Latest news with #Revizto
Yahoo
20-05-2025
- Business
- Yahoo
Infrastructure Boom at Risk: New Data Warns of Budget Creep, Inefficiencies and Costly Rework in the Construction Sector
41% of global leaders in architecture, engineering, construction and operations see infrastructure as the top growth area for design and construction. Yet, 56% say client changes and scope creep are the primary causes of costly project rework. Although the construction industry is making progress in digitization, technology integration and adoption still emerged as the top business challenge among leaders, cited more often than any other issue. LAUSANNE, Switzerland, May 20, 2025 /PRNewswire/ -- As global construction demand surges to record highs, new research from Revizto, the leading integrated collaboration platform for architecture, engineering, construction and operations (AECO), exposes a critical crossroads for the $13 trillion global industry. While investment in infrastructure, data centers, and public projects are booming, the construction industry is being increasingly threatened by mounting inefficiencies, spiraling budgets, and costly rework-challenges driven by outdated practices and disconnected technologies that hinder collaboration. The inaugural global Bridging the Gap: 2025 Digital Design & Construction Report reveals a staggering 92% of global AECO professionals see significant budget changes during construction, despite contingency funds being built in. The most common increase is 11-20% above the original estimate, a reality faced by 42% in the US and 51% in the UK. With Governments across the UK and US investing billions into infrastructure, projects continue to grow in scope, scale and complexity, exposing design and construction companies to greater risk. The report found 41% of global industry leaders identify infrastructure as the top growth area in design and construction, yet 56% say change orders, client changes and scope creep are the primary causes of costly project rework. Closely followed by unexpected site challenges (53%) and design errors (45%). Despite notable innovation and success among early adopters, technology uptake in construction remains limited, falling short of the industry's broader ambitions. While 63% of AECO professionals are closely following technological developments in AI and automation, technology integration and adoption was the most frequently-cited business challenge, with 27% of teams still relying on outdated tools like email, Excel, and PDFs for project delivery. With global construction spend projected to hit $22 trillion by 2040, the opportunity is vast, but despite growing awareness of the problem, the sector is struggling to close the gap between technological ambition and operational reality. The report highlights a clear appetite for innovation, with the majority of industry leaders seeking solutions to bridge the gap. Arman Gukasyan, Founder and CEO of Revizto, said:"The construction sector is at a pivotal moment. With governments investing billions in infrastructure and the global market projected to reach $22 trillion by 2040, the opportunity is immense – but so is the risk. Our research shows that outdated practices and fragmented project delivery are costing the industry and public billions, underscoring the urgent need for smarter, more collaborative ways of working to help reduce waste and reworks on essential and complex projects." Roman Baran, Senior Manager, Digital Construction at Canary Wharf Group said:"This report highlights what many of us have long understood: improving collaboration is the clearest path to boosting productivity in construction. With the right tools, like Revizto, we can bridge the gaps between design and delivery to reduce rework, minimize budget overruns, and improve outcomes." About ReviztoRevizto is the leading Integrated Collaboration Platform for the Architecture, Engineering, Construction & Operations (AECO) industry, transforming the way we design and build by driving efficiency, reducing errors, and simplifying complexity. From real-time coordination to automated clash detection and issue tracking, Revizto keeps all stakeholders aligned throughout the entire project lifecycle. Backed by Summit Partners, Revizto is relied on by firms around the world like Jacobs, AECOM, AtkinsRealis, McCarthy, Skanska, Stantec, and others to deliver projects with greater confidence and control. MethodologyRevizto commissioned a survey through Censuswide of over 2,000 individuals from across the global AEC sector. More than 80% of respondents are in leadership roles, around 75% of respondents are from firms with revenues greater than $100 million USD, and the majority (65%) of respondents work on projects with budgets of $51M - $500M USD. Survey results have been rounded to the nearest unit (one digit) for reporting purposes. Revizto was not named as the research partner. View original content to download multimedia: SOURCE Revizto
Malaysian Reserve
02-05-2025
- Business
- Malaysian Reserve
Revizto 5.16 Delivers Time-Saving Tools for Architects and Contractors Managing Complex Projects
LAUSANNE, Switzerland, May 2, 2025 /PRNewswire/ — Revizto, the leading Integrated Collaboration Platform for the Architecture, Engineering, Construction & Operations (AECO) industry, announced the release of Revizto 5.16, bringing key updates that enhance efficiency, coordination, and issue management across projects. Designed to benefit all project stakeholders from architects and designers to engineers, contractors, and subcontractors, this release delivers new tools and improvements that streamline workflows and enable smarter collaboration at every stage of the project lifecycle. 'With Revizto 5.16, we're making it even easier for teams to improve project delivery,' said Arman Gukasyan, founder and CEO of Revizto. 