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The Digital Horizon

Digital technology is increasing the rate of change and creating more complex business environments. According to Aurecon’s research, most agree ‘digital’ will continue to cause meaningful changes for both their organisation and sector, and that the impact of digital change will only strengthen with time.

The clear consensus that digital has caused moderate change now, will cause considerable change in two to five years and significant change beyond 11 years, indicates that although disruption is present in many industries, the true effects have not yet rippled into every sector. This is particularly true for the part of the economy that designs, constructs and manages physical assets.

While some survey respondents believe their organisations are very capable of thriving in the digital landscape, more than one in two respondents believe their organisation is, at best, only somewhat capable of thriving.

As this sector has been slower to embrace digital technologies, there is a unique opportunity for organisations to learn from and leverage transformations occurring elsewhere and use that knowledge to anticipate outcomes and ensure digital investment reaps maximum value into the future.

Figure 2. How organisations see their capacity to thrive in a digital economy (next two to five years).

Figure 2. How organisations see their capacity to thrive in a digital economy (next two to five years).

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Your Digital Decisions

In an increasingly complex, connected and uncertain world, it is critical for organisations to establish robust digital decision making frameworks and tools, which can better connect parts of their organisation, from digital elements on a project to incorporating digital ways of working to adapt to disruption.

Adopting the ideal framework for digital decisions helps organisations better balance their many (and often competing) priorities including creating efficiencies and reducing costs, maximising competitive advantage through speed or connection to customers, reshaping business and operating models, upskilling their workforce, and opening up pathways to discover different ways to create new value.

Efficiency – In increasingly competitive environments, using digital decision making approaches to drive efficiency and reduce costs is now just part of staying in the game.

Workforce – Using digital tools and data to make digital decisions needs new skills and capabilities. Digital literacy is key, and the ‘people structure’ may need to change to support the aggregation and sharing of data and insights.

Speed – More frequent or continuous customer connections and almost real-time insights enable organisations to act immediately, creating a new speed of competition for market activity.

New value – As customers’ consumption patterns change, organisations need to know how things are evolving and how to manage assets differently to create new value.

Business and operating models – Digital technologies are driving business model innovation. Leaders must make decisions about how to evolve their business model and the physical and digital assets that support it.

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Aurecon can help you make digital decisions with clarity and confidence

While digital decision making processes and capabilities offer significant value for organisations, they are complex and challenging for organisations to get right on their own. Aurecon's digital leaders, advisory professionals and technical industry experts combine to provide depth of knowledge across markets and the digital landscape, both now and into the future. We ask the right questions to achieve the most valuable digital solutions and outcomes for you.

We know that one size doesn’t fit all. We will help you determine which solution is right for you and how it helps your organisation resolve challenges and create value for your business. We can help articulate what digital means for your organisation and how it can transform your asset base. We work with clients to formulate a portfolio of activities to test and scale real commercial opportunities. We consider the design of your built assets, operations, workforce and business models in unison.

Our experience in designing systems to make more informed operational and strategic decisions has helped our clients minimise risk. We can help you strike the right balance between an internal and external focus and eliminate blind spots in decision making.

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