Driving Factors,

Challenges and Impacting

Risks in Digital Technology

Mr Oliver HC Wee
MBAM President
15 March 2023
 Construction 4.0

Technologies

Innovative Ideas

Data Driven Analysis

& Decision
Source: Construction 4.0 Strategic Plan, CIDB Malaysia
 Technologies Available For Immediate Adoption

IBS BIM RPA ERP

• Better assurance on • Predict construction • Reduce errors • To manage day-to-day

quality. hazards. • Increase efficiency by business activities.
• Reduce labour • Better documentation. automating repetitive • i.e. Accounting, Project
dependency on site. • Cloud & Real-time and time-consuming Management, Risk
• Limiting workflow or Data Sharing. tasks. Management &
work process.
Compliance and Supply
• Reduce accident on
Chain Operations.
site.
• Timely delivery.
 Benefits in Adopting Digital Construction
Environmental Friendly – Improve In Data Collaboration &
Reduce Labour On Site Less Noise and Air Pollutions Management & Communication -
Cleaner Site Documentation Real-time Data Exchange

Risk Mitigation –
Improvement in Decision Making - Robotics Can Perform Tasks In A
Data Analytic and Business Intelligence Dangerous Environment

Remote Monitoring Heavy A Hedging Against Building

Machineries & Power Tools Material Price Hikes as orders are
Operation Record confirmed from early stage

Controlled Environment -
Shortened Reduce Wastages Precast & Prefinished
Quality Are Well Assured
Construction Time Component are manufactured
How One Begins The Journey of Digitalisation
WHY SHOULD I CHANGE?
HOW MUCH IS THE COST?

WHAT IS THE ROI?

WHO TO HANDLE?

Negative Thinking MINDSET Fear

What If One Does Not Walk the Journey…?
• Founded in the year 1889.
• Riding on the Razer-blade business model, generated handsome
profits for years.
• In 1962, the sales surpassed USD 1 billion.
• 1972 achieved worldwide sales passed USD 3 billion.
• In 1976 became so dominant, they practically pushed their
competitors off the market, enjoyed 85% to 90% market shares.
• 1981 the company achieved USD 10 billion sales.

However, they filed for bankruptcy in 2012.

There were others
“Digital Construction is not a cost,
It is an INVESTMENT”
Thank You!