Challenges and Opportunities in Prefab and Modular Construction

Electrical Construction & Maintenance Magazine | September 17, 2019

For savvy electrical contractors with an eye on working smarter on job sites, using prefabricated electrical products or systems they build in their own shops or purchase from electrical manufacturers is nothing new. But at this year’s NECA Show in Las Vegas, it seems like more exhibitors than ever were promoting prefabricated products. Whether the products were somewhat simple, like ground wires pre-installed in metal boxes, fixture whips, or boxes with screws already backed out, the electrical manufacturers seemed to have the same goal in mind - help electrical contractors work, faster, safer, and more profitably on job sites.

Spotlight

All-pervasive process automation remains the holy grail in the enterprise landscape, the substantial productivity benefits delivered by lean techniques and workflow standardization notwithstanding. This could change dramatically with the advent of Robotic Process Automation (RPA), which can foster enhanced operational efficiency in a non-intrusive manner by harnessing existing IT systems and the in-depth knowledge of day-to-day operations.

Spotlight

All-pervasive process automation remains the holy grail in the enterprise landscape, the substantial productivity benefits delivered by lean techniques and workflow standardization notwithstanding. This could change dramatically with the advent of Robotic Process Automation (RPA), which can foster enhanced operational efficiency in a non-intrusive manner by harnessing existing IT systems and the in-depth knowledge of day-to-day operations.

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ENGINEERING TECH

Fidelity Launches Portfolio Quick Check, Expanding Portfolio Construction Solutions for Advisors

Fidelity Institutional | May 18, 2022

Fidelity Institutional, the division of Fidelity Investments dedicated to providing technology, solutions and insights to wealth management firms and institutions, today announced the expansion of its suite of portfolio construction solutions with the launch of Fidelity Portfolio Quick Check (PQC). This free, fully digital tool builds upon the access Fidelity Institutional® offers its advisors, allowing them to now analyze and compare investment strategies in minutes to manage portfolios more efficiently. The launch is the latest example of Fidelity’s commitment to continually invest in technology and tools to meet the changing needs of client and customer needs. Through on-demand scenario planning and analysis of portfolio composition, performance, fees and risk, advisors can discover new opportunities to improve investment strategies and demonstrate the benefits of actively managing investments to their clients. PQC has been in pilot with 300 wealth management firms since the end of 2021 and is now available to all Fidelity Institutional clients. According to a recent Fidelity study on advisor investment decision-making, client risk tolerance (83%) and unique needs (74%) are the top determinants of an advisor’s portfolio construction strategyi. By providing a less time-intensive option than its manual counterparts, PQC helps advisors personalize experiences for investors. It can also help advisors navigate the challenges associated with today’s market environment by providing quick insights that help them make more informed decisions aligned to economic activity. “As advisors look to navigate the challenges created by headwinds in today’s global macro markets, our PQC offering allows them to instill an industrial portfolio construction framework that is scalable and personalized, We are drawing on Fidelity’s 75-plus-year history of money management and technology leadership to provide a tool that not only helps advisors improve their outcomes, but also frees up time for advisors to have more meaningful conversations with their clients on life goals and fulfillment.” Mayank Goradia, head of investment product and portfolio analytics for Fidelity Institutional PQC delivers a multi-level analysis on portfolio composition and performance attribution, packaged neatly as a customized report for investors. The analysis includes: Portfolio Observations, providing qualitative insights into improving a client’s and an advisor’s portfolio and alignment to robust Fidelity thought leadership for more details that can help guide client discussions Fixed Income Analysis, Fidelity’s proprietary evaluation of holdings-based data for uncovering hidden exposures, as well as opportunities across sectors, credit quality diversification and fixed income characteristics Equity Analysis, enabling portfolio comparisons to the 11 commonly recognized Global Industry Classification Standard (GICS) sectors by style and market cap, as well as geography and equity characteristics Performance & Risk, evaluating 3- and 5-year performance statistics, comparing Sharpe ratio measures (risk-adjusted returns), observing market participation and reviewing the overall correlation between individual securities Historical Market Events, insulating portfolios from unnecessary risks by analyzing performance in hypothetical and previous market conditions Asset Allocation, seeing how assets compare to the benchmark an advisor sets for their client’s portfolio by region, asset class, management style and at the fund level. Portfolio Quick Check enhances Fidelity’s mission of bringing portfolio management to scale, expanding access, and creating more efficiency for advisors. It joins Fidelity’s suite of portfolio construction solutions, including one-on-one consultations and custom model analyses that advisors can request through their Fidelity wholesaler or relationship manager. About Fidelity Investments Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $10.5 trillion, including discretionary assets of $4.0 trillion as of April 30, 2022, we focus on meeting the unique needs of a diverse set of customers. Privately held for over 75 years, Fidelity employs more than 58,000 associates who are focused on the long-term success of our customers.

