If construction software had existed in ancient Egypt, the building of the pyramids would have gone much more smoothly. However, they may not have been pyramids!
A U.S. insurance company called GEICO has been running a series of comedic television commercials. The theme of the campaign is that 15 minutes can save you 15% or more on your car insurance premiums.
One of the current commercials starts with two contemporary construction workers talking on their lunch break. It ends with a pharaoh in ancient Egypt discovering that the newly built pyramids in the distance don’t match the cubic design on the blueprint in his hands. [Continue Reading This Article…]
Grant Thornton International, a global advisory firm, recently issued a report on fraud in the construction industry in Australia, Canada, India, the U.S., and the U.K. The statistics are sobering:
- 3.4% of all fraud cases reported over a two-year period were in construction
- The median average loss was US$300,000
- Fraud impacts 10% of the industry’s total revenues in the U.K.
- Applying these data points to global construction and its projected growth suggests that fraud and corruption could account for US$860 billion today and $1.5 trillion by 2025.
[Continue Reading This Article…]
McGraw Hill Construction has just published a new SmartMarket Report – Information Mobility: Improving Team Collaboration through the Movement of Project Information. The report surveys 300 general contractors and specialty trade contractors in the U.S. on a range of issues related to the mobility and management of construction project information. See a brief review of the report in ENR and purchase the document here.
The consensus of the findings is that technology has significantly improved the flow of project information to enhance collaboration and productivity. However, there remain challenges around access to field data away from the jobsite and the tracking of project information as it flows between different companies on the project team. [Continue Reading This Article…]
Image: Emergence Capital Partners
Gordon Ritter, founder and general partner of Emergence Capital Partners, recently published an article in TechCrunch, titled “How to Tell if You’re in a Cloud-Friendly Industry”. In it, Ritter ranks industries that are more or less conducive to Software-as-a-Service (SaaS) strategies and factors that make them so.
In the top tier of ‘cloud-friendliness’, Ritter places healthcare and education. He indicates that SaaS solutions help healthcare companies stay current in a strongly regulated industry, while educational institutions require applications that are designed for non-desk workers and leverage big data. [Continue Reading This Article…]