#21 - Tim Angus, CEO at Brickeye

Slice of Construction Team

07/22/2024

Join us in this exciting episode of the Slice of Construction podcast, hosted by Jared S. Taylor! Our Guest: Tim Angus, CEO at Brickeye.

What you’ll get out of this episode:

Tim Angus shares BrickEye's mission to optimize construction through IoT technology.
The impact of AI and IoT on addressing labor shortages and insurance risks.
Insights on future challenges in construction and BrickEye's strategic response.
The role of data analytics and AI in enhancing construction safety and efficiency.
Tim Angus's leadership principles and advice for aspiring entrepreneurs.

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Introduction

In this episode of the "Slice of Construction" podcast, host Jared Taylor interviews Tim Angus, the President and CEO of BrickEye. They dive deep into how BrickEye is transforming the construction industry with its innovative IoT hardware and software platform, designed to make construction smarter, faster, better, and safer.

The Journey to BrickEye

Tim Angus, a seasoned entrepreneur, shares his journey to leading BrickEye, his fourth startup. Initially involved from the sidelines through a leading incubator in Toronto, Tim was drawn to BrickEye's innovative approach and low-ego team. In 2021, he officially took the helm, coinciding with the acquisition of BrickEye (formerly ALMS Technology).

The Impact of IoT in Construction

Tim discusses the profound impact of IoT on the construction industry, especially in the context of post-pandemic challenges. He highlights how IoT addresses the skilled labor shortage, improves productivity, and mitigates insurance risks. BrickEye's construction risk platform plays a critical role in this transformation by providing real-time data and insights that enhance decision-making and project management.

Future Challenges and BrickEye's Strategies

Tim foresees significant challenges for the construction industry, including productivity issues, insurance risks, and adherence to quality standards. BrickEye's robust platform leverages IoT technologies to capture critical data, providing insights that help construction projects stay on schedule, meet specifications, and reduce risks such as water damage.

Inflation and Construction

With rising inflation affecting construction costs, Tim explains how BrickEye helps developers and contractors improve margins by reducing risk and enhancing efficiency. He cites the example of Toronto, where new condo starts have slowed due to high interest rates, yet BrickEye's technology offers a way to manage these financial pressures effectively.

Innovations Shaping the Future

Looking ahead, Tim emphasizes the role of AI and machine learning in further enhancing BrickEye's platform. By embedding these technologies, BrickEye aims to provide even more valuable insights and improve risk mitigation. The platform's ability to learn from data patterns, such as water flow anomalies, exemplifies this forward-thinking approach.

Tim Angus's Leadership and Advice

Tim shares his leadership philosophy, focusing on inspiration and team recognition. He advises young entrepreneurs to view failure as a learning opportunity, a lesson he learned from a successful relative. Tim believes that celebrating team successes and fostering a culture of creativity and excellence are key to building a successful company.

What's Next for BrickEye

BrickEye is poised for significant growth, expanding across multiple continents with strong traction in the Middle East and the US. Tim highlights the company's focus on continuing to deliver the best platform and services, ensuring customer satisfaction and market dominance.