CONSTRUCTION

Extracker to showcase innovative COR communication platform at ENR FutureTech

Extracker | June 03, 2022

ENR FutureTech
Extracker, the construction industry's only change order communication platform, which supercharges manual workflows and connects companies outside of their internal-facing financial software, will exhibit its innovative COR and digital T&M Tag platform at ENR FutureTech, June 8-10 in San Francisco.

ENR FutureTech is the construction industry's premier technology forum for connecting with leaders in the construction tech, architecture and engineering spaces. The two-day event will focus on exploring the latest innovations in construction technology.

For general contractors, subcontractors and project owners to effectively communicate Change Orders and minimize risks, they need a digital platform that streamlines these processes. As we continue to help the industry make massive efficiency gains, digital CORs and T&M Tags are a way for every stakeholder involved, from project teams to executive leadership, to create, track and share COR data in one place."

Cameron Page, founder and CEO of Extracker

"Especially in times of tighter margins for the industry, Extracker provides contractors a necessary tool that creates consistency and transparency on project financials, so all stakeholders can stay up-to-date on Change Orders and cost exposure at all times."

As a cloud-based software, Extracker helps contractors organize change order communication to speed up processing time, close out extra work faster, and maintain better customer relationships. This year, Extracker has announced several upgrades and integrations that will empower contractors to eliminate unnecessary risks, stay on budget and increase transparency between all stakeholders throughout the lifecycle of a project.

"At Extracker, we are always evolving and finding innovative ways to better equip our customers with the tools they need." Page said. "With our presence at ENR, we want to show Innovation and IT leaders that Change Orders don't have to cause headaches or waste time.  They can be finished in real time and with greater accuracy with the click of a button."

About Extracker
Extracker's mission is to help the commercial construction industry get extra work processed and closed faster in order to reduce risk, waste less time, and increase transparency.  This is done through the industry's only Change Order Communication Platform, which supercharges extremely manual workflows and connects companies outside of their internal financial software to resolve change orders in real-time. Along with a collaborative cloud-based log, Extracker includes digital Time and Material Tags, standardized Change Order Templates, trackable Change Notifications, and more, to organize and streamline the process.

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ENGINEERING TECH,CONSTRUCTION

Sensormatic Solutions by Johnson Controls Expands Its Computer Vision Offering to Address Retail’s Most Pressing Challenges

Johnson Controls | September 16, 2022

Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, has expanded its computer vision analytics offering, which focuses on driving sales, reducing risk and enhancing the shopper experience. The company’s computer vision solutions are created in partnership with Intel and optimised for retail using proprietary Sensormatic IQ artificial intelligence (AI) algorithms. With Sensormatic Solutions’ computer vision capabilities, retailers can leverage existing video infrastructure and a smart hub appliance to tap into the data needed to open a world of problem-solving solutions across the retail landscape. First introduced in 2021, Sensormatic Solutions’ computer vision offering can be easily deployed using a smart hub device in conjunction with existing camera infrastructure, to facilitate streamlined, cost-effective adoption of next-generation AI in retail environments. Computer vision automates tasks and derives meaningful information from video footage in real time, helping to strengthen loss prevention efforts, provide insights on shopper behaviour and maintain safe environments for shoppers and assistants. The flexible architecture of this solution allows retailers to tailor systems to their unique needs. Computer vision analytics can be used to address a wide range of real-world challenges, including customer engagement, stocking, labour allocation, loss prevention, shopper satisfaction and much more. Current capabilities include: Shelf Sweep Detection: monitors shelf activity for large-scale removal of items so that in-store personnel can take pre-emptive measures to mitigate theft. Alerts assistants of low stocks and tracks the movement of high-value items that are taken from shelves. Vehicle Alert: monitors car parking areas to identify unauthorised or abandoned vehicles and to monitor customer wait times in order to mitigate organised retail crime (ORC) and improve customer experiences. Loitering Monitoring: helps retailers to mitigate ORC events by identifying individuals lingering in low-traffic areas after business hours, when criminal activity is more likely to occur. Group Detection Alert: monitors any groups entering or forming within stores and alerts assistants to help prevent ORC events. Traffic Pattern Insights: observes paths to purchase and shopper movements throughout the floor to facilitate more effective layouts, stocking and more. Slip-and-Fall Detection: monitors sales floors for shoppers who may have injured themselves on the premises. Audience Measurement: provides insights into shopper demographics and sentiments so that retailers are equipped with the necessary data to curate exceptional shopping experiences by tailoring marketing plans, promotions and offerings to their unique customer base. Dwell Time Measurement: analyses the length of time customers spend engaging with different displays to help retailers evaluate the effectiveness of their campaigns and promotions. “We’re working side-by-side with incubator customers to identify and design timely solutions that target the most challenging retail problems; our computer vision offering allows us to solve these problems and streamline operations using existing video infrastructure, The technology architecture allows retailers to add and remove computer vision analytics capabilities as needed to complement their current solutions. The latest enhancements can help retailers to learn about customer behaviour, mitigate losses and develop better shopping experiences, while also allowing them to look beyond loss prevention for video integration.” -Subramanian Kunchithapatham, chief technology officer at Sensormatic Solutions. These product enhancements come at a time when the popularity of AI-based video monitoring is growing in the retail industry. A recent study conducted by Sensormatic Solutions and Coresight found that 43% of retail leaders surveyed currently use AI to analyse in-store video, and a further 31% expect to adopt these solutions in the next 1-3 years. Sensormatic Solutions is at the forefront of this growing market and has recently been named one of Business Innovation Group's 2022 AI Excellence Award winners for its computer vision capabilities. About Johnson Controls: At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. Building on a proud history of more than 135 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering. Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry. About Sensormatic Solutions: Sensormatic Solutions is the leading global retail solutions portfolio of Johnson Controls powering operational excellence at scale and enabling smart and connected shopper engagement. Our intelligent digital operating platform – Sensormatic IQ – combines the full Sensormatic Solutions portfolio, including third-party data to deliver unmatched insights into shopper experience, inventory intelligence, loss prevention and operational effectiveness with advanced technologies, like AI and Machine Learning. This enables retailers to act on prescriptive and predictive data-driven outcomes to confidently move into the future.

