AI and IoT solutions to improve efficiency and sustainability in infrastructures
June 21, 2023
Ferrovial is a multinational infrastructure and services company leader in sustainable solutions for mobility, engineering, and construction of civil works and buildings. With more than 60 years of experience in large-scale they have extensive experience with complex projects around the world.
Innovation and Digitalization as Vectors of Growth
The company is characterized by its commitment to innovation, sustainability and digital transformation. This combination of core values translates into a constant search for technologies that allow it to optimally manage its assets, reduce operating costs, increase revenue, improve competitiveness, and minimize their environmental footprint.
To this end, Ferrovial has formalized a strategic alliance with SNGULAR, in order to develop joint solutions that transform the sector through digital products based on Artificial Intelligence (AI) and the Internet of Things (IoT). The union highlights the company's solid commitment to innovation and digitalization to be used as vectors of growth.
“This agreement represents another step in our objective of leading the transformation of the infrastructure sector. The combination of technologies such as the IoT and Artificial Intelligence applied to our industry will improve the way we operate and the service we provide to citizens” , says Dimitris Bountolos, General Director of Information Systems and Innovation at Ferrovial.
AI and IoT: Allies in the Improvement of Infrastructures
Digitalization has become a key factor within modern infrastructures, thanks to the transformative potential it offers to improve efficiency, safety, and sustainability in these environments.
In this sense, the platform created by SNGULAR based on AI and IoT technologies, allows Ferrovial to monitor the state of the infrastructure in real-time, being able to detect anomalies, breakdowns, and maintenance needs in advance.
This combination of technologies facilitates the automation of processes and decision-making in real-time, which optimizes the planning, bidding, operations control, execution of tasks, infrastructure security, and allocates the necessary resources to reduce time and costs.
These types of solutions also help to improve the safety and mobility of users and goods by avoiding possible accidents, traffic jams, and unnecessary CO2 emissions. Offering them a safer, smoother and more comfortable driving experience, leads to increased customer satisfaction and loyalty.
A Local Project with Global Impact
The technology and projects that arise from this collaboration will be developed in Spain. These innovations will be used in the different business units of Ferrovial which includes the United States, Canada, the United Kingdom, Australia, and other markets. As Sarah Harmon, Global CEO of SNGULAR, adds, “Our company has been working for many years to transform various industries through technology. This alliance positions us as a relevant player in the infrastructure sector and enhances our ability to export Spanish technology to different areas”. Ferrovial - within its Digital Horizon 2024 strategy - and SNGULAR have demonstrated how Artificial Intelligence and the IoT can be key allies when developing a new generation of sustainable transportation infrastructure by offering effective solutions, as well as advanced management throughout the entire asset cycle.
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