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In Service Companies, There Is No Line Item for R&D

Originally posted on The Combine.

K.P. Reddy: "No line item for R&D in service companies"

Recently, Matt GrayBuiltWorlds founder and co-chairman of Graycor, a 90-year-old, Chicago-area general contractor, interviewed The Combine Co-founder and Partner, K.P. Reddy. We captured the interview on video, which is important, because this interview is one of the very few times you’ll ever see K.P. Reddy in a collared shirt and a coat. Here’s the video.

Notable Quotes from K.P.

The capital requirements to start an architectural firm are nothing. All you need is a customer.

The Combine works with large companies to spin out new tech companies.  Especially in service companies, they are so close to the customer’s problem. They understand the problem. They’ve studied the problem. Then they start trying to solve that problem, by launching a new service unit to focus on that problem. Or, these days, everyone wants to build a new piece of hardware or software.

There is no line item for R&D

But in these companies it’s about billable hours, project revenue, project margin. There is no line item for R&D. So we’re able to go into these companies and mine these really cool innovative ideas and spin them out as tech startups.

Higher ROI outside of their core business

The large companies also retain ownership in the startup. Startup valuations are very different than services firm valuations, and particularly engineering and architectural firms. So we’re able to in many ways generate higher ROI outside of their core business than within their core business.

6 Paths To Automated Construction Site +Why Geometry Is More Important To Offsite Construction Than Data + Tech Will Help Close Performance Gap +More

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Today’s Daily is sponsored by  6 Paths to the Automated Construction Site  | @asmedotorg While automation has transformed the world of manufacturing, construction remains relatively untouched by self-sufficient machines. That is about to change. Artificial intelligence, 3D printing, and robotics are poised to bring automation to building construction. Why geometry is more important to offsite …

The post 6 Paths To Automated Construction Site +Why Geometry Is More Important To Offsite Construction Than Data + Tech Will Help Close Performance Gap +More appeared first on BUILTR.IO.

Source: BUILTR

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Why your construction firm is really in the business of construction technology

The construction industry has a technology problem..
A 2016 survey by strategic advisory firm, KPMG, shows that the industry is ambivalent about technology uptake. While 61% of construction companies are using Building Information Modeling (BIM), the survey also found that firms are not investing in single, fully integrated project management information systems. Instead they are using multiple software platforms that are manually monitored, an inefficient use of software at best. This can lead to a perception that they are not getting full value from BIM because information is lost as it moves from design processes and into construction.

The article Why your construction firm is really in the business of construction technology appeared first on Built Worlds

Source: www.builtworlds.com

 

Bridgit brings digital transformation to construction sites

The construction site is rapidly transforming through the adoption of digital tools. Innovators are developing technology to help stakeholders deal with tasks in an effective and efficient way. Startup Bridgit is right at the heart of that effort.

 

Disruption key focus for GCC’s construction tech suppliers

Despite project scopes growing more ambitious, the construction sector’s productivity and adoption of the latest technologies continue to lag behind those of other sectors.

The post Disruption key focus for GCC’s construction tech suppliers appeared first on Construction Week Online.

 

Source: www.constructionweekonline.com

 

Komatsu, Trimble partner for 3-D construction data sharing

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Heavy equipment manufacturing giant Komatsu and positioning software maker Trimble are teaming up to enable the sharing of 3-D construction job site data.

The Post Komastu, Trimble partner for 3-D construction data sharing appeared first on Construction Dive.

Source: www.constructiondive.com

Exploring the Scale and Scope of the Architecture, Engineering & Construction (AEC) Industry at Spar 3D and AEC-STE

While keynotes from industry stalwarts like Paul Doherty and Aaron T. Becker and plenary presentations by Greg Bentleyand Burkhard Boeckem were considered by many to be the highlights of the SPAR 3D Expo and Conference, the biggest news from the show had actually come a few weeks earlier. In March, SPAR 3D and AEC Science & Technology (AEC-ST) announced that they would co-locate in June of 2018 in Anaheim, California.

The post Exploring the Scale and Scope of the Architecture, Engineering & Construction (AEC) Industry at Spar 3D and AEC-STE appeared first on AEC-ST

Source: AECST

 

Why Construction Sites Aren’t Ready for Automation

It seems inevitable that every industry will eventually start automating. In construction this moment has already arrived, partially due to the release of unmanned aerial systems, many of which include software and payloads designed to help companies create 3D maps of their worksites without any human intervention.

The post Why Construction Sites Aren’t Ready for Automation appeared first on AEC Science and Technology.

Source: AECST

SGA uses virtual design and construction technology to redevelop N.Y. building into modern offices

Spagnolo Group Architecture (SGA), the lead architect for the project, is making use of virtual design and construction (VDC) technology to help design, construct, market, and manage the redevelopment. Through the use of the VDC technology, SGA is able to visualize the building improvements and make design changes in real time.

The post SGA uses virtual design and construction technology to redevelop N.Y. building into modern offices appeared first on Building Design + Construction

Source: BDC Network