Oracle Brings New Level of Intelligence to Const Projects
Oracle tannounced Oracle Construction Intelligence Cloud Service, a new suite of AI and analytics applications for the engineering and construction industry. Construction projects often run into problems that impact productivity, safety, and profitability. The new suite uses machine learning to continually analyze project data managed in Oracle Construction and Engineering solutions to identify these potential risks and inefficiencies early, helping organizations make better decisions.
Oracle Construction Intelligence Cloud Advisor provides predictive intelligence to improve decision-making at all levels of an organization. Unlike software that provides only a view into what has happened in a project, the application also anticipates what may happen next. Its re-trainable machine learning models improve in accuracy over time as they learn from an organization’s experiences.
The application uses data from Oracle’s Primavera scheduling solution to predict project delays, which often lead to cost overruns, and help organizations determine appropriate corrective actions. This includes identifying what project activities might be delayed and why. Oracle Construction Intelligence Cloud Advisor can also help create better estimates, identify the impact of predicted delays on downstream activities, and improve the scheduling process to increase productivity.
There are plans to expand Oracle Construction Intelligence Cloud Advisor to include data from across the Oracle Construction and Engineering portfolio over the next year. These enhancements may help identify potential risks related to litigation, safety, rework, supply chain performance and cash flow. Additionally, new Oracle Construction Intelligence Cloud Service analytics and data service offerings will be added to the product line.