Here’s how to apply AI to your construction business

Equipment Journal | March 09, 2020

Let’s clear up two things about artificial intelligence at the start. First, it’s a broad concept, not a specific product, in the same way hydraulics is a broad concept, not a specific product. Yes, both AI and hydraulics are fundamental to countless specific products, but neither is in and of itself a product. Second, you’re already using AI on a regular basis. You travel and pull out your smartphone to find the best place to get a burger in an unfamiliar city. A few taps and you have restaurant ratings, reviews, locations, menus, business hours, phone numbers and directions. That’s AI and, as it happens, quite complex artificial intelligence. The same is true with Amazon and other online shopping services and all social media. Now that we’ve cleared up those matters, the question is, how do I apply AI to my business? Just as you wouldn’t travel without your smartphone, you shouldn’t run your business without AI.

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New Research Report for Mining and Metals Balanced Scorecard is a model for managing a business; it was introduced by researchers Kaplan and Norton in the early 1990's to facilitate decision making and influence four areas. The goal with a balanced scorecard approach is to use business strategy to drive business actions. While m


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ENGINEERING TECH

Schlumberger Announces Deployment of Reservoir Engineering Digital Solutions for Global Customer

Schlumberger | March 09, 2022

Schlumberger today announced an enterprise-wide deployment of the cloud-based DELFI cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud. “This digital platform will drive workflow and data efficiency, enabling ConocoPhillips to meet their diverse reservoir engineering modeling needs worldwide, Expert teams from both companies will work closely together to integrate our cloud-based digital solutions and AI with ConocoPhillips’ reservoir engineering modeling and workflows.” Rajeev Sonthalia, president, Digital & Integration, Schlumberger Upon completion of the integration, ConocoPhillips reservoir engineers will have access to cloud-based, high-performance computing resources in the DELFI environment as well as Schlumberger’s reservoir engineering solutions including Petrel E&P software platform's Petrel Reservoir Engineering, INTERSECT high-resolution reservoir simulator, and ECLIPSE industry-reference reservoir simulator. About Schlumberger Schlumberger is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.

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CONSTRUCTION

Workorder Develops AI Software to Automate Construction Takeoffs, Raises $1.1 Million in Pre-Seed Funding

Workorder | March 25, 2022

Workorder, Inc., a construction technology startup, has raised a $1.1 million pre-seed round from UBMB and Mucker Capital to assist in the launch of its innovative software for the construction industry. Spencer Gaffney from UBMB has joined the company’s board of directors. Workorder’s software is a first-of-its-kind for construction estimating, as it uses image recognition, deep learning, and optical character recognition, among other technologies, to automatically detect, measure, and count objects in construction blueprints. Workorder has been operating in a private beta with many of the largest construction companies in North America, including DPR Construction, PCL, and Performance Contracting, Inc (PCI). “What has typically taken cost estimators days or weeks now takes minutes with Workorder, We strive to talk to as many estimators as possible, as often as possible. They tell us their pain points, and we listen with open ears. We are now saving the average estimator over 25 hours per week on quantity takeoffs, with more to come.” Marty Cornish, CEO of Workorder Early customers have shared feedback and feature requests. One such customer is PCI. "Working through drawings and getting takeoff completed for any project is about 75-80% of my estimating time,” said Jason Bough, Senior Estimator at PCI. “I see the potential for Workorder to cut the quantification time in half or better.” Currently, Workorder supports interior finishes: paint, drywall, metal framing, and acoustical ceilings. As the company expands, additional construction areas will be added. “Workorder is creating technology that allows people to do their jobs better, faster, and more easily than ever – that’s very powerful, especially in an industry like construction,” noted Spencer Gaffney, Partner at UBMB. “We are excited to partner with Marty, Henric, and the entire Workorder team to help them grow their business.” Cornish and Henric Harutunian, Workorder’s CTO, teamed up following their respective exits from previous companies. Cornish previously founded EasyPaint, a tech-enabled paint and drywall contractor, which was acquired in 2021. Harutunian previously founded Notable Solutions, a pioneer and leader in document management technology, which was acquired by Nuance (NUAN) in 2014. The serial entrepreneurs showed an initial prototype of Workorder to Mucker Capital and were promptly invited to join the Muckerlab program. William Hsu at Mucker Capital discovered the entrepreneurial duo and helped guide the early team in product and customer development. With this investment and support from UBMB, Workorder will make capital investments and will prepare for a widespread launch and a promising future. “Our goal is to build the best product we can and get Workorder in front of as many customers as possible,” Cornish continued. “Customers are telling us that they have been waiting for something like this, and it’s a big market. We believe we can build a significant business here with tremendous value for the construction industry, and we have the partners and support we need to take our next steps.” About Workorder Workorder is revolutionizing the construction industry with innovative technology solutions that accelerate cost estimating workflows. The company’s quantity takeoff product is the most automated solution on the market. Workorder’s mission is to increase the world’s confidence in construction through the fastest and most accurate cost estimating solutions available.

