Big Data & Analytics Heroes
This week’s Big Data & Analytics hero is Khaled Al-Shami, head of enterprise asset management solutions at Consolidated Contractors Company (CCC). He says that having visibility into accurate data about your assets at the right time is crucial to achieve success in the construction industry, and he advocates for deep analytics to move to predictive maintenance.
What is the biggest challenge you faced during the downturn in construction?
When the construction market crashed in the wake of the 2008 global economic crisis, established players such as CCC suddenly had to find ways to cut costs and boost revenues—especially given the arrival of competition in the form of new firms from the Far East. Visibility into our fleet of assets to enable optimized asset utilization was key to coming out of this period successfully.
How did you address this challenge and stay competitive during this time?
Using IBM Maximo Asset Management for Transportation, we have full visibility over our fleet. We know that an asset in Africa is down because of a certain failure and we can respond to that immediately—and we can tell the guys and the operation and the people on-site to act in maintaining this asset by replacing this part, and in order to have it back to work as soon as possible. We don’t want to be delayed in finishing the construction job over there. This equipment has to finish its job because there is a plan for it to move perhaps up to the Gulf area, because there is another project, another job waiting for it.
What type of ROI are you seeing from your analytics tools?
IBM Maximo is so much more than an asset management solution—it tells you everything you need to know about your assets accurately and at the right time. We have already achieved a full return on our investment in the Maximo solution. In fact, we have reduced operational expenditure per asset by $1,100—helping us achieve total savings across our global business of $15 million per year. These huge efficiency gains have helped us emerge from the construction market crash as one of the best-positioned contractors in the industry.
What does the future at Consolidated Construction Company hold related to the Internet of Things? Are there any limits?
Consolidated Contractors has a vision of moving from the normal preventive maintenance and corrective maintenance schemes into predictive maintenance. Predictive maintenance will require a lot of analytics. To do this, we will need our equipment to be connected to the cloud, and to leverage the Internet of Things.
We want them to speak about the problems with our assets. We want our assets to tell us in advance that they will be having a failure sometime within two or three weeks. We want to address these failures in advance so we reduce downtime. Ultimately, we need to reach zero downtime in our work.
For the Internet of Things, the use cases are unlimited. They are bounded only by the human imagination. I believe that the sky is the limit. There are many practical applications, and all industries can make use of the Internet of Things.