Technology alliance to harness AI on major construction projects
The AI alliance aims to bring a new paradigm of data-driven project management to better manage construction projects of any kind all over the world. Major projects regularly underperform due to traditional systems and human limitations meaning outcomes are inaccurately predicted. The increasing complexity of modern-day large infrastructure design and construction means that major projects will continue to overrun unless a new approach is taken. Dan Phillips, global practice lead for project, programme and commercial management at global engineering, management and development consultancy Mott MacDonald, said: "There is a huge amount of money and time invested in the delivery of major projects, and despite this, they continue to underperform, deliver less than budgeted benefits and inevitably become the focus of political and media scrutiny. "The construction industry lags behind other industries in the use of data and adoption of AI technology will play a big part in helping us achieve better outcomes for project teams, clients and ultimately the end-users who feel the effect of project delays and cost overruns the most." Endeavour Programme, a technology firm headquartered in Brisbane, has developed Octant AI, a scalable cloud hosted case-based decision-making system. It gathers data and analyses the performance in construction projects to produce improved insight allowing earlier, more effective, decision making. The new alliance will use this technology. David Porter, Endeavour programme founder, commented: "Large projects have become so complex with so many interdependencies and stakeholders, that managing them with traditional methods is ever more challenging.
Aug-9-2019, 08:14:37 GMT