ENGINEERING TECH

Hexagon Backs a New Digital Planning and Construction Center

Hexagon | June 02, 2021

Hexagon's Geosystems division partakes in another middle at ETH Zurich (Swiss Government Organization of Innovation) as an essential band together with a gift through the ETH Establishment more than six years. The middle for Computationally Increased Plan in Design, Designing and Development, known as Design++, is proposed to assist ETH with encouraging its internationally driving situation in advanced plan, arranging and development.

The gift from Hexagon will fundamentally go towards building up another residency for Increased Computational Plan at the Design++ focus. The new focus means to foster advanced instruments and cycles that all the while improve configuration, help efficiency in the development interaction, increment the nature of structures and diminish their ecological effect. To this end, the spaces of design and structural designing fuse current information from computerized reasoning, zeroing in on AI and broadened reality.

The middle and the new residency mean to fabricate a scaffold between design, structural designing, development and software engineering.

"We are satisfied to report the association with ETH Zurich and Plan ++. We share the desire, reason, and business person soul with Plan ++. We are anticipating empowering experts to all the while increment efficiency, improve the nature of work measures, and generously lessen the ecological impression of the AEC business," says Thomas Harring, President Hexagon's Geosystems Division. "We have goal-oriented plans set up for AEC, and we are anxious to gain more from driving exploration foundations like Design++."

"Innovation advancement is a basic achievement factor for our business and a critical component of our DNA. Turning into an essential accomplice of Design++ permits us to bring our center ability into the organization and empowers us to drive together this innovation advancement for the AEC business," stresses Burkhard Boeckem, CTO at Hexagon. "We are anticipating teaming up in visual registering, vivid plan, expanded reality, and speeding up insight based innovations in the AEC space through this solid and significant association."

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Engineers and computer scientists problem-solvers and innovators. They are found in every field, from technology and telecommunications to healthcare and sustainable development. At UVic Engineering, we are creating practical solutions to real-world problems and making an impact on the lives of people, places and the planet.

Spotlight

Engineers and computer scientists problem-solvers and innovators. They are found in every field, from technology and telecommunications to healthcare and sustainable development. At UVic Engineering, we are creating practical solutions to real-world problems and making an impact on the lives of people, places and the planet.

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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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CONSTRUCTION

Autodesk Expands Learning Resources to Boost Digital Skills of Construction Teams in the Office, Trailer and Field

Autodesk | July 21, 2022

As part of its strategy to provide customers with digital tools for a competitive advantage in the market, Autodesk, Inc. (NASDAQ: ADSK) today launched the next phase in its effort to upskill current construction workers and help the industry engage the next generation of prospective recruits. The company's latest initiatives, Construction Master Class and the Autodesk Construction Cloud Learning Center, allow construction industry professionals to learn new skills, advance their career and future-proof their businesses. The construction labor shortage and digital skills gap are global challenges. According to the latest annual survey by Associated General Contractors of America and Autodesk, 89 percent of construction firms in America are having a difficult time filling hourly craft positions and 86 percent are struggling to fill salaried positions. Sixty-one percent of firms surveyed said their projects are being delayed because of workforce shortages. Globally, according to a recent Core Research survey commissioned by Autodesk of 300 construction professionals in Ireland, most professionals attributed their recruitment challenges to a lack of available skilled labor (59 percent) and a subset of this group (43 percent) believes labor is available, but company recruitment efforts are unable to attract the right talent. To help its customers and the construction industry more broadly address challenges around the digital skills gap, Autodesk has launched two new programs: Construction Master Class and the Autodesk Construction Cloud Learning Center. Construction Master Class provides online tutorials from industry leaders that are free to everyone. Hosted by top construction experts, the videos provide practical insights to empower participants with best practices on workflows and career advancement. Construction Master Class allows viewers to hear directly from industry leaders and Autodesk experts on how to deliver critical project outcomes like better cost control, improved quality management and standardized field collaboration workflows – all through a mix of personal stories, use cases and examples of "what not to do." Autodesk Construction Cloud Learning Center houses easy-to-follow courses free to everyone and translated into five languages on how to use Autodesk Construction Cloud products, including Autodesk Build, Autodesk Takeoff and Autodesk Docs. Learning paths include videos that provide specific and practical instructions on using Autodesk Construction Cloud solutions to excel with digital construction skills such as setting up project templates, tracking issues, managing RFI and submittal workflows and collaborating with project members. Since the launch of the Learning Center in the spring of 2021, there have been more than 42,000 course enrollments with registration from 134 countries. Autodesk has also established several other initiatives to help develop tech acumen in current construction workers and encourage a new and diverse set of workers to join the profession. These include: The Autodesk Membership Training Provider Program: More than 215 trade unions and industry associations are now enrolled in Autodesk's program that aims to increase the digital skills of members. Training centers in the MTP Program are provided with Autodesk software products, such as Autodesk Construction Cloud and Revit, for an annual subscription license fee. The program's benefits enhance BIM and CAD training efforts at current training sites and allow new sites to offer enhanced training initiatives with Autodesk technology. Autodesk's Make It Real program: A community education program encouraging young people to apply design thinking to real problems related to construction and the built environment. The program offers inspiration, learning and funding opportunities, including this year, $50,000 worth of microgrants provided through the Building Changemakers Giveaway. Recipients decide for themselves how to apply the funds where they are needed most, such as expenses to support training – ranging from tuition and certification fees to safety equipment and childcare. "As we have all acutely felt, the industry is facing major obstacles when it comes to hiring and retaining labor and skilled trades workers, There's huge demand not just for labor in and of itself, but for workers who have digital skills under their belt. Project-ready professionals need to be adept at using technology on the jobsite and in the trailer, as well as in the office. Autodesk's learning resources will enable us to upskill current members and provide new ones with the right tools to get quickly up to speed." -Ronald McGuire, program administrator at the International Training Institute. The labor shortage in the construction industry will only get more dire as the current workforce retires, with about 41 percent of current US construction professionals expected to age out by 2031, according to McKinsey, said Allison Scott, director of customer experience and industry advocacy at Autodesk. Our customers consistently voice concerns that though there will be an influx of new projects and roles, the industry is not bringing in enough people to fulfill their increasing needs or grow the right skillsets. Autodesk's construction learning initiatives are being employed to help companies move fast, so they can remain competitive and stay ahead of the curve during the industry's digital transformation. About Autodesk- Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all.

