WakeCap, a Saudi technology company based in Riyadh, solidified its position as a frontrunner in data-driven construction site visibility at the Global Project Management Forum 2023. The event, taking place on June 12-13 at Fairmont Riyadh, Saudi Arabia, served as the platform for the company’s founder to present ‘The Future of Project Control’.
The construction industry is plagued by project delays and cost overruns, with a staggering 98% of large-scale projects worldwide experiencing cost overruns of over 30%, according to a report by McKinsey & Co. In Saudi Arabia alone, a 2019 study by the Shura Council revealed that up to 82% of government projects faced delays, leading to costs exceeding 42% of the initial budget. The company aims to address these challenges by revolutionizing project reporting and enhancing productivity in mega and giga projects through transparency, accuracy, and consistent data.
Dr. Hassan Albalawi, CEO and Founder of the company, introduced the company’s solution to project management professionals at the forum. He emphasized the effectiveness of time and motion studies in boosting productivity and efficiency. By identifying setbacks and areas where time can be saved, WakeCap’s technology provides measurable improvements. With over 50 million working hours logged in numerous large-scale projects, the company’s approach has been validated. Dr. Albalawi expressed the company’s goal to disrupt the industry without disrupting ongoing work.
The company offers wearable technology that seamlessly integrates with existing infrastructure without requiring extensive staff training or causing workflow disruptions. The device, a small knob powered by a long-lasting battery, can be easily attached to a worker’s safety helmet. It tracks the worker’s movements, location, and time, providing crucial metrics for data analysis. This wealth of information leads to increased efficiency, productivity, and cost-effectiveness for both project owners and contractors.
In addition to its core technology, the company provides professional implementation and integration services. They also offer an Advanced Work Packaging (AWP) Platform and Building Information Modeling (BIM) integration, further enhancing productivity monitoring capabilities.
The Global Project Management Forum 2023 serves as a significant platform for industry professionals to exchange ideas, innovations, and best practices. WakeCap’s participation in the event underscores its commitment to transforming the construction industry through cutting-edge technology and data-driven solutions.
As the Global Project Management Forum continued, attendees were captivated by the potential impact of WakeCap’s innovative technology. The integration of WakeCap’s wearable devices into construction sites promises to revolutionize project control and management.
The convenience of WakeCap’s technology lies in its seamless compatibility with existing infrastructure. Unlike other solutions that require extensive training or disrupt workflow, WakeCap’s devices can be effortlessly attached to workers’ safety helmets. These devices capture crucial data points such as movements, location, and time, providing a comprehensive understanding of site activities.
The real-time data collected by WakeCap empowers project managers to make informed decisions and take proactive measures. By identifying bottlenecks, analyzing worker performance, and detecting areas of improvement, WakeCap enables project teams to optimize resource allocation and streamline operations. The result is enhanced efficiency, minimized delays, and significant cost savings.
Furthermore, WakeCap goes beyond providing wearable technology. The company offers professional implementation and integration services to ensure a seamless adoption process. Their expertise extends to an Advanced Work Packaging (AWP) Platform, which aligns with industry best practices for optimizing project execution. Additionally, WakeCap’s integration with Building Information Modeling (BIM) further enhances the monitoring and control capabilities, providing a comprehensive solution for construction project management.
The impact of WakeCap’s technology is not limited to a single project or organization. With its data-driven approach, WakeCap contributes to industry-wide advancements in project control and management. By establishing a transparent and standardized reporting system, WakeCap promotes collaboration and accountability among all stakeholders involved in construction projects.
With WakeCap’s wearable technology, the future of project control in the construction industry looks promising. By harnessing the power of data and analytics, project managers can make informed decisions, mitigate risks, and optimize resource allocation. As the industry embraces digital transformation, WakeCap is at the forefront, driving change and ushering in a new era of efficiency and productivity in construction projects.
