Business Services Industry
Leading Analyst Firm Confirms Return On Investment for Autodesk Buzzsaw, Online Project Collaboration Service
Business Wire, Sept 9, 2002
Business Editors/High-Tech Writers
SAN RAFAEL, Calif.--(BUSINESS WIRE)--Sept. 9, 2002
Hurwitz Group Survey Reports 370 Percent Average Annual Return On
Investment for Buzzsaw Customers Participating in Its Study
Autodesk, Inc. (Nasdaq:ADSK), the world's leading design software and digital content company, today announced results of a survey conducted by Framingham, MA-based analyst and research firm, Hurwitz Group, supports the value of return on investment for Autodesk(R) Buzzsaw(TM), its online project collaboration service for the building industry. Key findings by the Hurwitz Group study reveal that Buzzsaw customers who participated in the survey experienced an annual average return on investment (ROI) of 370 percent. The study also found that time to breakeven -- the date at which Buzzsaw has paid for itself through measurable cost savings -- averaged two to three months after implementing the service. Autodesk Buzzsaw is targeted at the $3.9 trillion global building industry and is used by more than 62,000 owners, developers, architects, engineers and contractors.
"Building teams and organizations evaluating project management services should consider Buzzsaw because of the potential direct return on material costs," said William Peterson, Hurwitz Group director of portals and business intelligence. "In addition to the confirmation of return on investment for Buzzsaw, study participants from all industry segments also realized the benefits in a relatively very short time frame."
In addition to the ROI benefits, the paper details numerous customer benefits, including measurable increases in staff productivity, improvements in project team communication and significant increases in new and repeat business. These findings include:
Quantifiable ROI Results for Surveyed Customers
-- Average annual ROI including material and labor savings are approximately $95,000 -- Savings of more than $30,000 on paper, printing, delivery and travel -- Savings of more than $65,000 on the cost of managing project collaboration
Return on Opportunity(TM) (ROO) (ROO is a proprietary methodology created by Hurwitz Group for categorizing and quantifying difficult-to-measure end-user benefits)
-- 97 percent of survey respondents reported Buzzsaw enabled
faster and clearer communication with partners and suppliers
-- 93 percent indicated Buzzsaw improved quality of work
-- 77 percent reported an increase in team productivity
Survey Data and Analysis
In order to best understand and accurately report the overall benefits of Autodesk Buzzsaw, Hurwitz Group took both a qualitative and quantitative approach to the survey. A total of 50 customers were interviewed and responses were evaluated accordingly. Responding firms represented all major segments or disciplines in the building industry including owner, developer, architectural, engineering and contracting firms. Individual respondents included project and CAD managers, chief information and technical officers and information technology professionals.
Autodesk Buzzsaw for Building Management
Powered by proprietary ProjectPoint(TM) technology, Buzzsaw is an online project collaboration service that connects building project team members and helps them communicate by storing and sharing information in one, secure location. This enables owners, developers, architects, and engineers to save time and increase profitability throughout the entire design, construction, and building management process. In an effort to support international companies, a local language version was recently introduced in Japan.
Founded in 1982, Autodesk, Inc., is the world's leading design software and digital content company. Autodesk offers solutions for professionals in building design, geographic information systems, manufacturing, digital media, and wireless data services. By delivering progressive products and services, Autodesk helps customers create, manage, use and maximize the value of their digital data throughout the lifecycle of their projects. For more information about the company, see www.autodesk.com. For information about the Buzzsaw service, visit the product site at www.autodesk.com/collaborate.
> Autodesk, Buzzsaw and ProjectPoint are either registered trademarks or trademarks of Autodesk, Inc. in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders.- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article


