Engineering, Procurement & Construction (EPC)

Overview

Engineering, Procurement & Construction (EPC)

The EPC industry is under intense pressure to decrease prices, standardize offerings, prevent mega-project cost overruns, and increase its recurring revenue sources. There are many stakeholders involved and a lack of communication can lead to budget loss and delays. 

Spreadsheets no longer permit real-time data analysis and have become obsolete. New digital EPC tools such as the Internet of Things, Mobile Technology, Big Data, Cloud services, Machine Learning, and Artificial Intelligence help to optimize operations, be more effective and profitable, and provide smarter construction with future insights.