The situation today
Connecting the Built Environment
The Construction, Real Estate, and Facility Management industries define the Built Environment, which revolves around properties and assets.
There are many players in this field.
All stakeholders hold different interests during each stage of the Built Environment lifecycle.
There are a lot of disconnected stakeholders
Every day millions of activities and transactions costing billions of dollars are carried out through a multitude of interlinked supply chains in the built environment.
People and organizations around the world use a multitude of automated and manual unsynchronized systems and methods for asset tracking and management.
This makes it impossible to keep an accurate, up to date, searchable inventory of physical assets and a trustworthy log of activities and transactions through the lifecycle.
The most common means of communication are still phonecalls and e-mails
Offices are filled with files, folders, papers, removable media…
The main challenge is a timely and reliable exchange of information between parties and systems.
Miscommunication leads to many inaccuracies
Resulting in higher costs and lower efficiency:
- Going over budget and over schedule
- Delays due to dispute resolutions
- Wasted resources fixing errors
- Loss of trust between stakeholders