Lake Nona: An Ecosystem For Collaborative Innovation
Lake Nona itself is a community, spanning 17-square miles, and is built on the premise that a collaborative effort is what can cause the spark for profound innovative ideas and solutions. Being designed and built from nothing, Lake Nona is rife with clusters of excellence throughout specialist areas, from wellbeing to sports & performance, education, and technology.
The fast-growing, ever-changing state of the neo-urban environment was designed and created with the future in mind, with the building blocks of tomorrow at the centre of its strategy. It is constantly pushing the boundaries of what it means to be a forward-thinking, innovative community.
Connectivity, both in physical and digital forms, is the main driving force that powers the engine of Lake Nona’s innovation ecosystem, and it inspires businesses, institutions and individuals alike to thrive and continue to push for the next innovative solution.
With an impressive, technologically rich and innovative infrastructure, paired with its globally recognised clusters of excellence, the Lake Nona community was created and recognised internationally for its foundational strategy, guiding what is needed both today, and in the coming decades. All innovations are created with a healthy, vibrant future considered.
Lake Nona can drive value for businesses, not only in an economic sense, but through values created between people. A significant number of companies have taken business to Lake Nona in an attempt to wed business with an ecosystem of partnership and collaboration, embracing an environment that helps institutions, people, and businesses thrive alongside one another.
As one of the very first gigabit communities in the US, Lake Nona can provide its residents with unmatched capacities for broadband connectivity. Cisco also named Lake Nona in a report of nine ‘Iconic Smart + Connected Communities’ around the world.
The crux of Lake Nona’s offerings are its advanced and innovative technology abilities, but they don’t stop there. The thriving, forward-thinking community also provides easy access to education and an always-ready labour force. The community also provides businesses with the opportunity to grow, due to its space, which many would expect to do after driving new value with Lake Nona.
It is also the home of the United States’ first accelerator program for sports and health technology, the leAD Lake Nona Sports & Health Tech Accelerator. With a robust fiber infrastructure, and living lab available for use, it’s clear to see why businesses choose the innovative community to increase value and drive new innovations.
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.