2024 Highlights & 2025 Vision: Future of Construction Workforce Management

As I reflect on 2024, I'm filled with immense pride for what we've accomplished together at Kwant. It's been a year of extraordinary growth, groundbreaking innovation, and unwavering dedication from our incredible team.

We've achieved some truly remarkable milestones. We've supported a staggering $25 billion worth of construction projects, analyzed 3.5 million workdays, and welcomed 171,000 workers and 5,401 subcontractors and trade partners to the Kwant platform. By automating 30 million work hours, we've empowered our customers to save 120,000 valuable hours – time that can be reinvested in building a safer, more productive future.

And the momentum is undeniable. We've seen a 7x increase in our data center business , 3x in our industrial construction business and a 2x surge in our manufacturing construction business – a testament to the value Kwant brings to these critical sectors.

From data centers and manufacturing facilities to housing developments, Kwant is transforming how the world's leading construction companies manage their workforce. Our commitment to safety, productivity, and innovation has been recognized with prestigious awards, including being named one of the Top 2 Transformative Construction Technologies at the CityScape Innovation Challenge in KSA.

This success wouldn't be possible without the collaborative spirit and relentless pursuit of excellence that defines our team. At Kwant, we foster a culture where every voice is heard, every idea is valued, and everyone is empowered to contribute their unique talents. It's this shared passion for innovation that drives us to develop cutting-edge solutions that address the evolving needs of the construction industry.

In 2024, we forged strategic alliances with industry leaders in equipment rental and smart building technology, expanding our ecosystem and providing our customers with seamless access to cutting-edge solutions. These collaborations are a testament to our belief in the power of partnership and our commitment to building a more connected and productive future for the industry.

But we didn't just grow our reach – we supercharged our platform. 2024 saw the launch of game-changing features like:

• Advanced workforce analytics: Our Workforce OS now provides predictive analytics on safety, compliance, and productivity, empowering our customers to make data-driven decisions and proactively address potential risks.
• AskBob: This generative AI-powered reporting and copilot feature provides instant insights and answers to complex workforce questions, streamlining reporting and boosting productivity.
• Kwant 2.0: We completely overhauled our user interface, making it even more intuitive and user-friendly.
• AI-based Facial Recognition System: Enhanced security and access control with our cutting-edge facial recognition technology, ensuring only authorized personnel access sensitive areas.

These innovations, combined with our core workforce management capabilities, solidified Kwant's position as the leading platform for construction workforce management.

But don't just take our word for it. Here's how Kwant is helping leading construction companies transform their operations:

• Walbridge: In partnership with Walbridge, Kwant is deploying cutting-edge wearable technology to enhance safety and workforce management at Ford's BlueOval City project, a massive $5.6 billion electric vehicle manufacturing complex. Our smart badges provide real-time location tracking, SOS alerts, and automated access control, ensuring worker safety and optimizing project productivity. [Link to the press release]
• LRC: Kwant helped LRC overcome safety and productivity challenges on their Surf Avenue Project in Coney Island. By implementing Kwant's platform, LRC gained real-time visibility into worker location, automated headcount processes, and improved site security, leading to reduced risks and increased productivity. [Link to the case study]
• Resia: Resia, a leading innovator in multifamily housing, leveraged Kwant's platform to streamline workforce management across multiple projects. Kwant's technology enabled Resia to mitigate safety risks, enhance emergency communication, and improve overall project coordination. [Link to the case study]

Beyond these impressive numbers, Kwant is making a real difference in the lives of our customers. By providing real-time visibility into workforce activity, automating safety protocols, and facilitating proactive risk management, we're helping construction companies create safer and more productive work environments.

The results speak for themselves: Our customers have reported a remarkable 50% reduction in both TRIR (Total Recordable Incident Rate) and Experience Mod Rate (EMOD) after implementing Kwant. This translates to fewer workplace accidents, lower insurance premiums, and a significant boost to their bottom line.

Looking Ahead to 2025

But we're not stopping there. In 2025, Kwant is poised to reach new heights, expanding our impact across the construction landscape.

Here's a glimpse of what's on the horizon:

• Continuing to support the critical infrastructure and mission critical projects: We'll continue to accelerate our growth in key sectors like data centers, manufacturing, housing, and infrastructure, supporting even larger and more complex projects, including major airport developments.
• Expanding into Industrial, Mining and Energy Market : Kwant is expanding into new frontiers, bringing our expertise in workforce management and safety to industrial, mining, and oil and gas projects. These industries face unique challenges, and we're confident that Kwant's innovative solutions will help them enhance safety, optimize productivity, and achieve operational excellence.

Data Driven, Actionable and AI Driven:

But our expansion isn't just about reaching new markets; it's about pushing the boundaries of what's possible in construction workforce management. In 2025, we're doubling down on our commitment to innovation, with a focus on cutting-edge technologies that enhance safety, productivity, and compliance.

• Enhanced AI-Based Reporting: We're taking our AI-powered reporting to the next level, providing customers with even more comprehensive and automated insights. From project safety reports and daily logs to proactive risk management tools, Kwant empowers data-driven decision-making and streamlines operations.
• AI-Powered Risk Management: We're tackling the critical issue of fraudulent fall incidents head-on. Developed in collaboration with NYC-based builders, our AI-powered fall detection technology uses smart badges and advanced algorithms to verify on-site presence, work areas, and nearby personnel during an incident. The accelerometer in our badges accurately detects abnormal movements, falls from heights, and impact force, providing crucial data to confirm the authenticity of an incident.
• Expanding our Ecosystem: We're forging new partnerships and integrations with leading camera and video surveillance companies, enriching our platform with AI-based analytics and project management solutions. This will provide our customers with a holistic view of their workforce and project progress, enabling them to optimize productivity and safety like never before.

At Kwant, we believe that the future of construction is built on a foundation of making our workers and culture of safety, productivity, and compliance. We're committed to empowering our customers and the workers themselves so they can get home on time, safely to spend time with their families. 

And to our incredible customers and partners, thank you for your continued trust and collaboration. We're honored to be on this journey with you, and we're excited to continue working together to build a brighter future for the construction industry.

Join the Movement:

Want to learn more about how Kwant is shaping the future of construction workforce management?

• Explore our Insights: Visit our website to delve into our resources, case studies, and blog posts, and discover how Kwant is revolutionizing the industry.
• Connect with Our Experts: Reach out to our sales team to discuss your specific needs and explore how Kwant can help you achieve your business goals.

We're excited to partner with you on your journey to building the future of the Construction Workforce. 

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