GM invests $500M with Lyft to develop self-driving car technology
As the Internet of Things continues to develop as a concept, the race to capture the self-driving car market of the future is heating up. Tesla and Google have been at the forefront of driverless car development, but now a new name has thrown its hat in the ring. Today Lyft announced that it is closing on an impressive $1 billion in its latest round of fundraising, with a full half coming from General Motors. This significant investment earns GM a seat on Lyft’s board of directors, and marks the start of a long-term alliance with a very futuristic goal.
“We see the future of personal mobility as connected, seamless and autonomous,” said GM President Dan Ammann in a press release issued by the car company. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”
This alliance between GM and Lyft includes several elements, including access to OnStar services and the creation of rental hubs nationwide featuring GM as a preferred provider of short-term use rental vehicles for Lyft drivers—thus allowing people to become drivers without using their personal vehicles.
But the centerpiece of the new partnership is an effort to combine GM’s auto technology capabilities with Lyft’s software and capabilities in ride matching and routing. Through this joint effort, GM and Lyft are hoping to redefine the personal mobility model through an extensive network of autonomous cars available on demand.
“This raise and collaboration with GM are exciting milestones in our three-year history that continue Lyft's leadership in redefining traditional car ownership,” said Lyft president and co-founder John Zimmer in the company’s own press release. “We are thrilled to take this momentum into the new year and continue improving life in our cities through more affordable, accessible and enjoyable transportation.”
The era of the driverless car is coming, and it appears to be coming sooner rather than later. But while luxury brands like Tesla could revolutionize the private vehicle industry, GM and Lyft could bring automation to more affordable transit.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.