'Every enhancement in this release is designed to empower teams to coordinate more efficiently and make better-informed decisions in real time. All these improvements stem from extensive conversations with customers and user feedback. This is just one more step on our way to creating a new standard for collaboration in the AECO industry.' What's New in Revizto 5.16 2D/3D Split View – Users can now view a 2D sheet and 3D model – including issues and markups – side by side, and instantly jump from a location in 2D to its corresponding location in the 3D model, eliminating the need to switch between tabs. Select Box – Users can now select multiple objects with ease by dragging a selection box, reducing the time spent manually selecting elements one by one. Modify Object Isolation – With enhanced isolation functionality, users can now layer isolated models, elements on top of each other, streamlining what was once a complex workflow. Revamped 2D Gallery – The redesigned interface improves navigation and searchability, so that users can quickly access the files they need. New 'Required Objects' Clashing Type – Revizto now moves beyond clash detection into validation rule sets, allowing teams to ensure that critical elements meet placement and proximity requirements. Improved Scheduler Functionality – New controls for handling missing links in scheduled Revit tasks help users avoid publishing incomplete models to clash automation. Now users can choose how the system responds to missing links, ranging from skipping with or without warnings to fully halting the task. Earl Faulk, Senior MEP Manager at full service construction firm Lee Kennedy Company, said, 'I love the new split-screen 2D/3D view! I often switch between 2D and overlays, and this setup is perfect, especially with real-time movement in the 3D model. I also really like the Select Box feature because I frequently make temporary moves of objects and previously had to select each item manually. Keep the great updates coming!' Anton Shaw, Associate and Digital Automation Lead at international architectural firm Warren and Mahoney, said, 'Every morning, we used to come in and perform a clash detection run. It took a lot of time – sometimes an entire morning – to make sure the models were uploaded correctly. Now with missing link detection, we can fully automate the coordination process. It just happens reliably overnight. With the time we are saving, we can focus on solving real problems on projects, like ensuring we're all collaborating effectively and moving in the right direction.' Learn more about 5.16 here. About ReviztoRevizto is the leading Integrated Collaboration Platform for the Architecture, Engineering, Construction & Operations (AECO) industry, transforming the way we design and build by driving efficiency, reducing errors, and simplifying complexity. From real-time coordination to automated clash detection and issue tracking, Revizto keeps all stakeholders aligned throughout the entire project lifecycle. Backed by Summit Partners, Revizto is relied on by firms around the world like Jacobs, AECOM, AtkinsRealis, McCarthy, Skanska, Stantec, and others to deliver projects with greater confidence and control.
Yahoo
30-01-2025
- Business
- Yahoo
Revizto Announces Final Line-Up of Speakers and Sessions for RevUP Global User Conference, Washington, D.C., Feb. 3-5, 2025
SAN FRANCISCO, Jan. 30, 2025 /PRNewswire/ -- Revizto, the industry-leading Integrated Collaboration Platform that streamlines and centralizes project workflows and communication, today announced the final list of confirmed speakers and sessions for RevUP, the company's annual global user conference. RevUP will occur at the Gaylord National Resort & Conference Center in Washington, D.C., Feb. 3-5, 2025. RevUP gathers hundreds of Revizto users, partners, and industry leaders worldwide to celebrate the innovation and progress of the Architecture, Engineering, Construction and Operation (AECO) industry. The three-day event features an Expo Hall showcasing the latest cutting-edge technologies and solutions to maximize tech stacks, thought-provoking panel discussions and keynote addresses from top industry experts including exclusive insights into the current and future state of Revizto and the industry, and educational sessions highlighting creative workflows, use cases, and tips and tricks. Speakers at this year's conference include executives from AECOM, ArchKey Solutions, DPR Construction, Jacobs, McCarthy Building Companies, Mott MacDonald, Mortenson, Murphy Company, PCL Construction, Rogers-O'Brien Construction, Sellen Construction, HED, EXP, and more. "RevUP is more than just a conventional conference; it's a bold initiative aimed at transforming the AECO industry through collaboration and innovation," said Arman Gukasyan, Founder and CEO, Revizto. "We stand at a pivotal moment where inefficiencies, budget overruns, and a dwindling workforce pose significant challenges to our industry. By bringing together leading experts, partners and Revizto users, we can have honest and unfiltered conversations and explore strategies that not only streamline processes but also promote sustainable development. Our collective efforts can pave the way for a brighter future, ensuring that we build not just for today but for generations to come." During RevUP, attendees can become Revizto Expert certified through the Revizto Education & Learning (RED) Academy, which includes online certification courses and exams for Collaboration Essentials (Level 1) and Coordination Mastery (Level 2). Revizto is also introducing its live Expert Level 3 certification during RevUP, offering attendees the opportunity to become the first to showcase their advanced software expertise. All certification courses and exams are offered at no extra cost and are exclusive perks for RevUp attendees so that when they leave the conference, they are immediately equipped with the knowledge and skills to use the Revizto platform in the field. Event sponsors include Cupix, OpenSpace, DroneDeploy, cmBuilder, Eagle Point Software, Voyansi, Timescapes, FARO, Resolve, Reality Capture Network, Global eTraining, Buildots, and NaVvis. A limited number of tickets are still available at $1,200. For more information or to register for RevUP, visit About ReviztoRevizto is the leading Integrated Collaboration Platform used by professionals from across the Architecture, Engineering, Construction, and Operation (AECO) industry to streamline workflows and communication with all stakeholders in a unified environment throughout the project lifecycle. The Revizto platform is intuitive, adaptable, and fully functional from any device. View original content to download multimedia: SOURCE Revizto