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CONSTRUCTION

FMI’s State of Global Preconstruction Report Reveals Significant Upside from Investment in Effective and Digitized Preconstruction

Procore | September 21, 2022

In partnership with Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, FMI Corp. released the results of The State of Global Preconstruction Report. This report discusses the current environment for preconstruction and the characteristics of organizations that do it well, including what constitutes above-average preconstruction processes and the effects of efficient and digitized preconstruction. This report, sponsored by Procore Technologies, is authored, researched and published by FMI, a leading consulting and investment banking firm dedicated to serving companies working within the built environment. This year, Procore partnered with FMI to survey 979 construction industry stakeholders worldwide. Participants were asked to describe the preconstruction practices in their organizations, tools and technologies, project experiences and outcomes. “The results from the State of Preconstruction survey are clear: investing in preconstruction can provide tangible returns on profit, schedule and client satisfaction, Many of the most successful contractors around the world focus their efforts on preconstruction because ultimately, better planned projects drive better outcomes. Data shows that organizations are willing to invest in preconstruction, and construction is not slow to adopt technology but waiting for the right tech for their businesses. We’re proud to invest in Procore's Preconstruction solution, which can help users manage designs, estimates, bids, and budgets across projects on one, integrated platform.” -Tooey Courtemanche, founder, president and CEO of Procore. About Procore: Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. About FMI: FMI is a leading provider of consulting and investment banking services to the built environment. We provide services in the areas of strategy, leadership and organizational development, performance, technology and innovation, mergers and acquisitions, financial advisory and private equity financing.

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SAFETY AND REGULATION,ENGINEERING TECH

Trimble RTX Integrity Validates Positioning Data Accuracy to Support Safety-Critical Applications