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MATERIALS,CONSTRUCTION

Phase Change Solutions Poised for Continued Growth and Innovation with Partnership and Investment from GAF

GAF | August 03, 2022

Phase Change Solutions (PCS), a leading smart materials company, today announced a strategic partnership with GAF, a Standard Industries company and North America's largest roofing and waterproofing manufacturer, for developing and commercializing advanced materials for thermal management. The partnership includes integration of PCS' core technology platform, BioPCM®, with relevant GAF products in the building and construction markets. PCS' unique BioPCM® solution products, which are designed to absorb and release thermal energy at precise temperatures, enable customers to reduce their carbon footprint and reduce stress on HVAC systems in buildings, data centers and telecom shelters, as well as enable temperature control of pharmaceuticals and food products during transportation. GAF's 2030 planet goals include extensive plans to reduce operational carbon in buildings and communities through its products, services and expertise. Advanced technologies like phase change materials are key to achieving these goals while offering sustainable and durable solutions to its customers. Both companies have initiated work plans to collaborate and integrate their respective technologies to drive energy efficiency across the built environment. In addition, GAF was the lead investor in PCS' most recent series C funding round, which included Emerald Technology Ventures, Circulate Capital, Third Prime, GC Ventures America and others. "Partnering with innovative and agile companies like Phase Change Solutions is part of our strategic growth and innovation plan, Integrating technologies like Phase Change Solutions will give us the ability to provide our customers with energy-efficient decarbonization solutions while continuing to deliver the trusted performance they have come to expect from GAF." -Jim Schnepper, CEO of GAF. Commenting on the collaboration, Govi Rao, CEO of Phase Change Solutions said, We are very excited to be part of the GAF ecosystem, which covers a broad range of building applications as well as the renewable energy space. He added, Combining our BioPCM® platform with GAF's robust technology matrix, brand recognition and market access is an ideal recipe to create and deliver scalable, sustainable and circular economy solutions to the customers. About PCS: Phase Change Solutions (PCS) is a global leader in the development and supply of phase change materials ("PCMs"). The company's proprietary PCMs, collectively referred to as BioPCM® have been certified to include 100% bio-based content and listed among the USDA's BioPreferred® products. BioPCM® can be designed to store and release thermal energy at temperatures ranging from -75°C to 175°C. This tuning capability of BioPCM® enables customers worldwide to lower operating costs, protect perishable food & pharma and reach their sustainable development goals (SDGs). About GAF: GAF, a Standard Industries company, is the leading roofing and waterproofing manufacturer in North America. For more than 135 years, GAF has been trusted to protect what matters most for families, communities and business owners with its innovative solutions and focus on customer service. GAF's leadership extends to its commitment to making a positive impact on its communities, industry, and planet.

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