How IFS.ai enhances AI in Construction & Engineering
The construction and engineering industry faces challenges in adopting digital technologies, resulting in inefficiencies, delays, and cost overruns. Embracing AI, Cloud technology and automated processes, the industry can enhance efficiency, reduce waste, meet sustainability goals and improve project delivery performance.
Forecasting & Simulation:
Using historical data to find patterns and enable simulation of future project outcomes.
- Improve cost control & cash flow forecasting.
- Dynamically identify risks & opportunities.
- Intelligent project forecast adjustments.
Optimization:
Take inputs such as goals, constraints, jobs, and resources to optimize outcomes.
- Intelligent work package planning.
- Dynamic work package scheduling.
- Constraint based resource allocation.
Anomaly Detection:
Automatically identify anomalies through thresholds, business logic and real-time data.
- Identify project exceptions.
- Identify and prevent data accuracy issues.
- Responsive & immediate risk mitigation.
Recommendation:
Provide users with the insight they need and recommend corrective actions.
- Suggest monthly forecast exception actions.
- Guided data entry with recommendation.
- Project bid and no bid assistance.
Contextual Knowledge:
Analyze large volumes of data to deliver to users in a simple way.
- Project performance insights.
- Explainable costs and intelligent drill down.
- Unstructured data knowledge retrieval.
Content Generation:
Generate content throughout the project to support predictive budgeting and forecasting.
- Predictive budgeting & forecasting.
- Generate project lessons learnt.
- Auto-generate project performance reporting.
REALIZING VALUE FROM AI:
- Products & Services Innovation - 37%
- Faster time to Market - 35%
- Internal & External Data accessibility - 34%
Supercharging your Industry
Aerospace and Defense
310 million passengers a year fly safely thanks to aircraft maintained by IFS.ai
Energy Utilities and Resources
8 out of 10 of the US's leading energy companies use IFS.ai to deliver power to your home.
Manufacturing
Leading manufacturers across the world use IFS.ai to produce and distribute 200 billion packages a year sustainably.
Service Industries
2 billion people keep moving on elevators and walkways maintained and serviced with IFS.ai every day.
Telecommunications
Over 200 million Americans connect every day using cell phone networks maintained with IFS.ai
Construction and Engineering
Construction & Engineering companies are saving up to 49% in contractor spend through AI driven project efficiencies.
It can be hard to know where to start with AI.
IFS has a proven engagement model that drives results for you & your business.
Let's speak.
