Today Saint-Gobain Germany and RIB Software SE announced the formation of a new joint venture SGTWO. For RIB, the 100% subsidiary YTWO will act as shareholder of the new company.
Senior Partner of McKinsey & Company, Dr.-Ing. Gernot Strube, spoke at iTWO World 2018 and shared his insights on the “avalanche” of change in the construction industry, the key drivers of the avalanche and what we need to do.
2018 was the breakout year of digital and industrial technologies in the building and housing industries. Digital management, big data, artificial intelligence, prefabricated buildings, etc., have been the hot topics of the year. At the beginning of the new transforming year, let’s take a look back at some YTWO’s incredible highlights in 2018.
On November 7-8, 2018, over 800 guests from more than 30 countries and regions gathered in Guangzhou, China to participate in iTWO World 2018, the top technology event in the construction and real estate industries. This year, it hit a record high number of participants. iTWO World 2018, jointly organized by RIB and YTWO Formative, centered around “Inheriting the Bauhaus Spirit.” The adoption of the “Bauhaus spirit” is meant to lead the construction and real estate industries through their industry-wide transformation: the digitalization transformation.
YTWO Formative Signs the Sixth Contract Globally with Berlin-based Belle Époque Group for the Usage of the YTWO Platform
YTWO Formative today announced the conclusion of a contract with the Belle Époque Group. Belle Époque is the sixth customer YTWO has won globally and the second customer in Europe after CG Gruppe. The cooperation with YTWO Formative enables the Belle Époque Group to link and manage all stakeholders and projects in a “Single Source of Truth”. The goal of Belle Époque is to achieve future savings and increases in the value of up to 30% in both the construction process and project management through the use of YTWO technology.
Transforming the Real Estate Industry through Digitalization and Industrialization at Expo Real 2018
YTWO Formative successfully established its presence by participating in Europe’s largest international real estate and investment trade fair, Expo Real which was held in Munich, Germany on October 8 to 10. During the three-day exhibition, YTWO Formative conducted productive conversations with top real estate industry leaders, and the transformative YTWO solution attracted guests’ attention and received high recognition.
In August 2018, Myhome Prefabricated, the leading Chinese prefabricated construction enterprise, successfully launched YTWO Formative’s cloud-based 5D BIM enterprise platform, and it has now become an integral part of their business operations. Through the completion of YTWO’s certification process and implementation of the User Acceptance Testing (UAT) documents, Myhome has sent out optimized business operation blueprints across all their departments. This has also enabled Myhome to setup 3D modeling and quantity survey (QS) rules geared for enterprise-wide operation sustainability.
On October 8 – 10, 2018, YTWO Formative will be exhibiting at EXPO REAL 2018 in Munich, Germany. During the three-day fair, the YTWO team will host live demos and information sessions from the booth (Hall C2, Booth 011) on the advantages of implementing digital innovation in the real estate industry.
YTWO Formative is successfully expanding its supply chain ecosystem. Recently, two of the global clients have placed orders through YTWO Formative’s expanding material catalog. It is the first step in proving homes can be manufactured through lean processes under a single consolidated technology platform providing transparency to all stakeholders. Through mutual trust, client collaboration, agile methods, and cross-industry supply chain expertise, YTWO Formative is addressing client challenges and helping them strengthen their core business practices and competitive advantages.
YTWO Formative Guested at the GdW WohnZukunftsTag (Living Future) 2018 and had the opportunity to contribute in the “BIM Me Up” panel and presented an inspiring lecture titled “From Concept to Completion – Building the Future” to an energetic audience.
YTWO Formative and Schneider Electric Announce Successful Signing of a Memorandum of Understanding to Form a Strategic Partnership
YTWO Formative and Schneider Electric have announced the successful conclusion of a Memorandum of Understanding to integrate Schneider Electric’s portfolio of electrical products on the YTWO platform. As two innovators in their fields, Schneider and YTWO Formative will drive the digital change for the real estate and housing industries, from design to build to operation and maintenance.
YTWO Formative Hosted a Chinese Delegation Visit in Germany and Shared Insights on the Latest Technology in Construction
YTWO Formative hosted a Chinese delegation visit in Germany. A group of 22 Chinese industry leaders visited RIB Group’s headquarters and the iTWO 5D Lab in Stuttgart. During the lab session, the teams from YTWO Formative and RIB introduced the cloud-based 5D BIM enterprise platform and explained how the YTWO and iTWO technologies blaze the digital era for the building and housing industries.
In the 2018 Alliance Innovation Summit hosted by the Housing Innovation Alliance in New Orleans, Louisiana, the team of YTWO Formative delivered an educational speech centered on Building Information Modeling’s (BIM) prominent and rising role in project management to key homebuilding stakeholders, thought leaders, and decision-making executives. The Summit is a unique event where housing innovators and disruptors freely exchange best business practices on sustainability and discuss the future of the housing industry.
RIB and Microsoft Join Forces to Create the World’s No.1 Vertical Cloud for the Construction and Real Estate Industries
Microsoft and RIB Software SE have embarked on a joint project called MTWO, the world’s #1 vertical cloud for the construction and real estate industries. At their official launch in Hong Kong, RIB and Microsoft, as well as a world-leading property developer, Country Garden Holdings Company Ltd. and RIB’s joint venture YTWO, jointly announced that they will work together on a Proof of Concept of MTWO. The target of the collaboration is the optimal utilization of big data in the planning, construction, operations, maintenance, and management processes.
MTWO Launch Press Conference will be held on Apr. 20, 2018 in Hong Kong.
Construction in the Cloud: An Interview with Thomas Wolf, CEO of RIB Software and Interim CEO of YTWO Formative
As construction moves into the cloud, here’s what industry leaders must do to lay the groundwork for change. McKinsey’s Global Infrastructure Initiative has an interview with Mr. Thomas Wolf, CEO of RIB and Co-Founder and Interim CEO of YTWO Formative to explore what industry leaders should do to seize the opportunity in the digital age and be successful in the industry innovation transformation.
YTWO Formative confirmed its commitment as a Catalyst Partner with the Housing Innovation Alliance to drive the innovation and transformation of the US housing value chain.
During January 9 to 11, YTWO Formative had a successful exhibition at the NAHB International Builders’ Show 2018 (IBS 2018) held at the Orange County Convention Center (OCCC) in Orlando, USA. This is the first time YTWO Formative showcased the cutting-edge YTWO cloud-based 5D BIM enterprise platform at a premier event of building industry.
On January 9 to 11, 2018, YTWO Formative will attend the NAHB International Builders’ Show (IBS) as an exhibitor in Orlando, USA. We invite you to visit us at Booth #S2656 in the South Hall. We are looking forward to meeting you in the show!
YTWO Formative Signs a Pilot Phase Agreement (05 / 2017) with One of the Leading Integrated Property Developers in Asia
YTWO Formative recently announced the conclusion of a pilot phase agreement with one of the world’s leading integrated property developers.