Profiting with Smart Safety in the Construction Worksite

Our guests Raymond and Michael Volpatt are brothers and co-owners of Volpatt Construction, a commercial and institutional construction company based in Pittsburgh. They are also co-founders of ShareInTech, a construction workforce optimization, building management, and asset supervision company. In this episode, Ray, Mike and Bruce discuss: How wearables, beacons and geofencing work and how they have transformed safety at the Volpatt worksites. How Volpatt is “eating their own dogfood’ by using solutions by ShareinTech and how that forms a virtuous cycle. How the tech was adopted by their construction workforce and lessons learned. How an increase safety measures reduces the cost of labor by improving a firm’s EMR (Experience Modification Rating) which in turn reduces worker’s compensation premiums. Quantifying the value created and costs incurred to implement a smart safety solution. Related links you may find useful: Season 2: Episodes and show notes Season 2 book: The Private Equity Digital Operating Partner Season 1: Episodes and show notes Season 1 book: IoT Inc Training: Smart digital transformation certification

Om Podcasten

This talk show is about the next big thing in value creation. It is for fund managers and corporate leadership investigating smart digital transformation for their companies, and for service providers, subject matter experts and vendors wanting to broaden their digital skills. Although the show’s focused on value creation in the context of private equity, it’s sector agnostic and can get pretty geeky, digging into IoT, data science (analytics & ML) and other high technology. At a high level, the show is about how to frame the digital investment thesis and how to execute it. Your host, Bruce Sinclair, is an ex-PE operating partner who has written the best-selling books, The Private Equity Digital Operating Partner and IoT Inc, and has certified thousands of professionals with his ICIP program and LinkedIn Learning courses. Season 1 of this show was called, The IoT Inc Business Show.