Oracle launches new AI for construction
17 February 2021
Tech giant’s artificial intelligence will use machine learning to analyse project data
Tech giant Oracle has launched a range of solutions for the construction industry, using artificial intelligence (AI) to analyse project data.
The suite of solutions is designed to help users detect risks and make more informed project decisions and the first application within the range, Oracle Construction Intelligence Cloud Service, is now generally available.
Oracle says the software uses “re-trainable machine learning models” which learn from an organisation’s experiences, as well as predictive intelligence, to anticipate what is likely to happen next on a given project.
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.
Patty Sullivan, a project manager at Burns & McDonnell, which is currently using the Oracle solution, said, “When you see some of the predictive modeling being done, such as Oracle’s Construction Intelligence Cloud Service, you see an endless opportunity for us to be more proactively responsive as opposed to reactive. Additionally, I believe there is an opportunity to manage or mitigate project risk with this technology. It is certainly something we will be looking at this year and we look forward to working with Oracle in utilising this technology to improve and transform our industry.”
Oracle says it is currently working on expanding its Construction Intelligence Cloud Advisor solution, allowing it to incorporate data from across its construction and engineering portfolio. Once this upgrade is completed, the company says the application could be used to identify furhter risks, including those related to litigation, safety, supply chain performance and cash flow.
Mark Webster, senior vice president and general manager, Oracle Construction and Engineering, said, “Engineering and construction organisations are struggling to mine their data for useful insights into the performance of their projects and operations.”
He added, “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.”