Bechtel, a global leader in engineering, procurement, and construction (EPC), announced today it has been named a winner in the 2018 BIG Innovation Awards presented by the Business Intelligence Group. The company was recognized for its enterprise-wide approach to innovation.
“2018 BIG Innovation Award recognizes Bechtel’s focus on innovation as a key business driver. It is a testament to the dedication of our teams across the globe who explore, develop and implement solutions addressing industry challenges,” said David Wilson, Bechtel’s Chief Innovation Officer.
“This year’s winners show the diversity of innovation and its impact on the economy, our cultures and the world,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to be honoring Bechtel as they are leading by example and making real progress on improving the daily lives of so many.”
Bechtel is embracing innovation to increase productivity and reduce costs through a focused and fully resourced process. The company established the Future Fund to stimulate development of new, disruptive ideas from employees, suppliers, and customers. The Fund provides the resources to explore ideas, emerging technologies and new approaches with the potential to dramatically improve project design, execution, quality, and safety.
To-date, Bechtel employees around the world have submitted more than 2,500 ideas. More than 500 of those ideas have been approved for further development and exploration, and approximately 40 ideas have matured and are now deployed on projects across the globe. The list of implemented ideas includes varied efforts: from use of drones, to robotics, augmented and virtual reality, new mobile applications, and new physical piping components.
The BIG Innovation Awards recognize companies and people who bring new ideas to life, and change the way we experience the world. Organizations from across the globe submitted their recent innovations for consideration in the 2018 BIG Innovation Awards. Nominations were judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions and provide feedback.