Posts tagged with "Technology":
Creating value across the boardData drives innovation, and value creation must remain front and center of the process. Otherwise, organizations risk going out of business if they focus solely on technology for technology’s sake, he says. “Part of the way we want to make sure we’re driving that [value] consistently in the innovation that we’re supporting is, ultimately, 'the juice is worth the squeeze.' You want to find something that’s going to matter.” And what counts isn’t just making incremental improvements to specific functions within the design and construction industry, which Mayer observes is highly distributed. Rather, it’s about taking a holistic view and rethinking the entire process end-to-end, he says. “I think we are at a point in time where looking both at opportunities vertically—which is traditionally where I think people would focus on productivity gains—but also looking horizontally at the entire value chain of the construction process from the initial touch point with the owner, through the design, through the financing stages, through the planning and optimization stages, through the execution and construction control periods into the warranty and the quality control process,” he explained. “The idea about how to scale innovation is a big opportunity for us in the industry.”
The right tool for the jobTo that end, Suffolk Construction has created “smart labs” internally that serve as sort of operations control towers where technologies can be invented, tested, implemented, and scaled. Utilizing a series of interconnected screens on what Suffolk calls "huddle walls," the team at Suffolk can simultaneously view project information and financial reports or engage in lean strategies and design planning throughout the lifecycle of a project. The labs also feature a virtual reality "cave" with head-mounted displays in which projects can be viewed individually or as a group. Naturally, Mayer doesn’t see immersive technology as a replacement for existing communication tools, but rather as an alternative. “When I look at virtual reality or augmented reality… I see those as additional options to add value to the conversation,” he said. “Because some information is going to be most effectively delivered in sort of static form on an iPad, but some of it is going to be much more effective if you put on a headset and engage with it.” Whatever is most effective—whether it’s a 3-D model, a 2-D model, or shop drawings—is the tool that should be used, he adds. At the end of the day, that’s what adds the most value.
Notable alumni include:
The founders see potential for their technology to be crucial for urban developers, autonomous vehicles, public transportation, and infrastructure. It allows for real-time, constantly updated 3-D mapping of cities.
The portable solar power company creates lightweight solar panels and solar-powered solutions for people, products, and structures alike.
This company develops ergonomic solutions for injury prevention and peak performance for the industrial workforce, including the construction industry.
An architecture and urban think tank that advances ecological design in derelict municipal areas. Terreform is New Lab’s only nonprofit and its only architect-centric member.
Some of the residents include
The architecture firm investigated new framing systems for mass timber.
The engineering company explored inflatable shading devices.
MIT students have created self-deploying fabric canopies that can be dropped via aircraft.
This construction manufacturer is developing a system for robotically constructing masonry walls.
Notable alumni include:
Defended thesis in November 2016 and is now an assistant professor in the School of Construction Management Technology and the Department of Computer Graphics Technology at Purdue University.
Graduated spring 2016 and is now an assistant professor in the department of architecture, Universidad Técnica Federico Santa María.
Defended thesis in November 2015 and is now an assistant professor at Louisiana State University, Baton Rouge, in the department of construction management.
Defended thesis in fall 2015 and is now an assistant professor at the School of Architecture, University of Kansas.
Defended thesis in December 2015 and is now the strategy lead and senior product line manager at Cisco.
Current portfolio companies include:
An all-electric bus manufacturer with goals to create 100 percent zero-emission transportation.Ampaire An all-electric airplane fabricator.
A cloud-based software-procurement platform.
A prefab home company based in California.
A touch-and-vision-based industrial robot manufacturer.