en.Wedoany.com Reported - Since its spin-off from Swedish positioning and hardware giant Hexagon AB last June, Octave Inc. went public on Nasdaq in May. The overall strategy of this new company was formally unveiled at the Octave Live roadshow held in Austin, Texas, on June 17-18. For the construction industry, Octave's strategy entails a broader product portfolio integration and the introduction of more AI agents into this portfolio.
The technology manufacturer, whose products include the BricsCAD series of design tools and the OnCall public safety and dispatch platform, declared itself a project lifecycle information provider at the event. Kyle Wessells, Vice President of Global Portfolio Marketing at Octave, noted that design, build, operate, and protect remain isolated phases, each with customer-based workflows, leading to key issues such as cost overruns, increased risk, and operational inefficiency.
Octave CEO Mattias Stenberg stated that multiple products from the company will connect several pillars of the design, build, operate, and protect lifecycle. The company also defined the different domains in which its products operate, including Data & Intelligence, Scale & Complexity, and Performance & Outcomes. The product formerly known as Hxgn SDx2 has been renamed InConcert, described as a design information platform capable of managing the many different types of data required for construction. EPC companies like Burns & McDonnell are using it on large infrastructure projects because it can input or output BIM, GIS, and other modes. Octave CTO Vivek Mokashi, speaking to journalists and analysts, discussed the company's commitment to building a unified data environment, researching how to extract data from all applications and bring it into this platform, and then developing on top of it, thereby avoiding reinventing solutions for each customer or each project.
Stenberg echoed this sentiment in his conference keynote, at least for AECO customers. He recalled that at the time of the spin-off last year, Hexagon was both a software and hardware giant, with little unity across its portfolio or even within its software business, where geospatial intelligence, asset operations, quality, public safety, physical security, and industrial cybersecurity coexisted alongside design and construction tools.
With the rise of agentic AI, Stenberg believes these silos must inevitably change. Octave is already investing in its agentic AI data layer analysis tool, Octave Aria, formerly the Hxgn Alix generative AI platform released in 2024, which was renamed in March. Octave announced that this tool will serve as an underlying data layer analysis tool, capable of providing insights to project teams or owners throughout the project or asset lifecycle.
Stenberg noted that 96% of AEC data goes unused, systems were never designed to pass data to the next phase, and everyone in AEC only sees their own silo, while the gaps between silos are where risk, cost, and failure lie.
Octave Chief Product Officer Jay Allardyce explained on the main stage that AI will have limitations when it comes to designing, building, and maintaining large infrastructure assets. He added that because workflows are becoming more connected, construction software will not disappear, and architects, engineers, and construction professionals will become even more necessary to add context that agentic AI often lacks. Allardyce stated that Octave has the portfolio breadth to participate in this transformation, especially with support from major clients like Burns & McDonnell and Fluor. He added that nearly all AEC software providers now claim connected intelligence is the future of construction, but actually creating methods to allow data to flow between different modes—such as Octave's "pillars"—is the only way to reduce real risk.
