Suffolk, one of the most innovative and successful privately held building contractors in the country, has announced it is leading the sponsorship of a Digital, Analytics, Technology and Automation (DATA) Initiative with Northeastern University. Hosted by the DAmore-McKim School of Business (DMSB) at Northeastern and supported by Suffolk, the DATA Initiative will establish a cross-disciplinary, innovative hub of thought leadership committed to researching, developing and sharing new knowledge and approaches for transforming organizations into digital and data-driven businesses.
According to a recent McKinsey&Company executive briefing, Rapid technological advances in digitization and data and analytics have been reshaping the business landscape, supercharging performance, and enabling the emergence of new business innovations and new forms of competition. At the same time, the technology itself continues to evolve, bringing new waves of advances in robotics, analytics, and artificial intelligence (AI), and especially machine learning. This new Northeastern DATA Initiative addresses the need to better understand how digital transformation will impact the global business world.
In a world inhabited by humans and machines, seamless transition between the physical and digital is key, as we desire integration in our lives, said Koen Pauwels, Distinguished Professor of Marketing at DAmore-McKim. Because machines need people as much as people need machines, we aim to equip people with the skills and perspective to leverage this relationship. We look forward to partnering with Suffolk to gain a better understanding of how real-world businesses transform themselves to embrace the potential these new techniques bring to their organizations and for businesses in every industry.
As the world moves towards digital convergence, the construction industry has entered a new era of profound and enhanced data and technology sophistication, said Jit Kee Chin, Chief Data Officer at Suffolk. At Suffolk, we are seeing quantifiable improvement in business outcomes by using digital tools and capturing real-time data for measurement and analysis. Our partnership with Northeastern will allow us to work closely with renowned academic leaders across all business functions, including human resources, marketing, business development, finance and construction operations, to better understand how to drive effective digital transformations throughout our organization.
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Our partnership with Northeastern will allow us to leverage the power of innovation and data analytics to transform the construction experience, increase our talent pipeline and revolutionize our industry. But most importantly, this DATA Initiative will enlighten data-driven organizations throughout the world and will help business organizations from all industries prepare for the digital economy and the future, said John Fish, Chairman and CEO, Suffolk.
As a global leader in experiential education, data analytics and network science, Northeastern is well-positioned to train individuals and teams to create, manage and lead digital convergence efforts. Suffolk, one of the most innovative companies in the construction industry, has been a pioneer in leveraging streamlined digital workflows, innovation technologies and data analytics to drive continuous improvement in the ways it manages projects and its business. As part of the DATA Initiative, Northeastern and Suffolk will apply their joint strengths to benefit business stakeholders and students, increase the pipeline of data talent for construction and other industries, and expand curriculum programming at the university.
For more information about the DATA Initiative and how to get involved, visit www.damore-mckim.northeastern.edu/data-initiative.
Suffolks vision is to transform the construction experience by building smart. Because we believe if theres a better way, well find it. Were always challenging the industry status quo and pushing the boundaries of what is possible. We believe in the power of innovation and people, and we empower our teams to think differently, work collaboratively and executive flawlessly on the most complex and sophisticated projects in the country. Our strong culture of innovation, combined with the most advanced tools such as virtual design and construction (VDC), virtual reality technologies and lean construction principles, is revolutionizing our industry and redefining what it means to be a builder.
Suffolk is a national building contractor with $4.0 billion in annual revenue and offices in Boston, New York City, Miami, West Palm Beach, Tampa, Fort Meyers, Dallas, Los Angeles, San Francisco and San Diego. We service clients in every major industry sector, including healthcare, science and technology, education, federal government, gaming, aviation and commercial. Suffolk is privately held and is led by Founder, Chairman and CEO John Fish. Suffolk is ranked #23 on the Engineering News Record list of Top 400 Contractors in the country.
Suffolk is a community-conscious organization dedicated to environmentally friendly and sustainable business practices, and is committed to making a positive impact in its local communities through grassroots volunteer work, employee fundraising and corporate giving. For more information, visit www.suffolk.com and/or follow Suffolk on Facebook, Twitter, LinkedIn, Flickr, YouTube, Instagram and our Build Smart Blog.
About the DAmore-McKim School of Business at Northeastern University
Through use-inspired research and teaching, the DAmore-McKim School of Business at Northeastern University strives to help people and industries navigate the demands presented by an increasing emphasis on digital transformation. The school embraces the opportunities that arise from this ever-changing, technologically-driven world by discovering, designing, and delivering the competencies required for thriving in this future.
Founded in 1922, DAmore-McKim offers a unique model of business education that purposely blends innovative classroom learning with real-world business application, driven by its rich portfolio of cooperative education opportunities. The main campus is situated in the heart of Boston, a vibrant hub of business and technology, with university satellite campus in Silicon Valley, Seattle, Toronto, and Charlotte. At the undergraduate level, both the BS in Business Administration and the BS in International Business programs offer students the opportunity to develop into impactful business leaders. Graduate students can choose from several different full-time and part-time MBA and MS programs with various modalities designed to enable motivated professionals to accelerate their success in business.
The school is committed to enabling lifelong learning and embedding an entrepreneurial and global mindset into these programs and its community. For more information about DAmore-McKim, visit http://www.damore-mckim.northeastern.edu/ and follow the school on Instagram, Facebook, Twitter, LinkedIn, YouTube and our [email protected] thought-leadership blog.
Dan Antonellis, 617-517-4232