Business
The construction industry has risk pretty much built in, from safety risks to budgetary risks and risks that appear years after the building has been finished. In an industry with such tight margins and such big upfront costs, even small improvements can have a large impact. Ynomia is an Internet of Things start-up that is working with construction companies to help them make one such improvement, specifically around gaining clarity on where their building materials are at any given moment of a construction project.To enable this vision they are immersed in a highly complex environment, bringing together partnerships with industry and research organisations, developing their hardware and software, and working out how to enable the tracking of materials on an ever changing construction site.We are impress by how they are going about it. They're understanding the key areas of learning to focus on, building a cohesive team and seeking to enable a better construction industry.We spoke with Matthew Lickwar, one of the co-founders of Ynomia, who brings his experience in engineering, international business and startups.To keep up to date with what is happening with Cogent, including when new episodes of this podcast are released, you can subscribe to our blog at cogent.co/blog. Or follow us on Twitter: @cogent_co or Instagram: @cogent_co.