Newmetrix is a software company focused on reducing jobsite risk and project costs in the construction industry by leveraging artificial intelligence (AI) trained specifically on construction safety data. Newmetrix offers platforms that analyze data already collected by construction firms to uncover risk signals, predict areas requiring attention, and recommend targeted safety actions.
How does Newmetrix help construction companies?
Newmetrix's core offering is an AI-enabled suite that combines human expertise with machine intelligence to deliver actionable safety insights. Their main products include:
- Safety Observations: Tools to efficiently collect and analyze safety observations from jobsites.
- Safety Monitoring: Continuous monitoring of site conditions and worker behaviors to identify unsafe trends.
- Predictive Analytics: Advanced analytics that predict potential incidents and prioritize risks, helping companies take proactive measures.
By integrating with widely used platforms such as Autodesk BIM360, Procore, Oracle Aconex, StructionSite, Egnyte, and Box, Newmetrix enables companies to seamlessly utilize their existing project data for enhanced safety outcomes.
Who uses Newmetrix?
Newmetrix primarily serves construction and infrastructure organizations aiming to improve safety outcomes, reduce incident rates, and manage insurance costs. Notable customers include Northwell Health, Accenture, The Boldt Company, Suffolk Construction, and Severn Trent. These clients use Newmetrix to identify risk factors on their projects and strengthen their business case for preferential insurance rates.
How was Newmetrix started and what is its current status?
Newmetrix was founded in Cambridge, MA, by a team focused on applying AI to construction safety. The leadership and core technology were acquired by Oracle, with the intellectual property now being integrated into Oracle's Construction Intelligence Cloud. The company's team and technology continue to influence the development of AI-driven safety tools within the broader Oracle ecosystem. More on their background can be found on their About page.
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