WakeCap, a Saudi technology company with headquarters in Riyadh, reaffirms its position as an industry leader in data-powered site visibility at the Global Project Management Forum 2023, held on 12-13 June 2023 at the Fairmont Riyadh, Saudi Arabia.
Many initiatives endure significant delays and cost overruns. According to a report by McKinsey & Co., 98% of significant initiatives worldwide experience cost overruns of at least 30%. In Saudi Arabia, according to a 2019 report from the Shura Council, up to 82% of government initiatives have been delayed, with costs exceeding 42% of the budgeted amount.
WakeCap’s objective is to revolutionize reporting in order to increase productivity in mega and giga initiatives. The company intends to address the challenges of digitizing the construction industry by implementing data that is transparent, accurate, and consistent.
Dr. Hassan Albalawi, CEO and Founder of WakeCap, stated while presenting the solution to project management professionals in the region, “Using time and motion analysis is a well-known method for increasing efficiency and productivity.
WakeCap is a wearable gadget that is revolutionizing the construction business.
By identifying and quantifying setbacks and areas where time can be saved, we can achieve quantifiable progress. This strategy has been validated by our extensive experience implementing our technology in numerous large-scale initiatives with over 50 million recorded working hours. Our objective is to disrupt the industry without interfering with the work.”
WakeCap is a peripheral technology that integrates with existing infrastructure without requiring staff training or causing workflow disruptions. The device is a small knob powered by a long-lasting battery that can be readily affixed to a worker’s safety helmet in order to track their location, time, and movement.
With these three key metrics, a plethora of information about the construction site can be obtained, resulting in increased owner and contractor efficiency, productivity, and cost-effectiveness.
WakeCap provides not only its primary technology, but also professional implementation and integration services, an Advanced Work Packaging (AWP) Platform, and BIM integration to further improve productivity monitoring.
