods of Construction by enabling:

  • A shift to off-site construction
  • Improved sustainability
  • Reduced costs
  • Increased productivity

MMoC will be particularly effective in regions where there are labour and housing shortages—the UK Government is leading the way by starting to mandate MMoC approaches in its public sector projects.

 

What are the benefits of MMoC?

Modular construction can speed up construction by as much as 50% and cut costs by 20%. It’s estimated that modular construction will claim $130bn of the market and deliver annual cost savings of $22bn by 2030.

 

Key Challenges MMoC addresses:

  • Sustainability
  • Carbon-zero goals/climate change
  • Productivity/Infrastructure gap
  • Worksite health and safety (post-COVID-19)
  • Talent gap and ageing workforce

Construction Industry Challenges

Huge Infrastructure Investment Gap

$1tn

global infrastructure investment gap to be filled

Scarcity of Resources

No.1

consumer of global raw materials is the construction industry

Talent Gap & Ageing Workforce

50%

of general contractors are concerned about finding experienced craft workers

Energy & Climate Change

30%

of global greenhouse gas emissions are attributable to buildings

Urbanisation & Housing Crisis

200k

people are added daily to urban areas requiring affordable and healthy housing


Data source: Future of Construction, World Economic Forum, Boston Consulting Group

 

Optimising your MMoC strategy

To create a scalable and sustainable advantage through Modern Methods of Construction, you need to:

  • Consider adopting best practices from the manufacturing industry, e.g. industrialisation of construction delivery
  • Define a strategic digital platform approach for the future of your construction operations, providing a foundation for your future vision by enabling new innovations and Industry 4.0 technologies

Get more insights

  • Industry 4.0

    The latest wave of Industry 4.0 technologies has continued the explosion of disruptive technologies in construction.

    Learn more

  • Reality data

    Construction managers can now interactively map their schedule activities into BIM data, thanks to integration between Oracle Construction and Engineering, and partner Reconstruct.

    Read the blog

  • Oracle Industries Innovation Lab

    Our simulated worksite demonstrates the transformative power of the Internet of Things, drones, autonomous equipment, augmented reality, AI, and other developing technologies.

    Visit the Innovation Lab

  • Robotics

    Brian Ringley, construction technology manager at Boston Dynamics, discusses how technologies such as field robotics and industrialised construction will impact the industry.

    Explore the future of robotics

  • Digital twins

    At a basic level, a digital twin is a digital representation of a physical thing. But in reality, it’s only limited by our imaginations.

    See the positive impact of digital twins

  • Smarter cities

    Digital twin ecosystems could enable cities to learn from how we live and more effectively respond to adverse events.

    See how digital twins make cities smarter

Explore the solutions and expertise you need to enable effective Modern Methods of Construction

Scale your operations

Quickly develop, deploy, and scale new intelligent modes of operations with the world’s only autonomous database and a suite of dedicated construction- project apps.

 

Explore Oracle Construction and Engineering Products

Find the right expertise

Whether you’re 3D-printing buildings or developing modular housing, our specialist consultants will draw on their extensive experience to unlock the art of the possible with your data.

 

Discover Oracle Construction and Engineering Professional Services

Meet our integration partners

Our ecosystem of innovation partners will support you in your drive to Modern Methods of Construction, with expertise that will’ll help you get the most out of Oracle solutions.

 

Explore our partners

Get all the capabilities you need to achieve Modern Methods of Construction

1

Connect your organisation with a common data environment (CDE)

Bring your teams, models, and project data together in one environment, with a secure single source of truth for your projects.

Learn more about common data environment

2

Enable intelligent supply chain planning

Use AI and analytics to increase supply chain visibility and more efficiently coordinate modular deliveries and materials storage.


3

Achieve MMoC with a single cloud platform

Get all the powerful capabilities you need to deliver Modern Methods of Construction on a single cloud platform that enables simplified application management and lower TCO.

“The biggest benefit from Oracle's solution is that it integrates the CPM contract schedule with the lean task management practices we use”

Derek Gibson, Scheduling Manager McCarthy Building Companies