Alethic is a new SaaS venture from Magnitude QS, a Chartered Quantity Surveying and Construction Consultancy, who provide management and professional advice to clients and contractors. Their team — working nationally with over 75 years of combined experience — are committed to providing their clients with elite advice from concept to completion, creating value at every stage and enabling informed decisions to be made and in turn maximising commercial and project success.
Magnitude initially engaged with Yozu in January 2023 as they had seen a gap in the market that a technology product could potentially fill — they had even gone as far as to develop a low-code solution for internal use as a proof of concept.
Quantity Surveying generates a huge amount of data as part of any given project and this data can be used for an array of purposes such as:
- Benchmarking
- Improving Estimation
- Reporting
In general, this data is not easily accessed — especially by the general public or smaller contractors — which is the gap that Magnitude spotted. They felt there was an opportunity to create a technology product to harness, analyse, and put that data to use for a number of prospective audiences.
Following on from our initial conversations, Magnitude made the decision to move forward with developing a design prototype, branding, and associated marketing materials in order to help them in understanding market appetite for a potential product — this product (and associated business) is Alethic.
