In this blog series, our experts are peeling back the layers to reveal the challenges and opportunities within the dynamic nature of the transportation sector.
The Current State of Transportation
Keeping up with the transportation industry is like living life in the fast lane. It’s a profoundly determined task – with variables such as budget constraints, time, and increasing demand to make transportation accessible to all communities. According to the American Public Transportation Association (APTA), did you know that every $1 invested in public transportation generates $5 in economic returns? Yet, despite these figures, a significant portion of the American population lacks access to public transportation.
45% of Americans lack access to public transportation.
The good news? The US is in a state of continual evolution. Many transit megaprojects have been granted funding through the Bipartisan Infrastructure Law. Projects like the Hudson Tunnel and innovative bus rapid transit lines are among the many projects poised to redefine communities. The completion of these projects will provide essential transit options, empowering the future of millions of Americans to gain access to safe and accessible mobility.
These statistics and upcoming transit projects underscore the imperative for the digital evolution of project operations. On-prem legacy systems run by private and public transportation organizations are often disparate and inundated with manual tasks, leaving teams with limited access to unreliable or outdated data. This situation makes reporting on and completing projects effectively and within projected budgets nearly impossible.
How is Oracle Addressing Transportation Project Digitization?
There is a paradigm shift happening in transportation. From intelligent platforms to smart construction products and artificial intelligence, technology is beginning to reshape the industry, offering various opportunities for productivity gains and reporting capabilities.
The Evolving Landscape
Organizations are catching glimpses into the future of transportation innovation, particularly with embedding AI and enhanced job-site features into their Project Execution and PMIS systems.
But the journey doesn’t end there. We’re entering an era where technology is reshaping the transportation industry as we know it. A case study from a transportation division managing over 314,000 miles of roadways and 25,000 ongoing projects at any given time sheds light on the transformative power of Oracle’s cloud-based solutions. By migrating to Oracle Primavera Cloud (OPC) from Primavera P6, the transportation entity tackled data aggregation and project governance challenges head-on, improving project accuracy and streamlining operations. Yet, amidst this innovation, a crucial question looms:
Do the new capabilities of project execution and PMIS systems fully address the broader interoperability challenges that transportation entities face today?
Project Execution and PMIS applications play a pivotal role and are evolving to cohesively connect project details (what/who) with geographical information (where) and timing (when). Despite these advancements, a notable gap persists among project managers, financial managers, human resources, and sales representatives due to the disjointed nature of their respective systems. This fragmentation hinders effective real-time communication across the private and public sectors, signifying the need for enhanced integration and collaboration within the transportation ecosystem. Timely and accurate project execution is crucial to, as an example, prevent questions about unused grant funds and accurately align bond money requirements.
In conclusion
The transportation sector is in a state of expansion and digital evolution, and robust technology infrastructure is the understatement of the century. With transit megaprojects on the horizon, underpinned by community-centric accessibility and safety endeavors, the spotlight shines brightly on the need for adaptable technology stacks. While there is considerable action on implementing advanced project execution and PMIS systems embedding advanced technologies, the differentiation for the transportation sector lies in fostering a seamless integration across ALL project systems. This integration is pivotal for facilitating advanced communication of project statuses, enabling all stakeholders to access and leverage updated project data easily.
Interested in learning about what integration options are available now for your Project Execution, PMIS, ERP, and other systems? Contact our experts.
