News from the Global Infrastructure Initiative—March 2018

March 2018

Welcome to the March 2018 edition of Voices, a compilation of insights on harnessing the promise of digital technologies in infrastructure and capital projects. As this historically underdigitized industry faces a new wave of technological change, we hope these collective perspectives will alert readers to the potential and inspire you to chart a course toward successful transformation.

The year has been off to a busy start for the GII community, as we strive to stimulate change in the industry through our activities. Last month, we hosted an innovation site visit to the headquarters and test site of Virgin Hyperloop One, the only company to have built a full-size and full-system hyperloop—a proposed mode of electrified, autonomous, high-speed transportation. It was an intriguing foray into the potential future of transportation, understanding how this new technology might impact existing business models and value chains. You can read a summary of key themes here.

We also convened senior leaders for two regional roundtables in March—a gathering on airport customer experience in Orlando, Florida and a conversation on construction’s digital revolution in Madrid. In both of these spheres, new technology and rising customer expectations are pressuring leaders to dramatically rethink their ecosystems and rapidly improve performance. We will continue these conversations in the months and years to come, including at our 5th Global Infrastructure Initiative Summit in London this October.

In the second quarter of 2018, GII will host May roundtables in Dubai on digital construction and in Sydney on technology in transport. Please email us to learn more about either of these events. We are also excited to organize a site visit to Moscow, where leaders will explore some of the city’s recent and upcoming major projects in urban development.

We hope you enjoy this edition of Voices and that it sparks new ideas for you on the digital future of capital projects and infrastructure. Our June issue will center on major projects as we bring forth perspectives on how to improve outcomes on the world’s largest, most complex projects. We look forward to sharing it with you, and we welcome your thoughts on Voices at any time.

Article

With digital solutions poised to disrupt capital projects, companies must overcome their long-standing reluctance to apply these tools. Here’s how.

Steffen Fuchs, James Nowicke, and Gernot Strube, McKinsey & Company

 

Article

Has the construction industry been thinking about capital project delivery in the wrong way?

Amit Varma, VEERUM

Article

Asset owners are lagging other industries in data analytics. Now’s the time to get going.

John Levene, Sacha Litman, Ian Schillinger, and Chris Toomey, McKinsey & Company

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