McKinsey FINALLY updates their Productivity Curve, & The Future Of Construction - David Rockhill, Partner at McKinsey
Construction tech is booming, but adopting it remains a challenge. Why?
David Rockhill from McKinsey shared some eye-opening insights on our latest episode.
He explained how the industry has changed in the last 6-7 years, with tech now tackling on-site issues - the biggest value pool in construction.
He also revealed how AR and VR are transforming construction worker training, making it faster and more effective than ever before.
We discussed:
✅ The updated McKinsey productivity curve (coming soon!)
✅ Why "pilot purgatory" hinders tech adoption
✅ How AR/VR and digital twins are revolutionizing worker training
✅ McKinsey's AI tool "Lily" that's transforming knowledge management
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Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.
Visit: https://maketheshft.digital
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BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.
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Timestamps:
00:00 - Intro
04:02 - Main Reasons for Less Productivity In Construction
06:10 - David's Journey Into McKinsey
16:30 - Trends that David sees In Construction Industry
24:25 - David's Perspective on Robotics
34:56 - Process That Corporations Customers Should Follow
40:00 - How David Picks The Best Solution
45:14 - Problems That Innovation Heads Have
49:35 - Future of Software in AEC
01:05:48 - Outro
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Bricks & Bytes
Why Most Construction Tech Startups are Doomed to Fail | KP Reddy, Founder of Shadow Ventures
What does it REALLY take to launch a successful construction tech startup?
KP Reddy, a global authority in AEC and founder of Shadow Ventures, pulls back the curtain and reveals the secrets behind startup success.
Join us for an eye-opening episode with Reddy – a VC, founder, CEO, advisor, investor, professor and author – to learn how to break into the industry. Listen to how he combines expertise in advanced technologies with critical, in-the-trenches experience.
Discover his unique take on the future of venture capital driven by AI – and how it can transform the way startups are built and funded.
Key takeaways:
Founders must remain curious and validate their ideas before launching
AI could significantly lower barriers to entry for software startups
The construction tech space is ripe with opportunities for innovation
Shadow Ventures is supporting early-stage companies with industry expertise and connections
And much more.
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Tune in now to learn from one of the most knowledgeable and experienced voices in the construction tech industry.
Stay ahead. Get all the news and insider exclusives delivered straight to your inbox.
Sign up for our newsletter The Bytes Line at: https://bricks-bytes.com
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X?Twitter: https://twitter.com/bricksbytespod
Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
Instagram: https://www.instagram.com/bricksbytes/
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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.
Visit: https://maketheshft.digital
—----------------------------------
BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed
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Timestamps:
(00:00 - 02:36) - Intro
(02:36 - 09:30) - KP's Construction Background
(09:30 - 20:06) - Finding The Right Founders In Construction Tech
(20:06 - 23:47) - KP's Experience Writing 3 Books
(23:47 - 30:19) - Advice for Founders Who Just Raised Money
(30:19 - 35:50) - Portfolio Companies That KP Has Invested At
(35:50 - 41:18) - Startups Building Tangible Things
(41:18 - 50:29) - Process Followed In Backend by Shadow Ventures
(50:29 - 59:15) - Corporate Venture Capitalists
(59:15 - 01:12:41) - How VCs Identify Good Robotics Startups
(01:12:41 - 01:19:42) - How Much Importance VCs Give To Profitability
(01:19:42 - 01:20:20) - Outro
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Bricks & Bytes
Balancing Innovation and Reliability in Construction Robotics - Lessons from Canvas CEO
Note: This is a Re-Release of an episode that was originally released on BitBuilders.
"We were embarrassed by our first product, and that's exactly how it should be."
In today's episode of BitBuilders, we had Kevin Albert, co-founder and CEO of Canvas, and we got to learn about the challenges of bringing robotics to construction, the importance of focusing on customer pain points, and the journey from government grants to commercial success.
Tune in to find out about:
✅ Why being embarrassed by your first product is a good sign
✅ The importance of reducing lead times in hardware development
✅ How to find and nurture customer champions for your product
✅ The value of data-driven insights in improving customer experience
Listen now on Spotify to hear Kevin's insights on building a successful construction robotics company and the future of automation in the industry.
