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Hi 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 goin

by yannche 11y ago

Hi 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 ago
Hi 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.