Israeli construction tech startup Buildots has unveiled a new AI tool that predicts potential risks that could delay a project and alerts managers to pacing issues before they escalate.
The Tel Aviv and London-based startup says its Delay Forecast platform also provides in-depth insights into the causes for delays, boosting efficiency and decision-making processes.
Buildots developed the new platform after finding that 62 percent of construction site activities are running slower than planned – and that 25 percent of such activities are operating at half of the expected pace.
The platform integrates into Buildot’s existing dashboard to highlight companies that are in danger of falling behind schedule and, using AI analysis, offer solutions to get them back on track.
Buildots says that in global beta testing, the new platform, when used in conjunction with the company’s Performance Driven Construction Management (PDCM), has shown to facilitate a 50 percent reduction in delays.
“At Buildots we believe that accurate progress data, performance indicators, and data-driven insights are critical to solving issues that plague almost all construction projects, such as delays and inefficiency,” said Buildots co-founder and CPO Aviv Leibovici.
“Those core beliefs inspire all that we do, from developing the Performance Driven Construction Management (PDCM) method, to designing new tools like Delay Forecast,” he said.
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