Drawing up a blueprint of smart construction site with SMART INNOVATION
CONEX KOREA 2021, the largest construction equipment exhibition in Korea, wrapped up on November 13th. SMART INNOVATION, which took place on a second day, received a lot of positive responses from visitors. It presented the various startups’ business items that were expected to lead the smart construction solution along with HCE. Here is a vivid review of SMART INNOVATION, where we could make a blueprint for the smart construction site.
-A glimpse into the future of smart construction technology
SMART INNOVATION was a place to present various business items from 6-startup companies. It was a time to get a glimpse into the future smart construction technology using advanced technology.
On this day, 6-startup companies attended; MAOT, Timwork, Musma, SIZL, Bistelligence and Angel Swing. MAOT proposed ‘Digital safety System’ that is expected to drastically reduce industrial accidents under the theme of ‘HYUNDAI CONNECT X MAOT HSE, a smart collaboration for productivity and safety’. Timwork introduced ‘smart construction collaboration platform and real-time on-site management system based on design documents’, Musma announced Integrated Management Solution based on Heavy-duty Equipment Data at Construction Sites’ and talked about the remarkable changes when this technology is used in the construction site.
Seazel drew attention with its proposal for ‘Development and Support Solution for predictive maintenance system Module of Heavy Equipment’, which is expected to reduce costs with improved productivity. Bistelligence proposed a data-based work productivity improvement solution under the theme of ‘strengthening the efficiency of construction equipment operation through collecting and analyzing environment information in worksites’, while Angel Swing introduced a ‘drone data solution’ that helps smart construction management by virtualizing the worksites through drones.
SMART INNOVATION raised expectations for the future smart construction in collaboration with HCE and startups. We had an interview with Choi Gye-hyun, a senior of HCE who planned SMART INNOVATION.
HCE is trying to create a new cooperative system with companies and institutions that can lead innovation not only internally but also externally through Open Innovation program. With this intention, through Shinhan Open Innovation, a cooperation program hosted by Shinhan Financial Group, HCE is trying to find collaborative tasks with a number of startups with multiple starting points, and is pushing for innovative tasks like smart construction solutions. SMART INNOVATION is planned to announce proposals from startups that want to cooperate with HCE, especially to show how to make links between smart construction solutions and make a platform.
Q2. What do you plan to make with these 6 partners in the future?
The six startup companies announced by SMART INNOVATION have developed with individual ideas in deriving cooperative tasks with different backgrounds. Angel Swing has already been a cooperative operation of ODM tasks of Hi SITE technology. But there is a long way to go in implementing specific tasks with the other 5 companies.
The future plan is to link and develop solutions from each startup by planning ‘Hyundai Connect Platform’ that accelerates the operation of smart construction. This requires a lot of discussion, such as business models and development schedules, and the schedule may vary for each company.
As a short-term plan, there will be a screening process to select the best cooperative startup company in December, which is the final stage of the Shinhan Open Innovation Program. Each startup plans to refine its technology and specify cooperative items based on the theme by then.
Q3. Lastly, please tell us how you feel about successfully finishing the SMART INNOVATION.
The biggest achievement while preparing for SMART INNOVATION was that we were able to reveal the blueprint for smart construction solutions and platforms more clearly. As it was an event to present to officials, I was worried if the message was delivered clearly. And it was an opportunity to come up with ideas together and draw more clearly about what changes we will show in the future. After the event, we had a meeting with startups that participated in the presentation and VIPs related to smart construction. Even though it was a brief meeting, I felt they have a passion to create the future of smart construction in Korea. Through this opportunity, we want to continue to show innovation in the company and industry. Thank you for supporting these events. In the future, HCE plans to develop smart construction technology and innovate the construction industry through collaboration with startups participating in SMART INNOVATION.
