On the November 2nd Analyst Call on Advances in Materials Management, Tyler Sewall of BuiltWorlds was joined by Ozan Yalniz, Founder and CEO of Materially, and Raphael Scheps, CEO of Converge. The call focused primarily on materials management, specifically how alternative materials and forms of procurement can benefit the construction industry.
At the beginning of the call, Sewall highlighted BuiltWorlds survey data specific to Materials Management. Regarding adoption, 60% of respondents indicated that their companies had not implemented this technology. Additionally, when reviewing year-over-year satisfaction, survey ratings remained relatively stagnant. This data points to considerable white space within the materials management specialty area.
Ozan and Raphael then took the floor, briefly describing their companies before providing more detail on their journey to the materials management arena. Though Ozan had a more traditional upbringing in the construction industry, both he and Raphael are passionate about what they do and the capabilities of their solutions.
Following the two presentations on Materially and Converge, Sewall opened up the conversation to a Q&A. When asked if contractors see ROI in materials management solutions, Raphael interestingly suggested that there are multiple forms of ROI—in…