A software developer with a focus on quantifying weather risk in the insurance industry has branched out to apply its chops to the development of a hyperlocal software-as-a-service weather risk-management system for construction that launched Jan. 29.
As the current pipeline of infrastructure projects becomes larger and ever more complex, contractors are making increasingly risky bets that projects will be delivered on time and on budget. In the last year alone, we've witnessed two global contractors either file for creditor protection or go into liquidation.