A Connected Data Ecosystem

Introducing the Thinkproject Built Asset Lifecycle Platform

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What is the Thinkproject platform?

The construction industry lags behind digitalisation. While most industries have already embraced digital tools, the built asset sector is still relying on legacy technology. But we strongly believe that digital transformation is something all organisations will need to embrace sooner rather than later – and we are here to support this journey.  

The Thinkproject Built Asset Lifecycle Platform integrates the most extensive portfolio of mature solutions for built asset management, creating a Connected Data Ecosystem that provides clear and accurate data. This suite of solutions within the platform caters to a diverse range of stakeholders – general contractors, construction firms, asset operators, project managers and service providers.  

But first – let’s take a look at why such a solution is needed on the market. 

Digitalisation in The Built Asset Sector

Digital transformation is no longer a trend, but a necessity. With new technologies continuously emerging, organisations that do not adapt to this landscape will be left behind and miss out on an efficient way of doing business. This also applies to construction and engineering companies that manage built assets. Managing these assets involves managing various types of data in an effective and modern way.

The construction industry can only thrive by putting the built asset and its data at the centre. However, the industry still faces challenges that need to be tackled before fully embracing digitalization.

Challenges for the industry

Though slowly catching up on digital adoption, the construction industry still faces many ongoing challenges:

  • The use of separate legacy systems and a reluctancy to new technology; moreover, legacy systems may be difficult to integrate with modern solutions.
  • Workforce shortages: New talent is scarce and workers are retiring at a rapid pace; there is a strong need of talent, but also new digital skillsets. (Source)
  • A fragmented industry, with organisations at different levels of technology adoption, making collaboration difficult.
  • Productivity is a big issue, with 98% of projects over budget and 80% missing deadlines. (Source)

Challenges for stakeholders

In addition to these industry-level challenges, project managers, asset owners, contractors and their supply chains also face their own particular challenges in the field:

 

  • Increased security risks and more regulatory compliance requirements
  • The need of data accuracy for reporting and analysis
  • An expectation to deliver sustainable, quality projects on tight budgets and deadlines
thinkproject-evolution

A brief history of Thinkproject

Thinkproject has come a great way since its early days and has witnessed the adoption of digitalisation in the industry. By continuously adding innovative solutions for key industries and use cases across the entire asset lifecycle, by the 2020s, Thinkproject had already developed an extensive cloud-based portfolio of solutions with mobile connectivity to offer customers.

Bearing in mind our rich history, a platform feels like a natural next step. The Built Asset Lifecycle Platform addresses every stage of the built asset lifecycle and essential business functions driving digitalisation.

What is the Thinkproject Built Asset Lifecycle Platform?

It is connected data ecosystem, that allows users to tailor their experiences according to their technology needs. This way, every stage of the asset lifecycle is recorded, managed and analysed in one central space for all stakeholders and supply chains, driving quality, performance and sustainability.

thinkproject-built-asset-lifecycle-platform
solutions-before-and-after

This new era of Thinkproject offers enhanced flexibility and speed within the built asset portfolio:

• No data siloes from separate point solutions

• Accurate, tamper-proof data for the entire project lifecycle

• Unparalleled efficiency and ease of use through integration

• Data-driven insights for more safety and quality of your built assets

How does the platform benefit users?

Construction software is meant to make your life easier. So why does it often feel like it’s consuming valuable time? Industry professionals have enough to focus on without adding more unnecessary admin into the equation.

An integrated platform can be the answer to many common pain points when it comes to navigating construction and engineering data management.

An all-in-one solution

Through the Thinkproject Built Asset Lifecycle Platform you can access multiple powerful solutions. The platform is designed as a “go to” integrated solution for all data operations. For the user, this means:

✔ No switching between platforms

✔ Over 15 industry-leading solutions fully integrated

✔ Build a single source of truth for the entire built asset lifecycle

✔ Increased efficiency

Unified data to support data-driven decisions

Built asset management involves large amounts of data. This data has to be stored, managed, but also analysed to enable best data-based decisions. The platforms bring together all of that data, allowing efficient monitoring and analytics.

Begin building your own Connected Data Ecosystem with data-driven insights:

✔ Analyse built asset data cross every stage for smoother handover

✔ Define, capture, control and reuse data for maximum performance

✔Integrate various data sources within a single platform

Leverage innovative technologies

The platform allows you to integrate new technology and enhance your competitive advantages through Platform Services. This provides:

✔ A partner ecosystem full of innovative technologies to customise your platform according to your business needs.

✔ Access to a 24/7 online learning platform to simplify onboarding

✔ Improved analytics and performance capabilities thanks to a digital archive

✔ Connect on-site to off-site with task-orientated mobile apps.

✔ Leverage the power of AI and ML to support your optimisation goals

Master security and compliance

Construction companies need to prioritize data security and compliance to safeguard sensitive information such as project plans, financial records, client data, and employee details. Compliance with regulations, such as GDPR or industry-specific information security. standards, ensures that the company meets legal obligations, avoids penalties, and builds trust with clients and stakeholders.

✔ Work with the latest in ESG regulations to keep you compliant

✔ Secure yours and your customers’ data in a regularly audited platform

✔ Highest information security with C5/SOC2 attestations and ISO 27001 certification

✔ Stay consistent with the ability to export historic asset data into the platform

What customers say about Thinkproject

How do these features translate into real-life situations? Here are some of our customers’ achievements:

✔ £550k savings in time-related costs from digitised contract management - Swish Fibre 

✔ 33% less mistakes due to always working with the latest version of information -Hospital Zendal 

✔ 38% reduction in CO2 emissions - Dalkia Smart Building

Want to learn more about how you can leverage the Thinkproject Built Asset Lifecycle Platform? Read more about the solutions it hosts or get in touch to schedule a custom demo.

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