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Here are our picks from news about construction innovation and technology. Subscribe to the AEC Business Newsletter and keep tabs on our updates and news.
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November 28, 2023 | Business development
Have AEC-Tech Valuations Reached A Trough?
The article from BuiltWorlds discusses the impact of the US Federal Reserve’s monetary policies on AEC-tech valuations. Over the past 18 months, as the Federal Reserve raised the US 10-Year Treasury rate to combat inflation, venture capitalists and AEC founders faced challenges, with many startups closing or selling at a discount. However, the AEC startup ecosystem’s early stage of development and modest valuations helped avoid severe valuation drops. The article anticipates a shift in investor sentiment, as public markets have shown signs of recovery and private valuations are expected to follow. This change, coupled with the sector’s potential for digital transformation, positions AEC-tech ventures attractively for future VC investments. The Federal Reserve’s easing of monetary policies is expected to further bolster this trend by mid-2024, signaling a positive outlook for AEC-tech valuations in the coming quarters.
#contech #valuations #aecbusiness
Read moreNovember 28, 2023 | AI
Codesign adds carbon calculator and generative AI
Codesign partnered with 2050 Materials to bring an early-stage carbon calculator to its concept phase iPad app for architects. The company has also added a generative AI feature that turns simple massing models into rich visuals.
#contech #AI #aecbusiness
Read moreNovember 28, 2023 | Smart construction
Accelerating digital transformation in 2024
Paul Wilkinson, nima’s vice chair, says the alliance wants to help UK businesses deliver a strong return on their investments by accelerating digital transformation in 2024.
#contech #BIM #aecbusiness
Read moreNovember 28, 2023 | Smart construction
Planning for the year ahead: A look at how we build now
A survey of more than 1,000 construction professionals across the U.S. and Canada reveals that 28% of total project time is spent on rework, while 18% is spent searching for data.
#contech #aecbusiness
Read moreNovember 28, 2023 | Industrialized construction
AMC Bridge Presents Concrete 3D Printing Tech Demonstration
AMC Bridge’s Concrete 3D Printing for Autodesk Revit allows the detection of possible issues before the construction starts and ensures a smooth printing workflow.
#contech #3Dprinting #BIM #aecbusiness
Read moreNovember 27, 2023 | AI
Try AIMHI: The game-changing construction smart tool for engineers
AIMHI, an AI-driven construction cost optimization platform, uses real-time and historical data to learn project inefficiencies, manpower productivity, and overall cost behavior. The company’s founding members are three women.
#contech #AI #aecbusiness
Read moreNovember 27, 2023 | Industrialized construction
AI-powered robots primed to revolutionize construction industry
AI-powered robots can complete construction projects faster and safer than humans, researchers at the University of British Columbia believe. Robots will excel at modular construction but can also speed up individual processes in conventional on-site construction.
#contech #robotics #aecbusiness
Read moreNovember 27, 2023 | Extended reality
How this team planned for 3 different end users with VR
Construction pros from Rudolph & Sletten, Jacobs and Boulder Associates discussed the use cases for VR at the Design-Build Conference & Expo.
#contech #VR #aecbusiness
Read moreNovember 27, 2023 | Industrialized construction
After raising $600 million, proptech startup Veev is on the verge of closure
Modular construction technology startup Veev which raised a total of about $600 million is now on the verge of closure, according to Calcalist sources.
#contech #aecbusiness
Read moreNovember 24, 2023 | Smart construction
SmartHat is the Construction Wearable of the Future
SmartHat, a smart helmet, boasts real-time tracking features, environmental sensors, and tools to boost communication, collaboration and safety on-site.
#contech #safety #aecbusiness
Read moreNovember 24, 2023 | Industrialized construction
Panels slide onto apartment buildings to make them more energy efficient
Hydronic Shell Technologies, a startup, has devised prefab panels integrated with insulation, heating, cooling, and ventilation directed at renovating aged apartment buildings. Because the panels are mounted outside, tenants don’t have to leave during the retrofit.
#contech #sustainability #retrofit #aecbusiness
Read moreNovember 23, 2023 | Smart construction
How today’s contractors are leveraging data to reduce risk
The most budget-minded contractors are using data strategies to reduce insurance costs and obtain broader coverage.
#contech #aecbusiness
Read moreNovember 23, 2023 | AI
Graphisoft launches Archicad AI Visualiser
Archicad AI Visualizer, developed by Graphisoft and powered by Stable Diffusion, is a cutting-edge image generation tool that utilizes AI technology to produce realistic 3D visualizations during the initial design phase. It features a user-friendly interface specifically tailored for architecture and interior design professionals.
#contech #AI #BIM aecbusiness
Read moreNovember 23, 2023 | Smart construction
3 tips for contractors to leverage BIM
From aligning relevant parties to effective communication, experts broke down strategies at the Design-Build Conference & Expo.
#contech #BIM #aecbusiness
Read moreNovember 21, 2023 | Industrialized construction
Trimble completes first test of a fully autonomous soil compactor on live jobsite
Trimble has completed its first test of a fully autonomous soil compactor on a live job site.
#contech #aecbusiness
Read moreNovember 21, 2023 | Smart construction
Construction sector is ‘most targeted industry by cybercriminals’
Analysis conducted by cybersecurity solution provider CovertSwarm’s Offensive Operations Centre has shown that the construction sector has now become the most targeted industry by cybercriminals.
#contech #cybersecurity #aecbusiness
Read moreNovember 21, 2023 | AI
Voice-enabled equipment management platform promises time and cost savings
New AI-powered features for Foresight’s Fleet Intelligence solution allow it to be controlled by voice enabling users to speak into their mobile devices to ask for real-time information about the equipment being used for a project.
#contech #AI #aecbusiness
Read moreNovember 21, 2023 | AI
Startups must add AI value beyond ChatGPT integration
With startups competing for investment, the bar has been raised and AI elements are now essential to stay ahead of the game. ChatGPT has been an inexpensive and simple choice to achieve that; however, it looks like this is no longer going to be enough.
#contech #AI #startup #aecbusiness
Read moreNovember 21, 2023 | AI
Avvir announces product updates for more efficient construction workflows
Avvir, a New York City-based software company providing an automated risk analysis platform for construction firms, announced early this month a suite of new product enhancements.
#contech #AI #BIM #realitycapture #aecbusiness
Read moreNovember 21, 2023 | Industrialized construction
Four ways defence can lead construction’s net-zero drive
With the UK government’s 2050 net-zero commitment, the Ministry of Defence is setting out to build a more modern, fit-for-purpose and sustainable estate, driving change in four key areas.
#contech #sustainability #aecbusiness
Read more