Jacobs Launches Cloud-Based Application to Help Maximize Infrastructure Planning
Jacobs (NYSE:J) has introduced Kaleidoscope℠, a cloud-based application designed to assist clients in optimizing capital expenditure budgets. This predictive analytics tool assesses infrastructure vulnerabilities across various networks, including roads and utilities. Kaleidoscope aims to mitigate costly and reactive maintenance by preemptively identifying potential hazards, which is crucial for municipalities dealing with aging infrastructure and climate change. Jacobs, with $14 billion in revenue and a workforce of approximately 55,000, provides a wide range of professional services.
- Launch of Kaleidoscope, a predictive analytics tool for infrastructure vulnerability assessment.
- Helps clients optimize capital expenditure budgets and mitigate maintenance costs.
- Addresses critical challenges faced by municipalities, including urbanization and climate variability.
- None.
DALLAS, Aug. 3, 2021 /PRNewswire/ -- Jacobs (NYSE:J) has launched Kaleidoscope℠, a cloud-based platform application to help clients prioritize and optimize capital expenditure budgets. The spatially enabled solution is a predictive analytics application that determines cross-sectional infrastructure vulnerabilities.
Kaleidoscope runs on any device, whether an iPad, Mac or personal computer. The solution uses a one-of-a-kind, predictive algorithm to generate vulnerability assessments across many interdependent infrastructure networks, such as roadways, water lines, utilities, energy and other horizontal infrastructure, that overlay across a place, campus or community. Kaleidoscope also identifies vulnerabilities and how they could potentially impact a community's resilience, helping to curtail expensive, unplanned and reactive maintenance, with a goal of preventing disruptions before becoming hazards.
"Municipalities and cities are facing big challenges, such as rapid urbanization and climate variability, and those challenges are taking their toll on aging infrastructure," said Jacobs President and Chief Operating Officer Bob Pragada. "Kaleidoscope helps our clients better understand true threats and costs associated with infrastructure failure and helps them communicate with stakeholders in meaningful ways, such as prioritizing projects by vulnerabilities and the number of assets and sectors involved."
Kaleidoscope's output frames what projects should be done, who will be impacted and where they are located. It helps senior planners, administrators, public works directors, emergency managers and other leaders rapidly and accurately identify unknown, potentially catastrophic planning, funding and sustainability threats. Leaders can then prioritize capital expenditures to achieve greater infrastructure resilience in a more proactive and interconnected way, leading to more resilient outcomes and positive social benefits and transforming typical management strategies into smarter, more sophisticated approaches.
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended April 2, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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