Nominated for OUT OF THE BOX.NRW

specter automation

Cologne

Nominated by:
Lars Gussen

Internet address:

Your business model in three sentences

B2B SaaS that enables construction firms to utilize existing digital planning data on the physical construction site. Our vision is to leverage the power of data to improve processes and build the first-ever system of records in construction.

What problem do you solve?

The construction industry is the second-worst digitized sector, with 96% of all data not being used. Even though detailed upfront planning data exists, a lack of suitable digital tools prevents construction managers from effectively utilizing the available information and does not allow for the recirculation of new data into existing plans. This disconnect between planning and execution is one of the reasons why 80% of construction projects in Germany are over budget, 60% over time, and 1/3 of the activities on site are “waste activities”.

What's your digital solution?

Specter automation unifies pre-construction and execution data in a 3D model-based construction management software. Our cloud-based application uniquely incorporates the core components of construction planning: the construction schedule, the bill of quantities, the 3D-model of the project, execution plans, and more. Foreman and construction managers use specter on a daily basis to plan and coordinate the necessary construction steps directly from within the 3D model. Based on this data-driven execution plan, our software automates tedious and error-prone manual processes like visualizing/printing real-time progress, documenting the construction steps and generating lists of required materials. By improving workflow management, we create transparency and oversight, which saves the construction manager valuable time and allows the project to stay on time and on budget.

Why should we award you for your digital business model?

We aim to generate USD 100 billion in value by unifying pre-construction and execution data in a 3D model-based construction management software. We strive towards this goal in one of the most conservative, but also potent industries in terms of digitization. We are convinced we can fulfil our ambitions, as we’ve spent over 150 days on-site co-creating our software and have an outstanding team with diverse skills in tech, business, and construction.