Fiatech is an international community
of passionate stakeholders working
together to lead global development
and adoption of innovative practices
and technologies to realize the highest business value throughout the life
cycle of capital assets.

Activity Update from the Board Chair

 

Fiatech-CII Collaboration

As previously communicated, Fiatech has entered discussions with CII about closer collaboration in support of joint goals to advance the industry. The rationale driving cooperation between Fiatech and CII will strengthen Fiatech’s ability to delivery projects and bring together people, processes, and technology to enhance our industry. As technology is ever more embedded in capital projects work processes, now is the time for Fiatech and CII to collectively leverage their efforts.

Mission & Vision
Our vision: “Transforming the World's Infrastructure Delivery and Operations through Innovation.”
Our mission: “Fiatech is a global community of capital facilities stakeholders working together to drive productivity and efficiency improvements by advancing technology and innovative practices.”

Fiatech’s Mission and Vision remain unchanged and are more applicable than ever as the capital projects industry undergoes a digital revolution brought about by maturing digital skills of the workforce and increased embeddedness of technology into work processes. Fiatech welcomes the benefits that significant collaboration with CII will bring, and I can attest that the feeling is mutual with the CII leadership. 

 

Strategy
Fiatech’s strategy to deliver our Vision and Mission has been captured in our Productivity Advancement Targets (PATs) which, collectively, have the goal to remove $300MM from every $1B in total installed costs from capital projects. This bold goal has been purposely set to challenge all participants in the process to re-evaluate their contribution and redefine what is possible. CII shares similar goals to advance the industry, and there is great opportunity to combine our efforts.

Mechanism
Over the course of several months, a joint CII/Fiatech working group has described a collaborative operating environment. The working group is composed of owner operators, engineering and construction firms, solution providers, and leading academics. Discussions have been productive and positive, with great excitement about the potential for leveraged investment to accomplish great things for our industry and collective membership. Current plans have been reviewed with key leaders in both groups with positive feedback. Details will be presented to the members for discussion at their respective conferences in April; a vote for formal collaboration will be conducted in October.

The Annual Technology Conference and Showcase is shaping up to be a can’t-miss event, with outstanding keynotes and a strong technology program built around our Productivity Advancement Targets (PATs). For the first time, we will hold this Conference alongside the CII Board of Advisors and Sector Committee meetings, which will ensure a greater variety of companies as well as a more diverse group of technology savvy individuals. Your participation at this event is a great opportunity to share leading technology practices and network with CII members to share industry expertise. 

Jim Purvis
Fiatech Board Chair