Ferrovial has entered into an alliance with Spanish technology company Sngular to develop joint solutions that will improve infrastructure through digital products based on artificial intelligence (AI) and the Internet of Things (IoT). The alliance advances the company’s commitment to digitalising the industry while ensuring a sustainable impact.
As part of this partnership, the two companies will work together to develop new digital projects using IoT and AI to digitalise and optimise Ferrovial’s operations. This will lead to safe, sustainable development in construction and infrastructure management.
“This agreement represents another step towards our goal of leading the transformation of the infrastructure sector. The combination of technologies such as IoT and AI applied to our industry will improve how we operate and the service we provide to citizens,” says Dimitris Bountolos, chief information & innovation officer (CIIO) of Ferrovial.
“Sngular has been working for years to transform various industries with technology. This partnership positions us as a key player in the infrastructure sector and enhances our ability to export Spanish technology to other geographies,” says Sarah Harmon, global CEO of Sngular.
Ferrovial and Sngular have a track record of working together, in which their decades of experience applying the technology in the industry are an important asset. They have worked together on a range of projects since 2018, resulting in improvements in critical processes such as costing for tenders, operation control in construction projects, and infrastructure safety.
The technology resulting from this partnership is expected to be developed in Spain and used in Ferrovial’s business units in all the markets where it operates, including the United States, Canada, the United Kingdom and Australia. It also provides for the possibility of scaling the product outside the company.
The alliance highlights the company’s commitment to digitalisation as vectors of growth. In line with its Digital Horizon 2024 strategy, and with the goal of improving the business, Ferrovial wants to drive a new generation of sustainable transport infrastructure and offer efficient solutions and advanced management approaches throughout the entire asset cycle. To this end, it recently developed projects such as AIVIA smart road initiative created to develop 5G smart roads, as well as various initiatives in the field of connected construction projects, such as Earthworks.
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