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CONSTRUCTION

BuildOps Delivers Advanced End-to-End Service and Project Management Solution for Joint Sage Intacct Customers

BuildOps | May 04, 2022

BuildOps announced a vital new partnership with Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses. As part of this new relationship, BuildOps has integrated with Sage Intacct and Sage Intacct Construction, Sage's cloud financial management solutions designed to meet the unique needs of many firms, including construction companies. Used together, BuildOps and Sage Intacct will streamline and integrate Service Management, Project Management, Dispatching, Time Capture, and core financial management activities – from initial quote to final closeout. "Connected cloud solutions are the future of construction-, service-, and project-based technology, By ensuring a seamless transition of service and project data from BuildOps to any one of the Sage Intacct versions, firms can expect significant improvements in workflow efficiency, information accuracy, and cost savings." BuildOps' Head of Growth, Glen West Both BuildOps and Sage Intacct are designed to eliminate the need for paper-based processes, improve data access, and enable collaboration among teams; a hallmark of cloud-based software solutions. "In many ways, BuildOps and Sage share the same vision for technology and meeting the needs of our customers," said Melody Williams, Head of Business Development for Sage Intacct. "As technology providers, we have both seen the positive impacts of our cloud platforms, and we look forward to the many benefits this new integration will deliver for our joint customers." About BuildOps BuildOps is an all-in-one cloud-based software solution that empowers commercial HVAC, plumbing, electrical and mechanical contractors to efficiently and effectively manage operations and field service on a single platform while maximizing efficiency and driving profitability. Founded in 2018, BuildOps has gone on to transform the lives of commercial contractors across the industry.

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CONSTRUCTION

Mighty Buildings Announces Three Senior Leadership Appointments

Mighty Buildings | April 18, 2022

Mighty Buildings, a technology company that is revolutionizing the construction industry through 3D printing, using advanced materials and robotic automation to create beautiful, sustainable, and high-quality homes, today announces three senior leadership appointments, as the company builds the foundation for its next phase of growth. Russ Atassi joins Mighty Buildings as Chief Operating Officer (COO), bringing more than 20 years of experience in supply chain, R&D and manufacturing operations through his previous roles at Airbnb, Facebook Oculus, Apple, Google, General Motors, and Ford. Throughout his professional career, Russ has developed and scaled global supply chain and hardware manufacturing operations for some of the leading tech companies in Silicon Valley. He holds a BSE (Industrial and Systems Engineering) from the University of Michigan Dearborn, a MSE (Industrial & Operations Engineering) from University of Michigan Ann Arbor, and a MS (System Design & Management) from Massachusetts Institute Of Technology (MIT). Rene Griemens has been appointed as Chief Financial Officer (CFO), and joins the company from Volocopter, the world’s first sustainable air mobility business where, as CFO, he led fundraising efforts totalling more than $340 million in equity and $1 billion in debt. His 30 years of global experience in high-growth technology, investment banking, and strategy consulting include his CFO role at German fintech Kreditech Group, as well as other executive roles at IEG, dooyoo.com, and McKinsey. Rene holds an MA in Economics from the University of Cologne and an MBA from INSEAD. Mark Aldrich has been appointed as General Counsel, bringing decades of legal expertise in regulatory compliance, product development, and go-to-market strategies. Prior to joining Mighty Buildings, Mark led the legal team supporting new product research and development at Airbnb. Before that, he served in long-term secondment roles as Senior Product and Privacy Counsel for Google, VMWare, Autodesk, NVIDIA, and Intel. Prior to moving in-house, Mark was in private practice, working as outside General Counsel to start up and emerging growth technology companies around the world. Mark earned a JD from the University of San Diego School of Law and a BS in Finance, Real Estate, and Law from California State Polytechnic University-Pomona. “I’m thrilled to have Russ, Rene and Mark join Mighty Buildings at this inflection point in our development as we expand our strategy to support our next stage of growth. The enormous experience and expertise that they bring will accelerate the roll-out of our platform to enable developers to rapidly scale housing deployments and make sustainable living a reality for more customers. The opportunity and demand are massive, and today we have the team in place to not only tap into that demand, but to do so with minimal carbon footprint and enviable speed of execution.” Mighty Buildings CEO Slava Solonytsin The company now employs more than 170 team members across the globe in its mission to pioneer new sustainable methods to build better quality and more resilient homes. About Mighty Buildings Mighty Buildings is a construction technology company that is dedicated to reimagining the building industry. By applying automation, 3D printing, advanced material science, and other innovative technologies to offsite prefabrication, Mighty Buildings can build houses with fewer labor hours, less residual waste, and reduced environmental impact than conventional construction. Mighty Buildings works with compliance and regulatory agencies to develop future-forward materials that are tested to the most rigorous standards with nearly zero-waste production methods. Having initially proven its business model with ADUs, Mighty Buildings has now shifted to a partnership approach, collaborating with developers to build large quantities of single-family homes, in various configurations, based on its unique panelized Mighty Kit System. Mighty Buildings is committed to making beautiful, sustainable, and high-quality homes a reality for more people.

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Spotlight

New Research Report for Mining and Metals Balanced Scorecard is a model for managing a business; it was introduced by researchers Kaplan and Norton in the early 1990's to facilitate decision making and influence four areas. The goal with a balanced scorecard approach is to use business strategy to drive business actions. While m

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