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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe
-----------------------
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X/Twitter: https://twitter.com/bricksbytespod
Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
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#podcast #construction #constructionindustry #bricksandbytes #startups #architecture #design #civilengineering #engineering #constructiontechnology #engineer #architect #civilengineer #concrete #podcaster #podcasting #entrepreneur #podcasts #podcastlife #startups #entrepreneurship
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Bricks & Bytes
Building a $902M Construction Tech Giant: Inside OpenSpace's Growth Story
Note: This is a Re-Release of an episode that was originally released on Groundbreakers.
Unicorn? Nearly. But who cares
In today's episode of Groundbreakers from Bricks and Bytes, we had Jeevan from OpenSpace, and we got to learn about building a successful construction tech startup, the importance of product simplicity, and how to scale effectively in a complex industry.
Tune in to find out about:
✅ Why focusing on mid-market clients can be more valuable than chasing big names
✅ The power of a simple, user-friendly product in driving adoption
✅ How OpenSpace's technology is reducing insurance claims in construction
✅ The importance of demonstrating quick time-to-value for customers
Listen to the full episode on Spotify to gain insights from one of construction tech's most innovative leaders.
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Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe
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#podcast #construction #constructionindustry #bricksandbytes #startups #architecture #design #civilengineering #engineering #constructiontechnology #engineer #architect #civilengineer #concrete #podcaster #podcasting #entrepreneur #podcasts #podcastlife #startups #entrepreneurship
"AI Can't Handle Full Design Workflows!" - Automation Promises & Real-World Limitations from AEC Experts
"Is it possible to get from concept to fully constructible building designs in hours? "In today's episode of Bricks, Bucks and Bytes, we got to learn about Augmenta's $10 million seed funding for their AI-powered design platform that aims to automate electrical designs for buildings.We also learned about the ongoing debate between automated design platforms versus improved authoring tools, and which approach might ultimately capture more value in the MEP/S design space.Patric shared his investor's perspective that data infrastructure, authoring tools, and systems of record may be better investment targets than pure AI solutions, as they're likely to embed AI capabilities and control workflows long-term.Tune in to find out about:✅ The challenge of creating "fully constructible" designs through automation✅ Why minimum feature sets in building design software are exceptionally high✅ The reality that vectorial AI systems will always need human refinement✅ How the MEP design workflow might evolve with AI assistance------------Chapters00:00 Intro03:40 Augmenta's Seed Funding and Automation in Design07:02 Challenges of Constructible Designs11:35 The Importance of Minimum Feature Sets15:01 Marketing vs. Reality in Construction Tech18:19 Competition in the Automation Space20:16 Navigating the Complexities of MEP Design24:11 The Future of Automated Building Design30:11 The Role of AI in Design Automation34:26 The Intersection of Authoring Tools and Automation39:00 The Evolving Landscape of AI in Construction
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Bricks, Buck$ And Bytes
"$65 Billion Wasted!" - How Twin Knowledge's AI Prevents Costly Construction Rework
"$65 billion worth of rework happened in the United States last year in construction. The expectation in the market is that construction projects run over budgets and timelines."In today's episode of Bricks, Bucks and Bytes, we got to learn about Twin Knowledge, an AI-powered platform that raised $3.7M to help construction and real estate stakeholders QA/QC building drawings before they hit the field.We discovered how the company is tackling the massive $65B rework problem by creating AI assistants that help query unstructured data across different silos.Also, we learned about the power of "white glove" implementation approaches in construction tech from JP Bowgen of Camber Creek.Tune in to find out about:✅ Why developers feel the most pain from drawing errors✅ How Twin Knowledge can help teams do "4-5X the work with half the team"✅ Why founder expertise matters more than ever in the AI boom✅ The importance of catching errors upstream before they become costly rework-------------Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe-------------LinkedIn: https://www.linkedin.com/company/bricks-bytes/X/Twitter: https://twitter.com/bricksbytespodYoutube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_ZgInstagram: https://www.instagram.com/bricksbytes/---------------Chapters00:00 Introduction to Twin Knowledge and AI in Construction02:53 Understanding the Accuracy and Utility of AI in Building Drawings06:14 The Impact of Rework in Construction and the Role of Twin Knowledge08:47 Evaluating the Value of Twin Knowledge in Construction Projects11:57 The Leadership Behind Twin Knowledge and Its Market Position14:56 The White Glove Approach in Technology Implementation17:57 The Future of Twin Knowledge and AI in Construction28:10 The Vision Behind Twin Knowledge30:01 Funding and Future Plans32:02 Competitive Landscape and Unique Positioning33:55 Understanding Cost Savings and Value Proposition36:09 Rework Challenges in Construction38:58 Incentives and Business Dynamics43:59 Final Thoughts on AI and Future Prospects
