As more firms store their project data in the cloud, it offers the chance to dig through that data for new insights. Oracle has already offered some limited business intelligence dashboards for its cloud service, but the technology giant is now bringing machine-learning advice to company's scheduling and project data.
After more than a year of testing construction technology on its mockup jobsite, Oracle Construction & Engineering is planning a major expansion of its Innovation Lab in Deerfield, Ill.
It has been a long journey since Australia-based construction management software maker Aconex was acquired by Oracle last December in a $1.2-billion deal.
Looking to bolster development of new technologies for construction and give industry players a place to test new products, Oracle has created a Construction and Engineering Innovation Lab.
California-based Oracle Corp. on Dec. 17 announced that it has entered into an agreement to buy Melbourne, Australia-based Aconex Ltd., a company that offers a cloud-based system for managing construction-team collaboration, for $7.80 per share in cash.