Trimble | August 12, 2022

Trimble (NASDAQ: TRMB) introduced today data integrity monitoring for its precise point positioning (PPP) correction service, CenterPoint® RTX Fast. The Trimble RTX Integrity™ monitoring system is an innovative, patented solution, built in direct response to client requirements for production-ready applications. It continuously validates the reliability of correction data processed by the network, which is broadcast to users in the agriculture, geospatial, construction and automotive industries, ensuring positioning data is right the first time. Through a unique two-step process, the Trimble RTX Integrity system verifies the integrity of GNSS data received from satellites and filters faulty information in the network server before the data is broadcast. A secondary post-broadcast check is conducted on the entire data transmission process where additional errors may be detected and removed. The integrity monitoring system is fully automated and reacts in seconds to detect, isolate and block faulty data to provide even more highly accurate and reliable positioning. Trimble RTX Integrity is comprised of independent monitoring stations strategically positioned across RTX Fast networks in the United States, southern Canada and across Europe. These stations continuously monitor data output during multiple stages of the Trimble RTX positioning process. Any suspicious satellite data is removed during the integrity protection process and positioning is calculated using only validated data. Trimble Alloy™ GNSS reference receivers power the independent monitoring stations using redundant internet connectivity for added reliability. To date, no other positioning network offers the same level of data integrity validation across such expansive, contiguous geographies. Trimble RTX Integrity monitoring system was developed in accordance with Automotive Software Performance Improvement and Capability dEtermination (ASPICE) and ISO 26262 automotive safety standards, making it easy to integrate into major automotive manufacturers' autonomous driving systems. Trimble RTX Integrity can also be used by Trimble's customers in the agriculture, geospatial and construction industries to ensure correction stream integrity and reliability for applications such as machine control and high-accuracy surveying applications. "Trimble remains committed to exceeding expectations by providing accurate corrections to our customers to support safety-critical and other day-to-day applications, Implementing additional checks and balances to ensure our data is authenticated, trustworthy and accurate is of paramount importance to maintaining the integrity of our RTX network and instilling confidence with our users that the data is correct." -Patricia Boothe, SVP of autonomy, Trimble. About Trimble Autonomy: Trimble Autonomy delivers leading positioning and orientation technology to major industrial markets worldwide. This approach to autonomy is built on decades of engineering expertise, system intelligence and field-proven solutions, covering billions of acres and millions of miles. Trimble's autonomous technology enables advanced action in any environment, designed to meet the unique needs of our customers no matter where they are on their autonomy journey. About Trimble: Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

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PERSPECTIVES,ENGINEERING TECH

Digital Engineering Growth Fuels Rush for Talent in Europe

ISG | June 30, 2022

Software is playing a growing role in reshaping engineering at European companies, causing a major upheaval in the digital engineering services market as providers scramble to hire more developers, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Digital Engineering Services report for Europe finds digital transformation has emerged later in Europe than in other regions but is now growing at a pace that is rapidly changing the market for engineering services. Providers from outside Europe are expanding their presence there, while European providers of traditional engineering services are trying to enter the digital market. “For many European companies involved in engineering, software is becoming a much more important part of their product and customer development strategy, Engineering services firms in Europe are teaming up with international providers to secure enough developers to meet the rising demand.” -Gaurav Gupta, partner and global head, digital engineering, at ISG. Several factors have slowed Europe’s adoption of digital engineering technologies and services, Midsize companies dominate most industries in the region and tend to favor in-house development. Some industries, including automotive and aerospace, turn to their close-knit supplier networks rather than to large service providers for engineering. And most European companies develop products so specialized that the internal mechanical, electronics and software teams need to work closely together, making extensive sourcing of engineering skills more difficult and complex. However, many industrial companies in the region are now motivated to undertake digital transformation, ISG says. Discrete industries are adopting automation because of high labor costs and increasing regulation, while also using new technologies to meet growing demand for highly customized products. In Europe’s process industries, massive enterprises with huge plants are implementing digital solutions to monitor, control and visualize all processes so their facilities can run for long periods of time without interruption. They are also adopting technologies to secure their assets from cyberattacks. Sustainability is part of most conversations, and enterprises are working quickly to align their digital engineering strategies with their sustainability commitments. As more customers demand digital services and direct access to manufacturers, companies in Europe and other regions are focused on creating digital customer experiences, the report says. An ecosystem of partners is emerging to make up for the lack of in-house expertise at many enterprises, creating a major opportunity for service providers. The 2022 ISG Provider Lens™ Digital Engineering Services report for Europe evaluates the capabilities of 41 providers across five quadrants: Design and Development, Connected & Intelligent Operations — Discrete Industries, Connected & Intelligent Operations — Process Industries, Integrated Customer/User Engagement and Experience, and Platforms and Application Services. The report names Accenture, Cognizant, HCL and Wipro as Leaders in all five quadrants. It names Capgemini, Infosys and TCS as Leaders in four quadrants each. The report names LTTS as a Leader in three quadrants and HARMAN Digital Transformation Services (DTS) as a Leader in two quadrants. AVL, Ferchau, FEV, IAV, Tech Mahindra and Zensar are named as Leaders in one quadrant each. In addition, Mphasis is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in three quadrants. Cyient, GlobalLogic and Tech Mahindra are named as Rising Stars in one quadrant each. About ISG Provider Lens™ Research- The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG- ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

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