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Bricks, Buck$ And Bytes
Germany's Fiscal Bazooka Ignites Europe - Construction Tech Opportunities & Capital Shifts from Global VC Perspective
"Germany's fiscal U-turn might be the drop that makes Europe's bucket overflow."In today's episode of Bricks, Bucks and Bytes, we got to learn about Camber Creek's unique investment approach with JP Bowgen - they raise funds from 300+ real estate companies to drive value for founders they back.We discussed Germany's recent "fiscal bazooka" - a massive €500 billion infrastructure fund alongside unlimited military spending, potentially kickstarting a new era of European optimism.Also, we learned about how building materials companies in Germany jumped 20% in share prices following this announcement, creating a flywheel effect for construction tech.Tune in to find out about:✅ Why JP predicts we'll see the first German construction tech unicorn in 4 years✅ How infrastructure investment creates opportunities for material innovation✅ The potential shift in global economic power dynamics✅ Why successful US startups are increasingly looking to expand into EuropeListen to the full conversation on Spotify.----------Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe---------LinkedIn: https://www.linkedin.com/company/bricks-bytes/X/Twitter: https://twitter.com/bricksbytespodYoutube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_ZgInstagram: https://www.instagram.com/bricksbytes/—---------------------------Chapters00:00 Introduction to Camber Creek and JP Bowgen06:09 Germany's Fiscal U-Turn and Historical Context11:53 Implications of Germany's Infrastructure and Defense Spending17:58 The Impact on Construction Tech and Startups24:01 Future Prospects for Investment in Germany28:59 Exploring On-Site Robotics and Supply Chain Solutions31:12 The Importance of Energy Efficiency in Europe33:28 Infrastructure Investment and Its Impact on Housing36:32 The Future of Venture Capital in Europe40:34 The Shift of Founders from the US to Europe44:11 Economic Implications of US Isolationism49:57 Cultural and Economic Power Dynamics
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Bricks, Buck$ And Bytes
Reneo’s €600M to Transform Real Estate, Nodes and Links $12m Scheduling Raise
"In Europe, you need your buildings to consume less energy because we don't have a lot of prime energy." - Patric on why Reneo's business model works beyond regulations.In today's episode of Bricks, Bucks and Bytes, we got to learn about Reneo's massive €600M funding round (with €45M in equity) to transform energy-inefficient buildings into greener assetsWe also explored Nodes and Links $12M Series B funding for their AI-powered scheduling management platform that enhances project delivery across construction and other industriesPlus, we gained valuable insight into how successful construction tech companies approach scheduling through three distinct models: full automation, analytics/visibility, and collaboration-focused solutions.Tune in to find out about:✅ How Reneo creates structural cost advantages through radical standardization✅ Why co-CEOs can work well with the right dynamic, especially during adversity✅ The critical difference between having a schedule versus the act of scheduling✅ Why one investor got excited seeing Salil Deshpande (Uncorrelated) backing Nodes and LinksListen to the full episode on Spotify to learn how these construction tech innovators are reshaping the industry.------Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe------LinkedIn: https://www.linkedin.com/company/bricks-bytes/X/Twitter: https://twitter.com/bricksbytespodYoutube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_ZgInstagram: https://www.instagram.com/bricksbytes/-----Chapters00:00 Introduction and Context01:10 Overview of Reneo and Its Business Model05:54 Reneo's Unique Approach to Real Estate Investment11:49 Investment Rationale and Market Dynamics17:52 Challenges and Opportunities in the Real Estate Sector24:05 Conclusion and Future Outlook25:40 Exploring Nodes and Links in Scheduling Technology30:01 Models of Scheduling: Automation, Visibility, and Collaboration36:02 The Future of Scheduling Software: Differentiation and Optimization39:59 Investment Insights: Evaluating Funding and Market Dynamics
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