May 19, 2020

Canadian consulting market grew 4.9% to $3.91bn in 2017

Digital Transformation
Consulting
zaymalz malz
2 min
Canadian consulting market grew 4.9% to $3.91bn in 2017

A new report from Source Global Research has shown that the Canadian consulting industry is still on the rise after growing 4.9% to $3.91bn in 2017.

The growth of consulting has largely been driven by rising profits and increasing disruption across Canada, particularly within the financial services sector where the use of consulting services grew 6.5% to $1.23bn last year.

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In this sense, the financials services sector now accounts for just short of one third of consultancy all Canadian consulting revenues, as banks and insurance companies look to modernise legacy IT systems.

“Canada has been trailing behind the most advanced markets in terms of digitisation, but in 2017, we saw digitisation make significant advances here,” said Edward Haigh, Director at Source Global Research. “This shift has been driven by increasing disruption from digital leaders—both foreign and domestic—and a pressing need to replace creaking legacy systems.

Further digital transformation projects across Canada almost quadrupled in size from $206mn in 2016 to $786mn in 2017.

“At the same time, increasingly attractive new-technology use cases pouring in from other markets—especially the US—served as a powerful pull, helping to drive digital transformation projects,” Haigh continued.

Whilst financial services remained the most significant sector, the public-sector healthcare market was once again shown as the fastest growing for consulting work, up 7.2% to $226mn in 2017.

“Healthcare is once again a star sector this year, as it was last year, specifically in the public sector,2 said Linda Williams, Canadian Advisory Performance Improvement Leader, EY. “There’s a lot of demand to redirect cost toward modernising service to Canadians.”

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Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

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