May 16, 2020

Construction Safety Week

Construction health and safety
Construction health and safety
Catherine Sturman
2 min
With over 60 partners and sponsors, Construction Safety Week has received significant attention worldwide, with a key focus to ensure employees are safe...

With over 60 partners and sponsors, Construction Safety Week has received significant attention worldwide, with a key focus to ensure employees are safe, raising increased awareness in the construction of world-class projects. Safety Week has shone a limelight on construction companies and their aim to become leaders in providing outstanding safety on site through sufficient collaboration and technological expertise. National Safety week is sponsored by members of The Construction Industry Safety Initiative (CISI) and the Incident & Injury Free Executive Forum (IIF). Additional support comes from the Alliance Partners, many of which are non-profit associations.

Creating a shared safety culture is paramount. Walsh Canada Vice President Craig Lesurf said, “It’s not about individual corporate safety statistics. Safety Week is about showing unity and leadership across the entire industry, that we must look out for one another to make sure that everyone goes home safe to their loved ones every day.”

Increased technologies

The theme for safety week being ‘In Our Hands,’ is highly significant. With over one million ER visits resulting from work-related hand injuries, according to AGC California, 70 percent could have been prevented if workers wore proper gloves. To this effect, Nottingham Trent University have created E-gloves to protect workers from dangerous vibration levels caused by various equipment on site.  Hand injuries are also second only to back strains as the main cause for absence at work, according to government agencies in the US and Canada.

With over 900 fatalities in the construction sector in 2015, New York has recently implemented new measures to ensure a reduction in worker fatalities and serious injuries. The new safety bill will adopt six areas of focus, where construction companies could face fines of up to $25,000. This is in addition to new technologies and apps to provide increase sharing and collaborative working, and give greater oversight within construction projects, along with increased security and visibility. In addition to traditional training, ClickSafety’s online learning management system helps provide sufficient training opportunities and solutions to support this collaborative and shared safety culture, and successfully sponsors National Safety Week.

Even transport companies are showing their support

The Florida Department of Transportation, Infrastructure Ontario and the LA Metro are all becoming involved in Construction Safety Week, providing an increased awareness of employee safety and wellbeing, and will be attending a number of events throughout the month.

For further information: http://www.constructionsafetyweek.com/

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Jun 14, 2021

XYZ Reality receives £20m to develop Assisted Reality

AugmentedReality
construction
DigitalTransformation
Technology
Dominic Ellis
3 min
XYZ Reality to use funding led by Octopus Ventures to springboard into USA and automatically report issues through Assisted Reality

XYZ Reality has announced a £20m investment round led by Octopus Ventures.

Founded in 2017, XYZ Reality aims to "revolutionise" the construction sector with its Engineering-Grade Augmented Reality (AR) solution, Holosite.

Designed to enable an on time and on budget delivery of construction projects, by eliminating building errors, HoloSite has been available to select customers through an early access programme and has already been used on projects totalling a value of over £1.5bn in the last year. 

With approximately 98% of construction megaprojects facing cost overruns or delays and 7-11% of project costs being spent on correcting errors, XYZ Reality’s purpose-built integrated AR solution directly addresses these issues.

With its safety certified AR hardhat, cloud platform and in-built proprietary software, Holosite accurately positions high fidelity 3D design models on construction sites, enabling teams to build it right, first time. The technology system has been used on complex construction projects including data centres, pharmaceutical facilities and airports.     

This funding will be used to accelerate the company’s ambition of transforming projects by preparing for HoloSite’s commercial launch in the USA and continuing investment in strengthening research and development. The company is also growing its London team to include key hires across technology, manufacturing, sales and marketing.

David Mitchell, Founder and CEO of XYZ Reality, said developing its engineering-Grade AR solution helping construction teams identify errors in real-time is just the start.

"The next phase is Assisted Reality, where our spatial computing technology will have the intelligence to automatically detect and report issues in the field. And ultimately, the goal is builders building from holograms. Our vision of developing world changing products aligns with Octopus Ventures’ mission of investing in companies that are powering the next industrial revolution. We look forward to building history.”

The latest round of funding is led by Octopus Ventures, one of the largest and most active venture investors in Europe, known for its commitment of investing in companies and founders that are changing the world. Octopus Ventures has a strong track record, spanning investment in health, fintech, consumer, B2B software, and deep tech. This includes WaveOptics, one of Octopus Ventures’ early investments in Augmented Reality, which was recently acquired by Snap Inc. 

Rebecca Hunt, early-stage investor at Octopus Ventures, said: "We’ve always invested in entrepreneurs leading industry change and XYZ is doing just that. It's solving a massive problem that costs the construction industry billions every year, using its Engineering-Grade Augmented Reality solution to spearhead a shift in the sector’s approach. The founding team of David, Umar and Murray have deep domain and technical expertise, which we believe makes XYZ uniquely placed to drive this transformation.”

XYZ Reality also announces a new partnership with Mace, for the construction of a hyper-scale data centre in Europe. With speed to market being particularly essential for mission critical builds, HoloSite’s AR technology will have a significant role in supporting an accurate and time effective build for Mace, which last week appointed Jon McElroy its new Managing Director for International Technology.  

Mace Technical Director, Stephen Henley, said: “Mace has built a reputation of redefining the boundaries of ambition, always bringing efficiency, innovation and responsibility to our projects. With the implementation of XYZ’s groundbreaking AR system, we continue to be committed to delivering projects faster, safer and better than ever before.” 

Five years ago, Heather Bellini of Goldman Sachs Research expected virtual and augmented reality to become an $80 billion market by 2025.

But according to new research by global tech market advisory firm ABI Research, nearly 28 million augmented and mixed reality smart glasses will ship in 2026, while the total global AR/MR market will surpass $175 billion in the same year.

"Major tech players across hardware, software, and services look familiar in the consumer space, contributing to strong and consistent overall growth," says Eric Abbruzzese, Research Director for ABI Research. "Those big tech names, with active investment and product ranging from already available, to announced, to all-but-announced, are creating a consumer AR market that will be dynamic and welcoming rather than struggling and immature."

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