utecture short-listed for AFR Boss Most Innovative Companies 2022
"This puts utecture amongst the 'cream of the innovation crop across Australia and New Zealand,'"said Gavin Tonnet, utecture's CEO Australia.
Now in its tenth year, the AFR BOSS Most Innovative Companies annual awards ranks the most innovative organisations from across industries in Australia and New Zealand. In 2019, the AFR BOSS Most Innovative Companies moved to industry specific lists and is the only national competition of its kind.
The AFR Boss Most Innovative Companies competition is judged and compiled by Inventium. Inventium’s panel of judges seek proof of ideas’ unique and problem-solving aspects as well as the idea’s impact during the past two years. Short-listed companies’ innovations are assessed for product, service, process, internal/HR, business model, marketing or social/community/CSR (corporate social responsibility).
Winners are announced on 13 October 2022 in Sydney before being published in AFR Boss the following day.
“This puts utecture amongst the ‘cream of the innovation crop across Australia and New Zealand,'”said Gav Tonnet, utecture’s CEO Australia.
“We’ve been busy – utecture is transforming buildings into data visualisations, which massively reduce the construction industry’s cost blowouts and carbon emissions.”
utecture’s pioneering cloud-based platform slashes design tweaks, communication iterations and requotes during a building’s design phase from 10-12 weeks to an hour.
The platform collates all of a building’s preconstruction real-time data into a “digital twin”. Through real time analytics, this virtual representation is designed to detect, predict, and optimise a business or project’s value.
utecture’s “single source of truth” digital twin design is ideal for the project’s home-buyer / property developer and its stakeholders (the architect, suppliers, builders, project manager, quantity surveyors) because it enables easy visualisation. Its collaborative user-friendly approach permits instant adjustments to data and processes without the problem of specialists independently causing further delays and a ballooning budget. It also helps minimise misunderstandings between the various construction process professionals – and the client.
Says Tonnet, “It’s the connections between data sets, big and small, that reveal insights powerful enough to transform businesses and industries.”
With population growth and Australia’s buildings generating up to 25% of its greenhouse gas outputs, the construction industry’s carbon footprint is projected to double by 2050. utecture’s automation and organisation of buildings’ supply chain data has been shown to significantly cut embodied carbon emissions in preconstruction and procurement.
“At utecture, innovation is in our DNA,” says Tonnet. “Treating building plans as shared data projects in the pre-construction phase is the way of the future. It’s crucial for reducing impact on the world’s climate and natural resources.”