AECOM expands its Digital AECOM offering with the launch of PipeInsights, an innovative platform that accelerates sewer inspections and enhances defect detection

Rhea-AI Summary

AECOM (NYSE: ACM) has launched PipeInsights, a digital platform aimed at enhancing sewer system maintenance and rehabilitation. Utilizing advanced machine learning, the platform automates defect detection from CCTV inspections and provides optimal maintenance recommendations. This innovation allows clients to conduct inspections more efficiently, enabling a deeper understanding of sewer system health through a user-friendly GIS interface. AECOM's commitment to leveraging technology is expected to improve project outcomes and client satisfaction in addressing critical water infrastructure challenges.

Positive

• Launch of PipeInsights enhances sewer maintenance efficiency.
• Utilizes advanced machine learning for automated defect detection.
• Integrates into a GIS interface for better system management.
• Expected to improve project outcomes and client satisfaction.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it is further expanding its Digital AECOM offering with the launch of PipeInsights, a digital platform that helps clients deliver superior rehabilitation and maintenance outcomes for their sewer systems. The PipeInsights platform augments conventional CCTV inspections using advanced machine learning algorithms to provide automated defect detection and recommend optimal maintenance decisions.

“With PipeInsights, our clients can accelerate inspections and dedicate more time to their core mission: solving today’s critical water infrastructure challenges,” said Beverley Stinson, chief executive of AECOM’s global Water business. “We’ve applied our digital expertise and decades of experience to mitigate the inefficiencies typically associated with inspections, using artificial intelligence to rapidly review CCTV footage and identify defects. AECOM’s robust Water business line has already cemented itself as a leader in delivering safe, sanitary, and resilient sewer system solutions. Digital AECOM’s tools bolster our capabilities, enabling our clients to revitalize their water infrastructure with greater efficiency and precision.”

By seamlessly integrating footage and results into a simple geographic information system (GIS) interface, the PipeInsights platform enables users to manage multiple sewer programs simultaneously while enhancing the understanding of overall sewer system health. To date, PipeInsights has been used on real-world inspections and captured images of hundreds of thousands of defects as it continues to learn. The platform enables secure access to inspections from any mobile device, allowing users to visualize and share the health of their systems from the office or the field.

“We’re proud to launch PipeInsights and believe it will become an industry-leading product, one that provides our clients with an innovative approach to inspections and maintenance, and helps them sustain their water infrastructure more confidently and cost-effectively,” said Todd Battley, AECOM’s chief strategy officer. “PipeInsights’ accessibility and capability make it a premier solution. Users can evaluate inspection results, diagnose problems, and anticipate future needs through an intuitive platform. This commitment to simplifying challenges with technological agility defines Digital AECOM’s record of client success.”

Digital AECOM brings together the company’s global digital-focused consulting services, hosted services products, and digital tools that enhance the delivery of core engineering and design services to help clients accelerate their digital journeys and achieve better project outcomes. Leveraging the strengths of the firm’s more than 2,000 integrated digital practitioners globally and proven AECOM technology to connect data, projects, and communities, Digital AECOM is a key enabler of the company’s Sustainable Legacies strategy. To learn more about PipeInsights and how it streamlines sewer inspections, visit PipeInsights.com.

About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920005300/en/

Media Contact:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

Source: AECOM

FAQ

What is PipeInsights from AECOM?

PipeInsights is a digital platform launched by AECOM that uses machine learning to improve sewer system maintenance by automating defect detection from CCTV inspections.

How does PipeInsights benefit sewer system maintenance?

PipeInsights enhances maintenance outcomes by accelerating inspections and providing optimal maintenance recommendations through a user-friendly GIS interface.

What technology does PipeInsights utilize?

The PipeInsights platform uses advanced machine learning algorithms to analyze CCTV footage and identify defects in sewer systems.

When was PipeInsights launched?

PipeInsights was launched by AECOM as part of their Digital AECOM initiative.

What stock symbol is associated with AECOM?

The stock symbol for AECOM is ACM, and it is listed on the NYSE.