Leveling the playing field

Technology is a key factor in the growth and innovation of any business.

Construction and industrial maintenance projects can inform hiring decisions, reduce costs, and help businesses do more with less. This is especially important when equipment, materials and labor are all in short supply.

Technology should therefore be a core element of any construction site. Innovations such as enabling a smart, connected fleet of devices harness the power of data for customer efficiency and insight, and help keep people safe.

Experience the power of telemetry

Data has always existed, but its potential has not always been fully realized. But as more cost-effective telemetry devices hit the market and the IoT has evolved, these developments have made data more accessible and useful across a wide range of industries and customer applications.

Across Coates’ fleet, telemetry sensors capture real-time flow rates for safe water management. Measure loads on structural supports for safe excavation.

It also informs proactive asset maintenance and helps industrial businesses identify and understand tool, equipment and consumable usage. The opportunities for telemetry to inform and enhance customer activity are endless.

Unlock the value of your data

However, the real value of telemetry lies in analyzing and interpreting this data to reveal business insights, not in the raw data at its source.

In addition to telemetry sensors, asset management technologies such as SiteIQ (the successor to CHASE) and productivity tools such as Smart Site can be used to help customers reduce costs, increase business efficiency, and focus on customers and markets. guides you in delivering the right solution.

For example, Coates provided, tracked and monitored tools and equipment for a major upgrade at the Mount Piper power station in New South Wales late last year.

By eliminating unnecessary personnel and helping to return equipment that would otherwise not be used on site, a data-enabled approach enabled this customer to improve tool time efficiency by 80%. rice field.

It may seem counterintuitive to help customers cut jobs, but it’s important to remember that efficiency is a two-way street, win-win.

From a market perspective, efficiency gains that allow one customer to stop renting equipment can be used to support other companies facing similar challenges with equipment supply and demand. You can also.

jeopardize technology

Replacing people performing high-risk, high-cost tasks is another high-value application of technology in the construction and industrial sectors.

Custom drones are increasingly being used for pre-start safety inspections on construction sites and remote asset inspections during industrial maintenance.

Sending drones into these environments instead of humans eliminates the need for scaffolding, ropes, booms and other access equipment, helping businesses keep their most important assets safe.

When inspecting industrial assets such as cooling towers, drones can also be used to create highly accurate 3D models and digital twins to guide current and future maintenance.

Regardless of how far your technology strategy has progressed, there is always an opportunity for such technology to level the playing field and mitigate industry challenges. And there are always productivity, efficiency and safety gains.

Murray Vitlich is the CEO of Coates.