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The construction industry is one of the oldest and largest industries in the world, but many companies still rely on traditional methods and outdated technologies.
This lack of technology has led to a number of challenges for construction companies, including delays in project completion, cost overruns, and poor quality control.
Without the use of modern technologies like building information modeling (BIM), cloud-computing, and 3D printing, construction companies struggle to optimize their workflows, reduce waste, and improve communication with stakeholders.
Additionally, the lack of technology in construction makes it difficult for companies to attract and retain skilled workers, as younger generations are increasingly looking for employers that are technologically advanced and innovative.
To shed some light on the same, we interviewed Rose Hall to help our audience make the right decision when it comes to choosing the right technology.
Who Did We Interview?
Ms. Hall is the Senior Vice President, Head of Innovation, Americas for AXA XL. Rose provides innovation leadership via the implementation of business ecosystems, technology, unique insurance solutions, and enhanced customer service initiatives across all lines of business.
She is dedicated to supporting AXA XL’s clients’ innovation efforts and technological maturity, and by extension, advancing industries to new heights in this fourth industrial revolution.
Rose is a thought-leader and ambassador for AXA XL, and co-founder of the AXA XL Ecosystem. She has 20+ years of practical experience in engineering, project management, and risk management with Turner Construction Co, and as an expert witness and litigation support consultant with WCD Group, now a Gallagher Bassett company.
Ms. Hall earned her B.S. in Civil Engineering from Rutgers University, and M.S. in Civil Engineering, from Stanford University. She is a licensed Professional Engineer (PE), LEED Accredited Professional (LEED AP®), Claims and Litigation Management Professional (CLMP), and Construction Risk and Insurance Specialist (CRIS).
She serves in leadership and advisory board roles with the International Risk Management Institute (IRMI) and Insurance Innovators USA. Rose is an IRMI.com
Expert Commentary author, and was awarded Insurance Business America’s Elite Women in Insurance in 2017 and 2020, CLM Professional of the Year in 2019, and PropertyCasualty360 Insurance Innovator Award in 2021, and IRMI Words of Wisdom in 2022.
For our customer base, large construction companies in the US and Canada, AXA XL’s proprietary Technology Adoption Maturity Index (TAMI) indicates strong growth in technology adoption – rising from an industry average of 4.9 to 5.7 (out of 10) since its inception in 2020.
Additionally, we are seeing many firms are solidifying their innovation and technology organizational structure and funding over the past few years. I do believe this uptick in interest and enthusiasm in technology and innovation will spur greater digitization of the construction industry in 2023 and beyond.
The construction industry struggles with a variety of existential challenges at the moment – most specifically the talent and labor shortage. We simply have too much construction to perform in the upcoming years, and not enough qualified professionals to perform it.
This is why I’m focused on technology and innovation in this space. If we can leverage technology to amplify our workforce, we can most effectively continue to build safe and delightful places we live, work, and play.
Technology is one of the strongest emerging tools we have to boost the safety, cost, schedule, and quality of construction. For instance, using drones to inspect potentially unsafe conditions can help us build better quality buildings with less risk to our human workforce.
Using worker resource and schedule analytics tools to evaluate inefficiencies can help us maintain a timely schedule. Using computer vision imagery solutions can help us identify coordination issues – lowering the cost of rework.
And using water mitigation technology can help prevent a leak (and thus a costly claim) and manage our water usage during construction. Technology is absolutely helping us build more productively.
There are many innovative emerging trends in construction beyond just technology adoption – including the rise of modular and prefabrication methods, supply chain improvements, new and more sustainable construction materials.
I foresee an innovation spike in the near future for construction of immense magnitude. The next industrial revolution is near!
Think disruptive.
My personal success mantra is “First say yes. Then figure out how to make it happen.”
More Details
Rose provides innovation leadership via business ecosystems, technology, unique insurance solutions, and enhanced customer service initiatives.
Rose is a thought-leader and ambassador for AXA XL and co-founder of the AXA XL Ecosystem. She has 20+ years of experience in engineering, construction, risk management, insurance, and expert witnessing.
Ms. Hall earned a B.S. from Rutgers University and M.S. in Civil Engineering from Stanford University.
Rose was awarded Insurance Business America’s Elite Women in Insurance in 2017 and 2020, CLM Professional of the Year in 2019, PropertyCasualty360 Insurance Innovator Award in 2021, and IRMI Words of Wisdom in 2022.
Shawn Sauve
VP - Sales Dynamics Practice Lead
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