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In a conference call with The Logic hosted by the Canadian Club on Tuesday, the longtime CEO discussed how his industry is under threat from Silicon Valley and how the company plans to develop its own software. Construction is much more a knowledge industry than it is a buildinghands and toolsindustry, said Smith. Its really complex and it is data-driven: if you can predict failure, you can take over the world. Silicon Valley gets this; we get it, too, and were willing to take on the risk to get it right. (The Logic)