US-based tech company Oracle has announced the launch of its new AI-driven cloud service for use in the construction sector.
Photo: Gerd Altmann / Pixabay
The industry, which has been struggling under Covid, often runs into issues with productivity, safety and profitability and the new suite offers solutions by using machine learning to analyse project data.
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The services continually analyses construction processes allowing for detection of potential weak spots early, allowing for companies to make more informed decisions on how to deal with them.
Oracle claims the data can also make accurate predictions as to what may occur next, allowing organisations to deal with potential hitches before they happen.
According to Oracle, "[the cloud service's] re-trainable machine learning models improve in accuracy over time as they learn from an organization’s experiences," which hints the processes may become more accurate as they gather more data.
Using data pulled from Oracle’s Primavera scheduling solution, the application is able to predict potential project delays and offer corrective actions, potentially increasing productivity. This includes identifying what project activities might be delayed and why.
The first application, the Oracle Construction Intelligence Cloud Advisor (OCICA) is readily available now, with other applications expected to follow.
Oracle is currently expanding OCICA, allowing to incorporate data from across its construction and engineering portfolio.
The company claim this will further enhance the projects ability to identify and offer solutions to potential risks, including those related to litigation, safety, supply chain performance and cash flow.
Mark Webster, senior vice president and general manager at Oracle Construction and Engineering, said: “Engineering and construction organizations are struggling to mine their data for useful insights into the performance of their projects and operations.
“Oracle Construction Intelligence Cloud Service was shaped by our customers’ need for intuitive tools to make their project outcomes more predictable and their businesses more competitive and profitable.”
Nate Meddings, director of project controls for Honolulu Authority for Rapid Transportation (HART), said: “It requires a substantial amount of time for HART to review and provide feedback on monthly schedule submittals from our contractors.
"We look forward to having Oracle Construction Intelligence Cloud Advisor as a solution that streamlines the analysis by highlighting specific areas of concern before we even begin our review process. We welcome the fact-based, visual indicators we can share with our contractors to help drive improvements in their work product.”
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