Companies buy insurance to protect their bottomline in case of accident or delays; insurance companies create systems to protect their bottomline from too many claims. By helping their clients, insurance firms help themselves as well.
The Construction insurance business of AXA XL takes this idea to heart. AXA XL is the property, casualty, and specialty risk division of AXA, providing insurance and risk management products and services for mid-sized and larger companies. By creating the Construction Ecosystem, an integrated digital platform that employs construction technologies to monitor and aggregate data, AXA XL provides contractor clients with insights and benchmarks to help manage risks on their jobsites and across their organizations.
Accidents at intersections typically involve two or more vehicles contesting a space designed for one. All too often, however, a pedestrian is also involved, either with multiple vehicles or with one vehicle. Either way, it is usually the pedestrian who suffers the most.
The City of Denver has received a federal grant to deploy technology to address traffic congestion along with vehicle and pedestrian safety.
Decades of concern over the carbon footprint of buildings, the Green Building movement, has been focused on their use, the emissions being generated by the people in the building using heat and air conditioning, electricity and natural gas. Now, as the world becomes more aware of the potential for climate change to impact everyone everywhere, other aspects of the building are being brought into focus.
The use of buildings, starting with heating and cooling, has long been the largest producer of emissions in the built environment and so investments have been made in energy efficiency.
Construction, accepted by most states as an essential business during the COVID-19 pandemic, must accept the responsibility for keeping its practitioner safe and healthy. Several approaches to this include the use of AI(artificial intelligence) in various ways. According to Microsoft, 85% of Americans already use AI. Smart assistants in our homes, song recommendations from music streaming services, and even spam filters on email are all powered by AI. At its most basic, AI is a powerful automation tool designed to augment what people can do. To take advantage of this technology, we need a good understanding of its capabilities.
The news is filled with statistics and warnings related to the novel coronavirus/COVID-19 pandemic. In general terms, the information is valuable and timely. As states start to see the curve flatten, and plan for the emergence of business from their lockdown, construction companies will find various changes that need to be made. Obviously, some construction projects are being delayed or canceled as a result of COVID-19’s impact on the companies and governments that commissioned them. Further, possible supply chain bottlenecks of equipment and materials—including structural steel and glass from Asia—could cause project delays in currently funded projects, or reduced spending on future ones.
throughout the country, additional data throughput is necessary. Organizations large and small benefit from the use of cloud-based computing but integrated systems are still a mainstay for many. The worldwide market for these converged systems increased 1.1% year over year to $4.2 billion during the fourth quarter of 2019 according to IDC. One of the defined areas that is showing corporate interest is the hyperconverged system. Hyperconverged systems collapse core storage and compute functionality into a single, highly virtualized solution. A key characteristic of hyperconverged systems that differentiate these solutions from other integrated systems is their scale-out architecture and their ability to provide all compute and storage functions through the same x86 server-based resources.
The growth of advanced autonomous vehicles, including trucks, means a new industry will be quickly forming to handle maintenance and service. While (AVs) autonomous vehicles promise to drastically reduce operating expenses, there have been concerns about the aftermarket for services. Companies are offering myriad services for AVs, employing innovative business models threatening the dominance of OEMs (original-equipment manufacturers) for this segment of the market. A recent analysis by Frost & Sullivan indicates that the autonomous vehicle services market is expected to grow from a mere $1.1 billion in 2019 to $202.5 billion in 2030 at a compound annual growth rate of 60.1%.
While reports of construction sites being closed due to the COVID-19 pandemic and its associated economic downturn, some companies in the industries that support construction are stepping up to help. Software companies that specialize in construction are among those that are helping their clients to smooth out the path to maintaining employee proficiency while working at home or providing companies with software to make the slowdown less tragic to the company success. One company in the latter category is BuildBook. The owner’s family is in the custom home construction field, so it has a front row seat to what this situation is doing to the industry. Given that many states have mandated that small businesses (including construction) stop working and their employees stay indoors, this is an unprecedented disruption.
Today, construction companies can tap into an arsenal of tools and technologies to help perform work in a way that is productive and safe. Technology companies continue to come to market with new products aimed at improving business processes. Here’s a closer look at some of the new products and platforms on the market today. Modeling Moves Forward BIM (building information modeling) continues to advances, offering construction professionals the ability to use technology to improve business processes. One area in particular that is seeing an infusion of new capabilities is 4D modeling.
From March 10-14, manufacturers and construction professionals gathered at CONEXPO-CON/AGG 2020 to learn about the latest in equipment. Multiple construction and construction materials industry segments were represented. Here’s what you might have missed.