Press

HOW ARTIFICIAL INTELLIGENCE CAN TRANSFORM CONSTRUCTION

Artificial intelligence and machine-learning algorithms have struggled to make sense of chaotic construction job sites, but recent years have seen industry firms build the vast data lakes and analytics systems necessary for these machines to provide useful advice on how to plan, schedule, and execute projects. In some cases, these AI advisors have become a standard part of some firms’ project delivery methods. But it’s still a challenge to convince construction professionals to listen to these AI advisors, and there are emerging questions of how risk will be allocated once algorithm-driven decisions start to steer projects.

BLACK & VEATCH (2020), NEXT COALITION CHOOSES FIRST PILOT EFFORTS IN ‘CONSTRUCTION SAFETY CHALLENGE’

“Selected projects developed and submitted by Kwant.ai, GoContractor, Smartvid.io, Opal and Versatile, represent only a portion of those submitted to date as part of the coalition’s ‘Construction Safety Challenge’.”

CONSTRUCTION DIVE (2020), NEXT COALITION OF CONTRACTORS ANNOUNCES FIRST 5 TECH PROJECTS

“NEXT [Coalition] — made up of Black & Veatch, DPR Construction, Haskell and McCarthy — selected GoContractor, Kwant.ai, Smartvid.io, Opal and Versatile to be the first projects the coalition will aid in developing and rolling out new technologies.”

D MAGAZINE (2020), NORTH TEXAS CONSTRUCTION LEADERS EXPLORE NEW TECHNOLOGY TO BOOST SAFETY ON JOB SITES

“The newest technology we are actively exploring is called Kwant–a small, wearable device for each worker to detect whether or not they are social distancing by accurately measuring how far apart they are from each other. Created for tracking slips and falls, among other safety indicators on job sites, Kwant is providing us data to help protect workers from the risk of COVID-19 infection.”

CONSTRUCTION DIVE (2020), SOFTWARE COMPANIES DEVELOP TECH SAFETY NETS TO MEASURE SOCIAL DISTANCING

“Using wearable tech sensors, Kwant.ai, like Genda, can set a specific threshold for a number of workers within a given space, notify them if they come within a certain distance and perform contact tracing to investigate those who may have been diagnosed or displaying symptoms, according to Kwant.ai CEO and co-founder Niran Shrestha.”

FORBES (2020), SURPRISE INSPECTIONS NO CURE-ALL FOR CONSTRUCTION VIOLATIONS

“Among those taking note of the [city supervision] initiative is Niran Shrestha, co-founder, and CEO of New York City-based Kwant.ai, which produces visual scheduling and risk analytics software enabling construction teams to track progress in real-time, predict delays and take proactive action.”

BISNOW (2020), USING TECH TO WIN THE WAR AGAINST CONSTRUCTION COSTS

How does Proptech reduce costs on construction sites?

MACHINE Q (2019), SMART CONSTRUCTION: MORE THAN A WORTHY INVESTMENT

“Download the case study to learn how Kwant.ai leveraged the MachineQ infrastructure to deliver a full-stack Smart Construction solution that increases worker safety, streamlines construction operations, and drives incremental operating income for construction companies.”

AEC MAGAZINE (2019), ELEVEN STARTUPS TO WATCH IN AEC

“Kwant says it has analyzed thousands of project schedules using AI as a foundation for the standardization of all the unstructured site data into meaningful “buckets.” The software works with Procore construction management software.”

AEC BUSINESS (2019), FIVE TECH STARTUPS POWERING THE CONSTRUCTION SITES WITH AI

“The company has analyzed thousands of project schedules using AI. Their algorithms standardize unstructured data into standardized buckets. Real-time data from sensors and APIs is compared with standardized forensic data…..”

COINS (2019), TIM AXNESS - GRAND CHALLENGE FINALIST

“Open Competition

Tim Axness, Kwant.ai, USA

Idea: Increasing productivity and saving lives in construction using the IoT and Artificial Intelligence….”

CORNET GLOBAL (2019, TECHNOLOGY COMMUNITY: EMERGING TECHNOLOGIES IN REAL ESTATE

“The real estate industry is going through unprecedented change due to a number of drivers but none more impactful than technology. AI, Blockchain and Robotics technologies have ushered in the rise of PropTech with a new breed of companies impacting every corner of the real estate industry…..”

CRUNCHBASE NEWS (2019), EAST COAST LOVE: PROPTECH STARTUPS PICK NYC OVER WEST COAST

Kwant.ai (previously known as OnTarget), which aims to Increase productivity and safety on construction sites using IoT and AI, from the Bay Area…”

MACHINE Q (2019), CONSTRUCTION SAFETY & OPTIMIZATION: KWANT.AI

“Kwant.ai provides real-time location, productivity, worker identification, and activity data for construction projects. Its IoT solution….”

PLACE TECH (2019), SPACETI WINS MIPIM STARTUP COMPETITION

“Second place, OnTarget, uses predictive analytics and sensors to make construction sites “as efficient as an assembly line”, by automatically recommending users to hire more workers if progress slows, or by detecting accidents as they happen”….”

 

ESTATE AGENT TODAY (2019), PROPTECH TODAY: MIPIM COMPETITION SUGGESTS SENSORS AND IOT ARE THE FUTURE

“Also progressing from the New York competition was OnTarget, now seemingly rebranded as Kwant, a ConTech company using data to improve the processes involved in construction….”

CRETECH (2018), WINNERS ANNOUNCED FOR THE 2018 REAL ESTATE TECH AWARDS (#RETAS)

New York, NY (December 10, 2018)CREtech (cretech.com), the leading event, content, and connectivity platform for the commercial real estate industry announced the winners of the 5th Annual Real Estate Tech Awards (#RETAS) at the CREtech New York Venture Conference on December 6.

CRETECH (2018), COLLABORATION AND INNOVATION TAKE CENTER STAGE AT MIPIM PROPTECH NYC

onTarget: onTarget is a construction-oriented cloud-based application that allows property investors, managers, contractors and other vendors to connect through an online dashboard……”

AUTODESK NEWS (2018), BIM 360 HIGHLIGHTS YEAR OF INNOVATION IN CONSTRUCTION PROJECT MANAGEMENT - WHAT’S NEXT?

“BIM 360 now connects to 3DR, DESTINI Estimator, BuilderBox, EarthCam, Egnyte, FotoIn, HoloBuilder, SiteSense, NoteVault, OnTarget, Pype.io, Sensara, Triax with many others in development…..”

AUTODESK (2017), BIM 360 PRODUCT PARTNERSHIP PANEL

““Niran Shrestha CEO and Cofounder of onTarget, visual analytics software platform for construction based out of NYC. He worked at Parsons Brinckenoff, Metropolitan Transporation Authority NY, United Nations in 3 continents and 6 countries including building refugee camps and war rehabilitation centers in Ivory Coast, United Nations HQ renovation, 2nd Avenue Subway and East Side access……”

FORBES (2017), 6 REAL ESTATE STARTUPS POISED TO DISRUPT THE INDUSTRY

“OnTarget helps construction projects wrap up successfully and on schedule. The cloud-based app allows property investors, managers, contractors and other vendors to connect through an online dashboard….”

CNN (2017), H1B VISA FOR TECH ENTREPRENEURS

The story of an immigrant founder Niran Shrestha.