Tag: Business
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The Moment of Truth – AEC Business
What is the moment of truth of a construction project? It is when an on-site worker enters the jobsite to start doing whatever they plan to do. It is the culmination of a long process that started years ago and the start of a process that will end decades from now. That idea came to…
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How to Prep for 2025’s New Construction Business Agenda
You are probably in the process of closing out 2024 and finishing your game plan, budget and cash flow projections for 2025. You are doing this, right? Some of your planning was based on your thoughts about the outcome of the election. If so, at least 50% of you got it right. So, seeing that…
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Augmenta Gives Designers Superpowers – AEC Business
In this episode of the AI AEC Show, host Aarni Heiskanen interviews Aaron Szymanski and Francesco Iorio, the visionary founders of Augmenta, to explore how generative AI is revolutionizing design. Augmenta’s platform gives designers superpowers by automating complex workflows, doubling productivity, and enabling better, faster decision-making. Discover the fascinating origin story of Augmenta, born from…
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Onboarding Subcontractors with ShareFile – AEC Business
Construction is perhaps one of the most networked industries, with contractual relationships changing from project to project. Because of this, a general contractor (GC) frequently needs to onboard new subcontractors or trade partners and requires a simple, efficient process for managing documents and minimizing risk. Why systematizing onboarding pays Construction still includes a lot of…
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Let’s Talk Business Models – Amy Marks at WDBE 2024
Amy Marks, innovation SVP at Compass Datacenters and known as the “Queen of Prefab,” delivered her WDBE 2024 keynote in Tallinn. She shared her extensive experience in the construction industry, including her tenure as a Vice President at Autodesk and her ownership of several construction companies, one of which is among the oldest prefabrication companies…
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Experimental AI-Generated Episode of the AEC Business Podcast
How would you feel if an AI app turned your blog post into a natural-sounding conversation between two bots? I’ve tried many speech-related apps, but NotebookLM left me amazed. The post Experimental AI-Generated Episode of the AEC Business Podcast appeared first on AEC Business. View the original article and our Inspiration here
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Construction Productivity Measurement Conundrum – AEC Business
The Royal Institution of Chartered Surveyors (RICS) regularly publishes interesting reports about construction worldwide. I found their latest construction productivity report interesting. Two things stuck out for me: how companies measure productivity and what productivity interventions are most impactful. The report was based on RICS’ Q3/2023 Global Construction Monitor data, which surveyed 3285 company responses.…
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How to Ensure Construction Business Growth in Staff Shortages
Demand for construction is growing steadily, regardless of seasonal variations. At the same time, construction companies can’t hire enough skilled workforce. How does this discrepancy impact companies’ ability to grow and bid on new projects? The US construction industry is short half a million workers 41 percent of the construction workforce from before 2020 is…
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Construction’s Mission Impossible? – AEC Business
“Good morning, Construction. Your mission, should you choose to accept it, is to lead the construction industry in a high-stakes race against time. The challenge: double the industry’s growth by 2040.” That is the gist of McKinsey’s August 2024 article, “Delivering on construction productivity is no longer optional.” The article paints a picture of an…
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Making Renovation Less Risky – AEC Business
Dutch bank ING’s research found that the overall EU construction market’s share of renovation and maintenance grew from 48% in 2008 to more than 54% in 2022. Despite its prevalence, renovation remains a conscious risk-taking for developers and builders. Due to various surprises, the costs of these projects can increase unpredictably, and builders may even…