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Procore Works with AWS to Bring Digital Twins to the Construction Industry
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Procore Technologies (NYSE: PCOR) is partnering with Amazon Web Services (AWS) to utilize AWS IoT TwinMaker for enhancing construction data integration into facility operations. This collaboration aims to facilitate the creation of digital twins for buildings and industrial systems, enabling Procore users to streamline operations and maintenance. Tiffany LaBruno, Procore's product director, highlighted that around 80% of a project’s lifecycle cost is in the operations phase, suggesting potential cost reductions and improved project performance through this integration. Over $1 trillion in construction volume has utilized Procore's platform.
Positive
Partnership with AWS aims to enhance digital twin capabilities for better facility operations.
Integration of Procore data with real-time sources expected to streamline operations.
Potential for significant cost savings and performance optimization in project operations.
Negative
None.
CARPINTERIA, Calif.--(BUSINESS WIRE)--
Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced it is working with Amazon Web Services (AWS) to leverage AWS IoT TwinMaker to extend the value of construction data into facility operations. The tools AWS IoT TwinMaker provides accelerate the creation of digital twins for buildings, factories, industrial equipment, and production lines.
(Graphic: Business Wire)
Procore’s platform serves to connect all construction stakeholders in the lifecycle of a built asset. AWS IoT TwinMaker will allow Procore data to be integrated from design and construction into operations. Procore project owners will be able to incorporate as-built information from Procore with real-time data sources using TwinMaker, extending the value of construction information into operations. This consolidation of information can streamline operations and maintenance and enable lifecycle analysis of portfolio assets.
“We’re very excited about our partnership with AWS. Roughly 80% of the lifecycle cost of a project is in the operations phase,” said Tiffany LaBruno, product director, owners at Procore. “With this partnership we can leverage Procore’s course of construction data during that operations phase to help owners reduce costs, optimize performance, and be better prepared for future project needs.”
AWS IoT TwinMaker will make it faster and easier to create digital twins of real-world systems. Using AWS IoT TwinMaker, developers can get started quickly building digital twins of devices, equipment, and processes by connecting AWS IoT TwinMaker to data sources like equipment sensors, video feeds, and business applications. Built-in connectors for integration with sensors, 3D visualization, and downstream data analytics are transforming the built environment.
To learn more about Procore’s work with AWS IoT TwinMaker, please contact Procore.
About Procore
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore'sApp Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at Procore.com.
Procore is partnering with AWS to utilize AWS IoT TwinMaker for integrating construction data into facility operations, creating digital twins for improved management.
How does the partnership with AWS affect Procore's customers?
Procore's customers can expect streamlined operations, enhanced integration of real-time data, and potential cost savings in facility management.
What is the significance of digital twins in construction?
Digital twins allow for real-time monitoring and management of physical assets, improving operational efficiency and lifecycle management.
How much construction volume has run on Procore's platform?
Procore's platform has managed over $1 trillion in construction volume across more than 1 million projects.