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ENGINEERING TECH

FPT Software Collaborates with Solibri, Offering Tailored Solutions to Improve Architecture, Engineering and Construction Projects

FPT Software | August 04, 2021

FPT Software has recently become a third-party developer of Solibri, the Finland-based market leader in quality assurance and quality control for digital construction. Vietnam’s leading IT firm aims to support more enterprises in the architecture, engineering and construction (AEC) industry with customized solutions to solve their specific issues regarding quality assurance and control. FPT Software is the first company in the Asia-Pacific region to join Solibri’s third-party developer network. The two sides plan to address specific development needs stemming from business sensitive cases, local building requirements and regulations. Granted with Solibri’s Not for Re-sale license, FPT Software can also help businesses in the AEC industry save annual license costs for deploying Solibri Office. Solibri Office is a quality assurance software solution that validates the integrity, quality and physical safety of architectural designs based on Building Information Modelling (BIM), thereby enhancing the productivity and cost-effectiveness of digital construction processes. To be qualified as a third-party developer, FPT Software had to undergo a two-month training and examination process on Solibri’s solution and construction expertise. With its proven expertise in digital technologies and in-depth domain knowledge, the Vietnamese IT firm has also actively interacted and proposed suggestions to improve the model checking solution on Solibri’s forum. “We are proud to join Solibri’s efforts in accelerating the adoption of digital technologies in architecture, engineering and construction companies. This is a testament to our capability and also aligns well with our strategy to expand the service portfolio to serve a wider range of businesses”, said Nguyen Duc Kinh, FPT Software’s Senior Vice President, Head of Automotive & Manufacturing. “Growing the Solibri ecosystem with skilled development partners is necessary to be able to answer to the raising customer need of tailored and custom rules and functionality. FPT is already trusted by our key accounts and also has been working successfully on Solibri assignments in a common project.” Ville Kyytsönen, CEO, Solibri, Inc. Earlier this year, FPT Software launched a joint venture with Japanese Smart Holdings, aiming to expedite the development of smart cities by focusing on the key industries, including manufacturing, automotive, and construction. The company sets to become a world-class digital transformation and IT services provider. About FPT Software FPT Software is a global technology and IT services provider headquartered in Vietnam, with more than USD 513 million in revenue and 18,000 employees in 26 countries. As a pioneer in digital transformation, the company delivers world-class services in Smart factory, Digital platforms, RPA, AI, IoT, Cloud, AR/VR, BPO, and more. It has served 700+ customers worldwide, a hundred of which are Fortune Global 500 companies in the industries of Automotive, Banking and Finance, Logistics & Transportation, Utilities, and more. About Solibri Solibri is the leader in BIM Quality Assurance and Quality Control. Providing out of the box tools for BIM validation, compliance control, design process coordination, design review, analysis and code checking. Solibri’s corporate message is to develop and market quality assurance solutions that improve the quality of BIM-based design and make the entire design and construction process more productive and cost-effective. Solibri’s customers include major building owners, construction companies, architects and engineering firms in more than 70 countries. Solibri is part of the Nemetschek Group.

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DESIGN

INTERIOR DESIGN COMPANY HAVENLY ACQUIRES THE INSIDE

HAVENLY | February 19, 2022

Havenly, the largest online interior design service, announced it has acquired The Inside, a direct-to-consumer home furnishings brand that has grown nearly 600% in the past two years. The Inside unlocks access to made-to-order, customization options, historically only available at luxury prices. By combining two of the industry's fastest growing and beloved brands, the acquisition paves the way to create an innovative design ecosystem which will serve new and existing customers in exciting new ways. The marriage is a natural one: one of The Inside's top customer requests is for design services and Havenly designers have been some of The Inside's largest customers for years. Both brands share a similar mission to make home design an accessible and personalized experience for everyone. Under the terms of the deal, Havenly has acquired the key assets of The Inside, inclusive of its intellectual property and inventory. Financial terms of the acquisition were not disclosed. Havenly helps customers bring their dream home to life with one-on-one design help and hand-picked products tailored to their unique style, space, and budget. Havenly's expert designers create hundreds of thousands of individualized designs each year and invite customers to shop from the company's robust e-commerce platform featuring the most popular names in home retail as well as designer-exclusive brands. Acquiring The Inside comes as a natural extension of Havenly's mission to make home design an accessible and personalized experience for everyone; bringing affordable custom furniture and home decor to their customers. This acquisition comes on the heels of Havenly's multi-year partnership with Reese's Book Club and the acquisition of a cross-platform room layout and 3D visualization technology from Occipital, a leader in spatial computing. Together, these acquisitions and partnerships fit with the company's larger strategy of leveraging technology and innovation to deliver a best-in-class product experience that makes bespoke, personalized interior design accessible to everyone. "Our acquisition of The Inside and 3D technology from Occipital is a significant step in our growth strategy to revolutionize, digitize, and personalize the at-home design experience, We're already a go-to destination for those looking for design, inspiration, and home product recommendations, but now we can also service custom made products to suit our customers' wants and needs for a more hands-on design experience." -Lee Mayer, Co-Founder and CEO of Havenly. For The Inside, Havenly's nationwide scale and expertise open significant scale to The Inside's customized fabrics, furniture, and decor. The Inside Co-Founder Danielle Walish will join Havenly to manage the transition, integrate The Inside assets into Havenly, and capitalize on the shift in consumer design trends favoring prints offered by The Inside. She will be joined by all other current employees of The Inside. To learn more about Havenly's design services and e-commerce platform, please visit: www.havenly.com. About Havenly Havenly is the largest online interior design service that makes expert design accessible to anyone, regardless of budget or location. Havenly, founded by Lee Mayer, is a network of professional, highly screened and trained interior designers who create custom visual designs based on the client's unique style choices. They create hundreds of thousands of designs per year, making them the go-to source for in-home design inspiration across the country. Havenly's e-commerce platform is connected to hundreds of retailers for clients to make direct purchases with the guaranteed best prices. Start designing your space at Havenly.com or on the Havenly App, available on Apple App Store.

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