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Vernox Labs (YC S15) Mines Unstructured Data to Help Reduce Construction Costs
- georgeoliver 11y agoThis will be a great product if it works. I work for a small remodeling company (4 employees and the owner-operator). The owner does almost all the books, estimating/sales, and a good amount of field work. Job costing of course is critical but it's one of those tasks that isn't the highest priority when you have a million other things to do.
- vernoxlabs 11y agoGeorge, thank you for the post. The administrative strain on construction project team members today is immense. It's crazy how much information everyone is required to maintain and report in addition to actually building! We're definitely working to streamline this. - Michael
- vernoxlabs 11y agoThank you, Taylor, for posting. I'm one of the co-founders of Vernox Labs and would be happy to answer any questions that the HN community may have. -Michael
- NiranShrestha 11y agoHi Michael, nice concept but how are you going to collect data for the analytics.How rich, relevant and accurate the historical data to the project ?
- vinayak147 11y agoThanks for the query Niran. I am the co-founder of Vernox Labs. 1) The data is being provided to us by our customers. 2) Data is very rich. However, it is unstructured and that is a problem we directly address using our technology. 3) Even disparate projects have identical sub-systems. We actively create models for relevance between specific pieces of information across projects. Vinayak
- yannche 11y agoHi Great project. Do you have any idea of how much a construction company is going to save thanks to your software? Do you think construction companies are going to accept to share data with others? Let's say company A has faced a very complex measuring issue and has found an innovative and economic solution. Will it agree to share it on your platformbecause to me it sounds like helping competitors...
- vernoxlabs 11y agoHi Yannche, thank you for your post and questions. Regarding savings, we're very early on in our first pilots so I do not have firm data on what we will ultimately be able to save a GC or project as a whole. With that being said, there are public metrics available which point to upwards of 30% of all construction spending being unnecessary or waste. Can we bring that number down through our efforts? We believe so but time will ultimately tell. To clarify regarding sharing of data, none of our pilot participants are publicly sharing any data. We are definitely seeing that data privacy is of the utmost concern within this industry.
- yannche 11y agoHi Great project. Do you have any idea of how much a construction company is going to save thanks to your software? Do you think construction companies are going to accept to share data with others? Let's say company A has faced a very complex measuring issue and has found an innovative and economic solution. Will it agree to share it on your platformbecause to me it sounds like helping competitors...
- yannche 11y agoHey there Your customer segment sounds very interesting. There's clearly a need for your project (I'm kind of familiar with construction projects). However I don't get what you're offering and how it works. Can you please explain me again? May be I can help you in return. Thanks
- vernoxlabs 11y agoHi Yannche, why don't we connect via email and see if a follow up call makes sense to discuss. Can you shoot me an email so that we can coordinate: info [at] vernoxlabs [dot] com
- yannche 11y agoHey there Your customer segment sounds very interesting. There's clearly a need for your project (I'm kind of familiar with construction projects). However I don't get what you're offering and how it works. Can you please explain me again? May be I can help you in return. Thanks