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We use cookies to help provide and enhance our service and tailor content and ads. The insights and experiences that have emerged from this research provide a frame of reference for construction organizations and asset owners to navigate the benefits realization and change management process, which can be used to ensure their investments in digital technology can effectively respond to business drivers and generate value. Our technology is specifically built, and powered by Miramar, to manage OTC benefits programs. The approach to programme, project and change management needs to be benefit driven to ensure maximum value from the investment in change. In light of the drive for organizations to engage with digital technology we bring to the fore in this paper the need for them to legitimize a process of benefits management prior to making a financial investment to understand ‘how’ digital technologies can coalesce to generate business value and improve their competitiveness. We examine how digital technologies can coalesce to generate business value. HR technology is not only helping professionals manage benefits and make their jobs easier, it’s also helping them gain C-suite influence. ScienceDirect ® is a registered trademark of Elsevier B.V. ScienceDirect ® is a registered trademark of Elsevier B.V. As part of a benefits management strategy, a business dependency network (BDN) can enable investment objectives and their resulting benefits to be linked in a structured manner with an organization's capabilities and changes required to ensure they are realized. With advances being made in digital technologies, asset owners are requiring at hand-over a digital twin of their constructed facility that can be used in real-time to support operations and maintenance processes. As part of a benefits management strategy, a business dependency network (BDN) can enable investment objectives and their resulting benefits to be linked in a structured manner with an organization's capabilities and changes required to ensure they are realized. copyright © 2020 OTC Benefit Administration | OTC Benefit Solutions. We examine how digital technologies can coalesce to generate business value. NEW App Technology Fully integrated and responsive, the app technology mirrors our OTC online order functionality for both Android and iOS - leveraging all the same benefit information, balance details, order processing and tracking © 2019 Elsevier B.V. All rights reserved. Relying on empirical findings derived from nine projects that examined the efficiency gains and advantages of using a digital systems information model from an engineering to asset management perspective, we construct a generic BDN to visualize the structure of multiple cause-effect relationships that are used to organise the capabilities, changes and benefits that need to be considered prior to adoption. In light of the drive for organizations to engage with digital technology we bring to the fore in this paper the need for them to legitimize a process of benefits management prior to making a financial investment to understand ‘how’ digital technologies can coalesce to generate business value and improve their competitiveness. There has been a wealth of studies that have examined the concept of technology evaluation and benefits management in the information systems literature [, , ]. While there has been considerable focus on ‘why’ organizations operating in the construction industry need to adopt digital technologies to enable Building Information Modelling, Internet of Things and Industry 4.0 and thus deliver assets more effectively and efficiently, there has been limited attention given to ‘how’ they can realize their expected benefits and simultaneously generate value. As a result, you don’t have to worry about not being able to access the features and functionality that can empower you to optimally manage your OTC benefits program. We provide the knowledge needed to acquire the benefits from the implementation of a digital twin. https://doi.org/10.1016/j.autcon.2019.102930. Benefits management. Provide your members with a coveted over-the-counter benefit without placing an administrative burden on your own staff and resources. © 2019 Elsevier B.V. All rights reserved. We have mentioned some key benefits that IT organizations can realize by adopting IT managed services Johannesburg.. High Return On Investment (ROI) A managed IT support centurion service provider offers more benefits to your business than that of an in-house IT team. Relying on empirical findings derived from nine projects that examined the efficiency gains and advantages of using a digital systems information model from an engineering to asset management perspective, we construct a generic BDN to visualize the structure of multiple cause-effect relationships that are used to organise the capabilities, changes and benefits that need to be considered prior to adoption. To benefit your business to the maximum, an MSP offers a large number of IT professional team that are more … A frame of reference for navigating the benefits realization and change management process for digital technology is presented. HR technology is not only helping executives manage benefits and make their jobs easier, it’s also helping them gain C-suite influence. Technology evaluation is referred to as a process of determining by quantitative and/or qualitative means the value of investing in technology . With advances being made in digital technologies, asset owners are requiring at hand-over a digital twin of their constructed facility that can be used in real-time to support operations and maintenance processes. There are enormous longer-term benefits for your organization to automate the strategy management process..benefits of using technology strategy management. By continuing you agree to the use of cookies. Built specifically to manage the supplemental benefits program, our end-to-end technology solution allows for integration, benefit management and compliance assurance. Do you want to discover exactly how Miramar:OTC can comprehensively support your needs? By continuing you agree to the use of cookies. https://doi.org/10.1016/j.autcon.2019.102930. We provide the knowledge needed to acquire the benefits from the implementation of a digital twin. The insights and experiences that have emerged from this research provide a frame of reference for construction organizations and asset owners to navigate the benefits realization and change management process, which can be used to ensure their investments in digital technology can effectively respond to business drivers and generate value. Built specifically to manage the supplemental benefits program, our end-to-end technology solution allows for integration, benefit management and compliance assurance. Copyright © 2020 Elsevier B.V. or its licensors or contributors. 2. We invite you to explore how our technology can support your needs through: For more information on how the Miramar:OTC technology solution can help you manage your OTC program and your OTC members, contact us at, (All Formats - Including 834 or Flat Files). A Business Dependency Network is used to examine the efficiency gains of using a digital systems information model. The ‘how’ of benefits management for digital technology: From engineering to asset management. ScienceDirect ® is a registered trademark of Elsevier B.V. ScienceDirect ® is a registered trademark of Elsevier B.V.

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