Riskcast Solutions today announced the launch of its new contact tracing tool. The tool uses data within the platform’s timecards to allow employers to identify an employee that might have been diagnosed or suspects illness, and visually capture which other crew members they have been in contact with each day. Employers can now ‘look’ back in time and see all the likely points of contact by work activity and on the project, as each connection leads to other possible webs of connections.
Construction apps for field data entry often find themselves competing with pens and clipboards. Looking to speed up another old-fashioned process, software maker Riskcast is expanding its time card management app with time and materials tracking—processes that can involve considerable manual paperwork.
Riskcast Solutions today announced the launch of a new Time and Materials (T&M) module within its platform, to help subcontractors and general contractors get back to building quickly and efficiently under changing circumstances. With the coronavirus forcing many projects to pause, and pushing others to quick completion - such as temporary hospitals and medical facilities - Riskcast’s T&M module can digitally connect the crews of tradesmen and women with management to ensure fairness, efficiency and productivity.
With every brick, girder and slab your workers put into place, your firm is unwittingly generating data. Forward-thinking construction firms have realized that harnessing that data can yield an incredibly powerful tool for increasing productivity, raising profits, improving the accuracy of your bids, spotting trouble before it occurs and more. But gathering and using data to improve your business won’t happen on its own. You need to develop a good data strategy, one that ensures that the information is both available and usable. For the uninitiated, this process can seem overwhelming--“Where do I start?”--but in fact, it doesn’t have to be. By laying the groundwork properly, putting some key pieces in place and following a few simple steps you’ll be able to reap the benefits in a very measurable way.
Riskcast Solutions, a graduate of NVP Labs’ spring 2019 cohort, plans to stay in Newark for the long haul, Alec Thomson, co-founder and CEO, told NJTechWeekly.com in a recent interview. The startup, which specializes in eliminating paper-based processes for the construction industry, recently closed a $600,000 pre-seed convertible note investment round led by Newark Venture Partners. Scopus Ventures, an international early-stage venture capital firm that is headquartered in Los Angeles, also participated in the round, as did two individuals.
There is a lot of data that is gathered by foremen throughout the length of a construction project. These jobsite leaders are on-site every day and can be responsible for many reporting tasks, including daily reports, time sheets collection, toolbox talks, among others. For a lot of companies, all that data gathered comes in many different forms, making it extremely difficult and time consuming to gain any real value from it.
Specifically focused on trade contractors and self-performing GCs, Riskcast provides a simple, but effective, way for foremen to gather information in the field and communicate it back to the office. Riskcast then formats that data to visually highlight areas of opportunity to the Project Manager.
Newark’s goal of becoming a national — and international — destination for innovative tech companies may not be that far way.The latest Demo Day at Newark Venture Partners showed just how far the city’s reach has become.