Autodesk ( ADSK Quick Quote ADSK - Free Report) recently added a new team collaboration solution under its Construction Cloud platform by launching Bridge. The Bridge collaboration solution is currently available for free to the company’s Construction Cloud customers.
The new collaboration capability will empower construction teams to share only relevant data with project stakeholders, irrespective of whether they are on the same team or building project within the Construction Cloud platform.
The Autodesk Construction Cloud platform brings together the most powerful portfolio of construction management software products that unite office and field teams, from design to planning and construction to operations stages, while minimizing risks, maximizing efficiency and increasing profits. The Autodesk Construction Cloud platform includes offerings like Autodesk BIM Collaborate, Autodesk Takeoff, Autodesk Build and Building Connected.
The latest addition of the Bridge collaboration solution under the Construction Cloud platform is in line with Autodesk’s strategy to offer end-to-end construction management solutions. With Bridge, teams will have better control over project data sets by enabling them to share select files, folders or data sheets without having to share all information.
Autodesk, “The new collaboration capabilities delivered by Bridge lessen the need for manual data transfer and management and provide confidence that everyone is working from the same information, minimizing rework and saving teams time and money that directly impacts their bottom lines.” Focus on Enhancing Construction Cloud Capabilities
Autodesk has been consistent in enhancing the capabilities of its Construction Cloud platform. In January 2022, ADSK completed the acquisition of California-based ProEst, which specializes in the development of cloud-based estimating software solutions for companies in the construction domain.
The company integrated the ProEst solution under its Construction Cloud platform. The integration of the ProEst solution will help construction teams handle all essential preconstruction and construction workflows on a single platform.
ProEst software solutions help businesses create estimates, execute digital takeoffs, handle bid-day processes and produce comprehensive reports and proposals. We believe Autodesk intends to solidify its portfolio of preconstruction solutions within the Autodesk Construction Cloud platform with the takeover of ProEst.
Autodesk’s acquisitions of Pype (2020), Assemble Systems (2018) and BuildingConnected (2018) and PlanGrid (2018) also bolstered its Construction Cloud platform.
Zacks Rank & Stocks to Consider
Currently, Autodesk carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader technology sector include
Jabil ( JBL Quick Quote JBL - Free Report) , Broadcom ( AVGO Quick Quote AVGO - Free Report) and Apple ( AAPL Quick Quote AAPL - Free Report) . While Jabil sports a Zacks Rank #1 (Strong Buy), Broadcom and Apple each carry a Zacks Rank #2 (Buy) at present. You can see . the complete list of today’s Zacks #1 Rank stocks here
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