AECOM (MCA – Free Report) has unveiled a digital platform – PipeInsights – to expand its Digital AECOM offerings. The PipeInsights platform uses advanced machine learning algorithms to support conventional CCTV inspections.
This digital platform automatically detects faults and recommends optimal maintenance solutions to customers for superior rehabilitation and maintenance of their sewer systems. Moreover, it provides seamlessly integrated images and safe results through a simple geographic information system interface, which helps users manage multiple sewer programs simultaneously from any mobile device.
AECOM is a leader in providing safe, sanitary and resilient sewage system solutions through its Water business line. His commitment to meeting challenges with technological agility leads him to the success of his clients. These new era digital tools enhance AECOM’s capabilities and efficiency.
Beverley Stinson, Managing Director of AECOM’s Global Water Business, said, “We’ve applied our digital expertise and decades of experience to mitigate the inefficiencies typically associated with inspections, using artificial intelligence to quickly review CCTV footage and identify faults. »
Digital AECOM and Project Execution Drive Profitability
AECOM is a leading solutions provider supporting professional, technical and management solutions for various industries in end markets such as transportation, facilities, government and environmental companies, energy and water. Much of the US government’s vast infrastructure plan is focused on the transit and water markets, where AECOM enjoys a dominant position.
The company benefits from accelerated investments in organic growth and expanded digital capabilities through Digital AECOM. He recently developed and unveiled a proprietary IIJA-specific digital tool as part of the AECOM digital offering in response to urgent client demand to better position their projects for IIJA funding.
AECOM also deployed the Program Management System and Toolkit, bringing together digital tools and technical capabilities to deliver world-class program management services. Additionally, AECOM recently partnered with Microsoft to leverage its industry-leading cloud technology and further enhance the PlanEngage offering. PlanEngage is now promoted by Microsoft, creating another channel from which AECOM can bring innovation to market.
The company’s digital brand, which includes a portfolio of products to serve customers more holistically in their digital transformations, will be a key contributor to achieving the adjusted operating margin target of at least 15% for 2024.
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Shares of the company have outperformed industry Zacks Engineering – R&D Services over the past three months. This leading provider of professional, technical and management solutions is witness to a strong pipeline of activities across the company. It benefits from strong infrastructure spending in the UK, Canada, Hong Kong and Australia.
Zacks ranking and other key picks
AECOM currently wears a Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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