The construction industry is notorious for delays and budget overruns. Now, an innovative solution from Israeli technology company Buildots aims to change that narrative. Introducing the Delay Forecast tool, an AI-powered technology designed to predict and mitigate delays in construction projects before they escalate.
The Delay Forecast tool uses artificial intelligence to monitor construction activities, flagging those at risk of falling behind schedule. By quantifying these risks, it provides projections of potential delays and recommends corrective measures to keep projects on track. This proactive approach enables project managers to address issues before they become critical.
Buildots developed the Delay Forecast tool after conducting extensive research on construction site activities. Their findings revealed that 62% of activities consistently run slower than planned, with 25% operating at half their intended pace. These delays often go unnoticed until they have significantly impacted the project timeline. Critical activities, even when regularly performed poorly, tend to escape immediate attention, exacerbating the problem.
The Delay Forecast tool offers several benefits for construction project managers:
Buildots' Delay Forecast tool represents a significant advancement in construction project management. By leveraging artificial intelligence, it provides a proactive approach to delay mitigation, helping project managers keep their projects on schedule and within budget.
Source: AI tool predicts hold-ups
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