In a successful construction project, investors, developers, main contractor and a network of specialised sub-contractors all need to work together in harmony. However, communications are complex and poor communication between the stakeholders leads to misunderstandings, mistakes, delays and disputes The construction industry is prone to unexpected events and accidents. These are common causes of stoppages and disputes, in which investors, main contractors and subcontractors lose money and time. A report quotes “failure to properly administer the contract” as the main underlying reason for a dispute, which may run over 15 months and cost as much as $34m. Delays are commonplace. A study of over 12,000 projects world-wide shows that 25% are delayed by more than 20% of time planned. The delays are notoriously caused by human factors and many could be avoided if reliable and timely information had been available. However, right now developers and contractors have poor visibility on such matters. Leveraging digital technologies and data would improve collaboration and integration of processes with the ultimate goal of increasing efficiency and productivity across the whole industry. For now, construction remains one of the least digitalised industries. In fact, less than 1% of revenue is reinvested in IT.
Construction is a huge market and a litmus paper for the condition of the economy. Also, the building and construction sector is a major pollutant, responsible for 39% of world carbon emissions. Making it more efficient and less wasteful is now a major challenge.
Evercam is at the forefront of bringing the power of visual communication tools to the construction industry. Our construction management cameras are installed on over 300 sites across Ireland, UK, Australia, Singapore and the USA. Images are collected continuously and can be used for promotional purposes, but more importantly, when shared with authorised persons, allow them to track the progress of work and can be used as evidence of activity on the construction site.
Our rapid company growth proves the market demand. We are the immediate answer to customer pain points and the evidence for this lies in actual user experiences. We are already making an impact on improving on-site collaboration with concrete examples:
More effective verification of supplier invoices
Removal of uncertainty from health & safety incidents leading to faster investigations
Early spotting of potential problems and deviations from the plan
With this project, we are now refining these systems and adding AI-powered capabilities for computer vision.
