GIC Members to Discuss Key Findings from Their Report “Digital Technology: The Key to Unlocking Construction’s Potential” at Construction Technology Summit in Melbourne October 25

MELBOURNE, Australia — (BUSINESS WIRE) — October 18, 2017 — Aconex Limited (ASX: ACX), the #1 platform for digital project delivery, today announced the company has formed the Global Industry Council (GIC) with participation from the world’s largest contractors including AECOM, Bechtel, Fluor, John Holland and Lendlease. Council members are thought leaders who are passionate about evolving digitisation in engineering and construction (E&C) through sharing ideas and finding solutions to the industry’s most pressing challenges.

“As a leading international property and infrastructure group, Lendlease has a vested interest in supporting the ongoing transformation of our industry,” said Kate Nelson, Head of Business Technology & Innovation, Design, Building at Lendlease. “More than that, we have a responsibility to challenge and change the future of the industry, for the better. As a foundation member of the GIC, we look forward to collaborating with our global peers to deliver on this purpose.”

One of the GIC’s first tasks was to identify the major roadblocks to wider technology adoption in the sector and to facilitate more rapid digital investment, automation of business processes and integration of information and communication technology. Together with Aconex and Boston Consulting Group (BCG), GIC members have dedicated significant time and resources to generate the report, “Digital Technology: The Key to Unlocking Construction’s Potential”.

“Many construction companies in this industry struggle to consolidate fragmented platforms, standardise processes or develop savvy digital talent,” said Leigh Jasper, CEO of Aconex. “The aim of the report is to unlock the challenges to accelerated digitisation across the industry. It’s a practical guide for asset owners, EPCs and contractors to help innovate and improve performance, and address the transformation taking place across the asset life cycle.”

Key findings of the report will be discussed for the first time at the second annual Construction Technology Summit on October 25, 2017, in Melbourne with GIC member Ms. Nelson from Lendlease leading the discussion. The one-day event, hosted by Aconex and the Victorian Government, will connect Australia’s leading contractors, developers, and consultants with the nation’s savviest digital innovators. More than 350 delegates are expected to attend.

“The smarter use of digital solutions in the design and construction space has the potential to be a major game changer, particularly in terms of project design, procurement, manufacture, and delivery,” added Ms. Nelson. “This report will help influence a more standard approach to digitisation, which along with continuing to think differently, will further unlock innovation in the industry.”

“Talking about digitisation in our industry with GIC colleagues from around the world that are facing similar challenges was stimulating,” said Dr. Ahmet Citipitioglu, Director of Engineering and Design at TAV Construction. “Various experiences along with valuable ideas and perspectives were shared during our meetings, many which are incorporated in the report which others will surely benefit from.”

The report “Digital Technology: The Key to Unlocking Construction’s Potential” is due for release later this year.

Construction Technology Summit 2017

To learn more about Construction Technology Summit 2017, please visit http://www.constructiontechsummit.com.au.

About Aconex

Aconex provides the #1 cloud collaboration platform for digital project delivery. This platform connects owners, contractors and their project teams in the construction, infrastructure, and energy and resources sectors, providing project-wide visibility and control between the many different organisations collaborating across their projects. With more than 70,000 user organisations in 70 countries, Aconex is the industry’s most widely adopted and trusted platform. Founded in 2000, Aconex has 47 offices in 23 countries around the world.

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