Today marks two years of the Inside Eliminate Downtime newsletter!

We started the eliminate downtime journey because we could see that low adoption of digital technology led to preventable downtime. Two years later, we are in an industry that has progressed tremendously. Businesses are adopting and seeing the value of new technology. In the future, it is essential to figure out how we keep up the momentum and achieve a lasting business impact.

The adoption of digital technologies, allows us to unlock the ability to generate more value through partnerships and data. So, on the second anniversary of this newsletter, we’re excited to announce the official launch of the Blueprint for Data Sharing in Construction. To celebrate this milestone on the eliminate downtime journey, I invite you to join us for a launch webinar, taking place on the 15th of June, 16:00-16:45 CEST.
 
 
You can expect an introduction to the success elements of data sharing and how data sharing can eliminate downtime. Hope to see you there.
 
 
On the topic of data sharing, the reads this month dive into building thriving ecosystems and the value that transformation can unlock.

This month’s key questions to consider:
 - How are you kickstarting the creation of your data ecosystem?
 - What benefits could the construction industry experience from taking part in ecosystems?
 - What lessons have you learnt from your own transformations?
 
 
 

THINK BIG, BUT KEEP IT SIMPLE

 

McKinsey: "Four way to accelerate the creation of data ecosystems"

 
There are different forms of ecosystems. But no matter which type of ecosystem your business engages in, you’ll want to create value early on. Unfortunately, getting stuck in the early phases of planning is a trap that many may experience. To counter this, McKinsey suggests four different ways that your business can accelerate the creation of data ecosystems. Leveraging ecosystems could enable your business to grow, increase productivity, and reduce risk.
 
 
 
 

THE MORE PARTNERS, THE MERRIER

 
 

BCG: "What Does a Successful Digital Ecosystem Look Like?

 
A variety of partners, industries, and cultures make up digital ecosystems. But what makes some ecosystems more successful than others? According to this study, conducted by BCG, five factors lead to success.
 
  • Being a first-mover is no longer enough
  • A partner with a strong foothold in the industry can help set direction
  • Having many partners from multiple industries is  essential
  • Global reach can be beneficial
  • Orchestrating collaboration on different levels will help you succeed
The article gives an in-depth look at how these factors affect ecosystems by giving graphical examples supported by their data collection.

 

 
 
 
WHAT TO FOCUS ON WHEN TRANSFORMING YOUR BUSINESS
 

McKinsey: "Seven lessons on how technology transformations can deliver value"

 
Many leaders have taken on the challenge of transforming businesses with technology at the forefront of their minds. While many have succeeded and experienced the value they were hoping for, others have struggled. You can use this article to reflect or get a head start on your transformation as it explores the seven lessons that deliver value across your business. The examples are taken directly from real-life experiences and show how you can adopt technology to improve your business and source, upskill, and retain talent. 
 
 
 
If any of these articles have sparked any ideas or questions that you may have, please reach out to me. Initiating conversation and creating awareness is how we will be able to succeed in our journey of eliminating downtime.
 
- Søren Brogaard, CEO Trackunit
 
 
 
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DK-9000 Aalborg
 

 

 

 

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